Cyclone Protocol is going to relaunch on IoTeX! In this launch, Cyclone Protocol will be web3-compatible; LP mining will be migrated to mimo V2; anonymity pools are all refreshed. The launch will be on August 14th UTC time.
Cyclone Protocol is a leading #PriFi protocol that offers multi-chain + zkSNARKs-based privacy, with yield aggregation, governed by the decentralized DAO. Cyclone applies zkSNARKs to enable transactional privacy for all DeFi components by breaking the on-chain link between depositor and recipient addresses. Cyclone Protocol has been successfully launched on IoTeX mainnet, Binance Smart Chain, Ethereum and Polygon. At present Cyclone hits $10M TVL and is gradually increasing, according to https://cyclone.xyz/analytics!
- Refilled anonymity pools: We have refilled all IoTeX pools (Cookie Pools) on Cyclone which remain AMv2 token economics.
- Web3/Metamask support: Cyclone Protocol is Web3-compatible and friendly to developers-new users can access Cyclone through MetaMask for seamless onboarding, and developers can easily use Cyclone to interact with all DeFi products.
- Mimo v2 LP mining：With Mimoswap upgrade to mimo v2, we are upgrading the liquidity mining of IoTeX chain to mimo v2. Users can swap CYC tokens with other tokens much easier.
Relaunch Time: 8/14 6:00 AM UTC
Liquidity Mining Pair: $CYC/$IOTX (MLP — mimo v2)
Founded in 2017, IoTeX is an EVM-compatible blockchain platform to fuel the Internet of Trusted Things, an open ecosystem where humans and machines can interact with guaranteed trust and privacy. IoTeX envisions a future where everyday people can own and control their smart devices, as well as the data and value they generate. Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, decentralized identity, and secure hardware to enable user-owned IoT devices and networks. By connecting the physical and digital worlds, IoTeX will empower the future machine economy and redefine the trillion-dollar IoT industry.
About Cyclone Protocol
Cyclone Protocol is a cross-chain, non-custodial, universal privacy-preserving protocol for DeFi with decentralized governance which started in 2021. Cyclone applies zkSNARKs to enable transactional privacy for all DeFi components by breaking the on-chain link between depositor and recipient addresses. Cyclone Protocol is committed to creating the world’s first fully privacy-protected Money Market.
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