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, and Ethereum, and has gained many fans.

Proposal - Part A

We propose to launch Cyclone Protocol on Polygon (previously Matic) mainnet in July 2021. The following are the Genesis Pools for Polygon mainnet, aka Geometry Pools. Note that the definition of asset/coin/CYC denominations is the same as in https://docs.cyclone.xyz/cyc-token/anonymity-mining-v2#terminology.

Pool Pentagon

Asset: MATIC

Asset Denomination: 1,000 MATIC

Life Cycle: 90 days

Anonymity Mining v2: 0.06 CYC per day

Entry Fee: 0.005 CYC which is deposited to treasury DAO

Relayer Fee: 0.1 MATIC

Pool Hexagon

Asset: USDC

Asset Denomination: 1,000 USDC

Coin Denomination: 2 MATIC

Life Cycle: 90 days

Anonymity Mining v2: 0.03 CYC per day

Entry Fee: 0.005 CYC which is deposited to treasury DAO

Relayer Fee: 0.1 MATIC

Pool Octagon

Asset: QUICK

Asset Denomination: 2 QUICK

Coin Denomination: 2 MATIC

Life Cycle: 90 days

Anonymity Mining v2: 0.03 CYC per day

Entry Fee: 0.005 CYC which is deposited to treasury DAO

Relayer Fee: 0.1 MATIC

Liquidity Pool

Asset: CYC/MAITC LP on Quickswap

Liquidity reward: 20 CYC per day

Proposal - Part B

We propose to change the daily liquidity reward for the three liquidity pools currently on Ethereum, BSC, and IoTeX mainnet (from 25 CYC per day) to 20 CYC per day, effectively immediately.

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-launch-on-polygon-previously-matic-mainnet-and-change-of-daily-liquidity-reward/138