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 adding five new anonymity pools in Cyclone Protocol on IoTeX mainnet at block height 13793514 (Oct. 18th 5AM UTC), they are CYC, BUSD, ioUSDT, ZOOM and MCN. The token economy is the same as https://docs.cyclone.xyz/cyc-token/anonymity-mining-v2 .

New Pools

IoTeX - Pool Macaron

Asset: 3 CYC

Life Cycle: 90 days

Anonymity Mining v2: 2 CYC per day

Coin Denomination: 100 IOTX

Anonymity Fee: 0.02 CYC

Relayer Fee: 1 IOTX

IoTeX - Pool BUSD

Asset: 2,500 BUSD

Life Cycle: 90 days

Anonymity Mining v2: 0.25 CYC per day

Coin Denomination: 100 IOTX

Anonymity Fee: 0.02 CYC

Relayer Fee: 1 IOTX

IoTeX - Pool ioUSDT

Asset: 2,500 ioUSDT

Life Cycle: 90 days

Anonymity Mining v2: 0.25 CYC per day

Coin Denomination: 100 IOTX

Anonymity Fee: 0.02 CYC

Relayer Fee: 1 IOTX

IoTeX - Pool ZOOM

Asset: 20,000 ZOOM

Life Cycle: 90 days

Anonymity Mining v2: 0.5 CYC per day

Coin Denomination: 100 IOTX

Anonymity Fee: 0.02 CYC

Relayer Fee: 1 IOTX

IoTeX - Pool MCN

Asset: 10 MCN

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

Token Denomination refers to the number of CYC tokens to deposit, which can be withdrawn later to a new address; Coin Denomination refers to the number of coins ($IOTX on IoTeX blockchain) to deposit, which can be withdrawn later to a new address, and to cover the future gas cost on this new address.

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/add-new-anonymity-pools-for-cyc-usdt-busd-b-zoom-and-mcn/149