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.

Proposal

The proposal suggests refilling the following pools that are about to finish their second 90 days of the mission, yet still very active in terms of TVL. Once passed, additional CYC will be minted and injected into these pools on 11/9 12:00AM UTC to support them operate for another 90 days with the proposed amount of anonymity/liquidity reward.

IoTeX - Pool Biscuit

Asset: 50,000 IOTX Life Cycle: 90 days Anonymity Mining v2: 0.2 CYC per day

IoTeX - Pool Snickerdoodle

Asset: 500,000 IOTX Life Cycle: 90 days Anonymity Mining v2: 1 CYC per day

IoTeX - Pool Gingersnaps

Asset: 2,000,000 VITA Life Cycle: 90 days Anonymity Mining v2: 0.05 CYC per day

CYC-IOTX Liquidity Pool

Asset: CYC-IOTX LP Life Cycle: 90 days Liquidity Mining: 20 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/2nd-round-refill-iotex-pools-with-anonymity-liquidity-reward/151