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

After Cyclone transfers the governance to IoTeX, Cyclone will cooperate with more and more projects on IoTeX, and the DeFi ecosystem will be more and more abundant. In order to promote the leap of Cyclone, this proposal suggests:

Part 1

Give double reward for IoTeX liquidity pool to stimulate more users. Once passed, the double reward will be implemented after IoTeX Anonymity/Liquidity Pools expires of this round.

CYC-IOTX Liquidity Pool

Asset: CYC-IOTX LP Life Cycle: 90 days Liquidity Mining: 40 CYC per day (increase from 20 CYC per day)

Part 2

Add new anonymity pool-Filda on IoTeX chain after IoTeX Anonymity/Liquidity Pools expires of this round.

IoTeX - Pool FilDA

Asset: 200 FILDA Life Cycle: 90 days Anonymity Mining v2: 0.05 CYC per day Coin Denomination: 100 IOTX Anonymity Fee: 0.02 CYC Relayer Fee: 1 IOTX

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-adjust-iotex-anonymity-liquidity-pools-increase-liquidity-reward-add-new-anonymity-pool/158