What is Cyclos (CYS)?

11/01/2022 09:22

What is Cyclos?

Cyclos is an AMM (Automated Market Maker) that brings Uniswap V3-style liquidity centralization to Solana. Unlike other AMMs, Cyclos allows Liquidity Providers (LPs) to choose a price range for their liquidity.

Built on Solana, Cyclos leverages the advantages of this ecosystem, helping users accelerate asset transactions at much lower costs.

What is Cyclos used for?

When AMMs compete with each other to execute orders on Serum, there are two most important factors including:

Order Volume: Larger sell orders mean higher profits for LPs.
Order Distribution: Profit is obtained only when the order is completed. Placing liquidity at optimal price ranges increases the LP’s use of funds.

While Serum has solved the throughput problem that has plagued order book transactions, liquidity remains an issue. Other AMMs that provide liquidity to the Serum are still subject to the 0 – liquidity curve model.

By bringing “smart” centralized liquidity to the AMM space on Solana, Cyclos allows LPs to choose custom price ranges. From maximizing capital efficiency and asset pricing as well as optimizing impermanent loss.

Products of Cyclos

Currently, Cyclos has launched the Swap function on the Official Website, like the Uniswap platform that is so popular with users, but with a faster build on Solana and less gas costs, liquidity. Based on the orderbook, Cyclos is making itself the standard AMM version of the rapidly growing Solana ecosystem. To use the functions, users must connect to Sollet Wallet just like you connect Metamask on Ethereum.

Currently, Cyclos’s app is still in the development stage, they may launch the official product in the near future.

Highlights of Cyclos

While most other AMMs are still just a fork of Uniswap V2, Cyclos sets itself apart with the liquidity pooling feature that was first adopted by Uniswap V3.

Cyclos allows you to participate in providing liquidity at a certain price range, thereby helping other users to trade at large volume and not experience much slippage, and the price does not fluctuate too much compared to other users. theory.

In addition, Cyclos also allows liquidity with only 1 token, thus giving users the comfort of providing liquidity.

If compared with Uniswap V3, Cyclos’ strength will lie in being built on Solana instead of Ethereum, so users will not be affected by network congestion, or too high transaction fees.

How Cyclos works

LPing to Cyclos: LP provides liquidity by locking the assets of a trading pair at a freely defined rate, within a specific price range. This price range is simulated by a set of discrete positions, distinct from each other by the smallest possible increment, called a “tick”.

Aggregating liquidity: The liquidity of all individual LPs is aggregated on a “tick” basis.

LPing to Serum: A subset of all aggregate “ticks” are deposited into the Order-book on the Serum. While the exact number is subject to change, it is currently around 10 to 15 ticks per buy/sell side.

Distribution fee: The fee will be divided equally into 4 parts:

Cyclos Treasury.
Token Buy-back.
CYS Stakers.
Liquidity provider.

Update positions: As the market moves and orders are filled, there is a chance that the initially even distribution of liquidity becomes skewed to one side. There will be a system to regulate this liquidity problem every few seconds. This serves two purposes: To ensure that liquidity is distributed evenly and to ensure that the maximum amount of liquidity is actively used.

Basic information about CYS Token

CYS Token Use Case

Users holding CYS tokens will get:

Reduced transaction fees based on the amount of CYS holding.
Project management.
Get transaction fees.

In addition, a portion of the transaction fees will be used to buy CYS on the market and burn, as well as CYS will be used as Liquidity Incentives.

Key Metrics CYS

Token Name: Cyclos.
Ticker: CYS.
Blockchain: Solana.
Token Standard: SPL.
Contract: BRLsMczKuaR5w9vSubF4j8HwEGGprVAyyVgS4EX7DKEg
Token Type: Utility, Governance
Total Supply: 100,000,000 CYS
Circulating Supply: 6,180,000

CYS Token Allocation

Liquidity Rewards: 35%
Ecosystem: 20%
Team & Advisors: 20%
Team: 17%
Advisors: 3%
Token Sale: 11.4%
Seed Sale: 6.2%
Private Sale: 4.2%
Public Sale: 1%
Marketing: 5%
Initial Liquidity: 5%
Serum Staking: 3.6%

Storage wallet

CYS token is SPL token, you can store CYS token on Coin98 Wallet, sollet…

Exchanges

Currently traded on: Mex, Gate.io..

Current rate

Currently, at the time of writing, the price of CYS is trading at around 0.9 USD.

Roadmap

September 2021

Launching token features such as: Staking, Fee Rebates, Buy and Burns.
Launching Liquidity Mining.

November 2021

Launching V1 of dynamic repositioning: Fully Automated Farming.

December 2021

Launch of Cyclos Hackathon and Incubator Program.
Admin launch.

February 2022

Expand to another Layer 1.

Team

The most prominent project development team is Daniel – who has worked at Binance Research since 2019, bringing many high-quality projects to the community through Binance Launchpad or direct listing.

In addition to the project, there is Shardul, who has won many awards in Hackathons.