Background
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, BSC and Ethereum, and has gained many fans.
Proposal - Part A
We propose to launch Cyclone Protocol on Polygon (previously Matic) mainnet in July, 2021. The following are the Genesis Pools for Polygon mainnet, aka Geometry Pools. Note that the definition of asset/coin/CYC denominations is the same as in Anonymity Mining v2 (AMv2) - Cyclone Protocol.
Pool Pentagon
Asset: MATIC
Asset Denomination: 1,000 MATIC
Life Cycle: 90 days
Anonymity Mining v2: 0.06 CYC per day
Entry Fee: 0.005 CYC which is deposited to treasury DAO
Relayer Fee: 0.1 MATIC
Pool Hexagon
Asset: USDC
Asset Denomination: 1,000 USDC
Coin Denomination: 2 MATIC
Life Cycle: 90 days
Anonymity Mining v2: 0.03 CYC per day
Entry Fee: 0.005 CYC which is deposited to treasury DAO
Relayer Fee: 0.1 MATIC
Pool Octagon
Asset: QUICK
Asset Denomination: 2 QUICK
Coin Denomination: 2 MATIC
Life Cycle: 90 days
Anonymity Mining v2: 0.03 CYC per day
Entry Fee: 0.005 CYC which is deposited to treasury DAO
Relayer Fee: 0.1 MATIC
Liquidity Pool
Asset: CYC/MAITC LP on Quickswap
Liquidity reward: 20 CYC per day
Proposal - Part B
We propose to change the daily liquidity reward for the three liquidity pools currently on Ethereum, BSC and IoTeX mainnet, from 25 CYC per day, to 20 CYC per day, effectively immediately.
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.
