> For the complete documentation index, see [llms.txt](https://docs.cyclone.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cyclone.xyz/cyc-token/liquidity-mining.md).

# Liquidity Mining (LM)

### Liquidity Mining

![](https://4040024839-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MNeAQGL5skC11vu82Sy%2F-MVY1VhReUAKzW6vHsE_%2F-MVY48g_cK5LimI7zVEw%2Fbanner_hori.png?alt=media\&token=29869b72-1c8a-492d-9746-6a25155f14a6)

* CYC can be supplied to DEX on different blockchains such as [Uniswap](https://uniswap.org/), [Pancake](https://pancakeswap.finance/) and [mimo](https://mimo.exchange/pool) 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.

![](https://4040024839-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MNeAQGL5skC11vu82Sy%2F-MRxujnCpv5M7p-vVW2v%2F-MRyFGsRIGmSf9okCPDr%2Fimage.png?alt=media\&token=cb8e2e1c-b97c-4651-a3f9-8fd05d9871ac)

### 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.