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, Ethereum and Polygon.
With the vigorous development of IoTeX, the projects on the IoTeX chain are showing an explosive growth trend. Cyclone has achieved partnerships with many projects on IoTeX, ZoomSwap, Blade, etc. In the next phase, Cyclone will focus on cooperating with high-quality projects on IoTeX and Binance Smart Chain to create a more valuable DeFi ecosystem.
Proposal
Part 1
The proposal suggests adding 2 new anonymity pools in Cyclone Protocol on IoTeX mainnet at block height 15841705 (Feb. 14th 5AM UTC), they are GFT and XIM. The token economy is the same as Anonymity Mining v2.
[New] IoTeX - Pool GFT
Asset: 20 GFT
Life Cycle: 120 days
Anonymity Mining v2: 0.12 CYC per day
Coin Denomination: 100 IOTX
Anonymity Fee: 0.02 CYC
Relayer Fee: 1 IOTX
[New] IoTeX - Pool XIM
Asset: 200 XIM
Life Cycle: 120 days
Anonymity Mining v2: 0.06 CYC per day
Coin Denomination: 100 IOTX
Anonymity Fee: 0.02 CYC
Relayer Fee: 1 IOTX
Token Denomination refers to the number of CYC tokens to deposit, which can be withdrawn later to a new address; Coin Denomination refers to the number of coins ($IOTX on IoTeX blockchain) to deposit, which can be withdrawn later to a new address, and to cover the future gas cost on this new address.
Part 2
The proposal suggests refilling the following pools that are about to finish their 3rd rounds of the mission, yet still very active in terms of TVL. Once passed, additional CYC will be minted and injected into these pools on 2/14 12:00AM UTC to support them operate for another 120 days with the proposed amount of anonymity/liquidity reward.
IoTeX - Pool Biscuit
Asset: 50,000 IOTX
Life Cycle: 120 days
Anonymity Mining v2: 0.2 CYC per day
IoTeX - Pool Snickerdoodle
Asset: 500,000 IOTX
Life Cycle: 120 days
Anonymity Mining v2: 1 CYC per day
IoTeX - Pool Gingersnaps
Asset: 2,000,000 VITA
Life Cycle: 120 days
Anonymity Mining v2: 0.05 CYC per day
IoTeX - Pool Macaron
Asset: 3 CYC
Life Cycle: 120 days
Anonymity Mining v2: 2 CYC per day
IoTeX - Pool BUSD
Asset: 2,500 BUSD
Life Cycle: 120 days
Anonymity Mining v2: 0.25 CYC per day
IoTeX - Pool USDT
Asset: 2,500 USDT
Life Cycle: 120 days
Anonymity Mining v2: 0.25 CYC per day
IoTeX - Pool ZM
Asset: 20,000 ZM
Life Cycle: 120 days
Anonymity Mining v2: 0.5 CYC per day
IoTeX - Pool MCN
Asset: 10 MCN
Life Cycle: 120 days
Anonymity Mining v2: 0.05 CYC per day
CYC-IOTX Liquidity Pool
Asset: CYC-IOTX LP
Life Cycle: 120 days
Liquidity Mining: 40 CYC per day
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.