Cyclone is the leading #PriFi protocol that offers cross-chain + zkSNARKs-based privacy, with yield enhancement, governed by the decentralized DAO. Cyclone has been successfully launched on IoTeX blockchain (~5m USD TVL) and BSC blockchain (~25m USD TVL).
Proposal
We propose to launch Cyclone Protocol on Ethereum mainnet on April 16, 2021, 5AM UTC. The following are the Genesis Pools for Ethereum mainnet, aka Coffee Pools. Note that asset/coin/CYC denominations are defined as Anonymity Mining v2 (AMv2) - Cyclone Protocol.
Pool Latte
Asset: ETH
Asset Denomination: 100 ETH
Life Cycle: 90 days
Anonymity Mining v2: 3 CYC per day
Entry Fee: 0.075 CYC which is deposited to treasury DAO
Relayer Fee: 0.1 ETH
Pool Espresso
Asset: USDT
Asset Denomination: 100,000 USDT
Coin Denomination: 0.2 ETH
Life Cycle: 90 days
Anonymity Mining v2: 3 CYC per day
Entry Fee: 0.075 CYC which is deposited to treasury DAO
Relayer Fee: 0.1 ETH
Pool Cold Brew
Asset: TORN
Asset Denomination: 100 TORN
Coin Denomination: 0.2 ETH
Life Cycle: 90 days
Anonymity Mining v2: 0.3 CYC per day
Entry Fee: 0.005 CYC which is deposited to treasury DAO
Relayer Fee: 0.1 ETH
Liquidity Pool
Asset: CYC/ETH LP on Uniswap
Liquidity reward: 25 CYC per day
Initial Mint To Treasury DAO
In addition, when launching on Ethereum mainnet, 202.1 CYC (yes, 202.1 again!) will be initially minted such that:
- 2.1 CYC - testing and initial liquidity provision on Uniswap
- 200 CYC - deposit to treasury DAO. All funds in treasury DAO are initially locked, the spend of which needs to be approved through the community voting.
The Vote
This proposal needs to be approved via a vote by the community before execution.
Discussion
Please discuss this proposal in this forum thread.