CYCPriceis the price of CYC token in IOTX, and
ais the bonus rate which starts with
2and linear decrease with every a quarter of the max number of deposits allowed in the pool. e.g.,
a = 2if there are 380 deposits in the pool 1, and
a = 0.5if there are 5300 deposits in the pool.
CYCPrice = 1,000 IOTXand
a = 1, the table above looks like below
CYCPrice = 1 IOTX, the table above looks like below
a, anonymity providers can potentially get CYC as reward. For example, there were 100 deposits when Alice deposits to the pool, she got X CYC back. After a while, Alice decides to withdraw when there are 4000 deposits in the pool, she burns X/2 CYC to withdraw IOTX and keeps the other half as gain.