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Token Denomination refers to the number of CYC tokens to deposit, which can be withdrawn later to a new address; Coin Denomination refers to the number of coins ($IOTX on IoTeX blockchain) to deposit, which can be withdrawn later to a new address, and to cover the future gas cost on this new address.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 https://forum.cyclone.xyz/t/proposal-refill-iotex-pools-with-anonymity-liquidity-reward-and-add-new-anonymity-pools/167