Cyclone Protocol
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English
简体中文한국어Englishрусский
  • Introduction
  • How It Works
  • Anonymity Pools
  • Token Economics
    • Liquidity Mining (LM)
    • Anonymity Mining v1 (AMv1)
    • Anonymity Mining v2 (AMv2)
  • Smart Contracts
  • Deployment
  • Roadmap
  • Decentralized Governance
  • Analytics
  • Development
  • Community
  • Github
  • A Step-by-Step Guide
    • How to Deposit
    • How to Withdraw
    • How to Liquidity Mining
  • Mining Guide
  • FAQ
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  • Liquidity Mining
  • Fee

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  1. Token Economics

Liquidity Mining (LM)

PreviousToken EconomicsNextAnonymity Mining v1 (AMv1)

Last updated 3 years ago

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Liquidity Mining

  • CYC can be supplied to DEX on different blockchains such as , and to produce CYC-ETH (TBD), CYC-BNB and CYC-IOTX Pool Tokens separately

  • Deposit of Pool Tokens to the contract to earn Daily Liquidity Reward

  • The Daily Liquidity Reward for each liquidity pair is composed of 20 CYC tokens for now, which is subject to change according to the decentralized governance

  • All CYC tokens in the daily liquidity pool are proportionally distributed to whoever stakes Pool Tokens

  • Liquidity miners can claim their CYC reward anytime, stake or unstake their pool tokens anytime.

Fee

  • For liquidity mining on IoTeX, there is NO FEE;

  • For liquidity mining on BSC, 0.5% of the LP tokens deposited is charged that is used to buy back CYC and burn.

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