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In the Solana ecosystem there is no shortage of representatives in the AMM array, but Cyclos is a pretty prominent name. This article will help you know what Cyclos, CYS token is and what the project is different from other AMMs.
What is Cyclos?
Cyclos is a decentralized AMM belonging to the Solana ecosystem that helps users to trade assets quickly with cheap transaction fees. At a basic level, Cyclos can be understood as a project that builds on top of Serum, bringing a familiar AMM experience to DeFi users on Solana.
Highlights of Cyclos (CYS)
While most other AMMs are still just a fork of Uniswap V2, then Cyclos sets itself apart with the liquidity centralization feature that was first adopted by Uniswap V3.
Cyclos allows you to participate in providing liquidity at a certain price range, thereby helping other users with large volume transactions without much slippage, and the price does not fluctuate too much compared to other users. theory.
In addition, Cyclos allows to provide liquidity with only 1 token, thus giving users the comfort of providing liquidity.
Compared to Uniswap V3, the strength of Cyclos will lie in being built on Solana instead of Ethereum, so users will not be affected by network congestion, or too high transaction fees.
To understand more about how Cyclos works, this section explains about Cyclos liquidity allocation:
LPing to Cyclos: LP provides liquidity by locking the assets of a trading pair at a freely defined rate, within a specific price range. This price range is simulated by a set of discrete positions, distinct from each other by the smallest possible increment, called a “tick”.
Aggregating liquidity: The liquidity of all individual LPs is aggregated on a “tick” basis.
LPing to Serum: a subset of all aggregate “ticks” deposited into the Order-book on the Serum. While the exact number may vary, it is currently around 10 to 15 ticks per buy/sell side.
Distribution fee: The fee will be divided equally into 4 parts:
- Cyclos Treasury.
- Token Buy-back.
- CYS Stakers.
- Liquidity provider.
Update positions: As the market moves and orders are filled, there is a chance that the initially even distribution of liquidity becomes one-sided. There will be a system to regulate this liquidity problem every few seconds. This serves two purposes: To ensure that liquidity is distributed evenly and to ensure that the maximum amount of liquidity is actively used.
Detailed information about CYS Token
Key Metrics CYS
- Token Name: Cyclos.
- Ticker: CYS.
- Blockchain: Solana.
- Token Standard: SPL.
- Contract: Updating…
- Token Type: Updating…
- Total Supply: Updating…
- Circulating Supply: Updating…
CYS Token Allocation
CYS Token Sale
CYS Token Release Schedule
CYS Token Use Case
How to earn and own CYS Token
Currently it is not clear how to earn CYS.
CYS Token exchange & storage wallet
Instructions for storing CYS on CHK Wallet
CYS token is SPL token, you can store CYS token on CHK Wallet. Details will be updated later.
Trade CYS on CHK Wallet
Currently CHK Wallet does not support trading of SPL tokens, but in the future it will. Details will be updated later.
Roadmaps & Updates
Project team, investors & partners
Cyclos received $1M from investors: CMS, Hashkey, Solana Capital, Huobi Ventures, CHK Ventures, MXC, Gate.io, Illusionist Group, Skyvision Capital, and Petrock Capital.
So I have provided you with the latest and basic information about Cyclos and CYS token, I will update as soon as the project has more details about CYS tokenomics!
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