What is Cykura (CYS)? Everything about the CYS Token

To execute trades, Automated Market Makers use liquidity that is close to the current trading price of a certain asset pair. As a result, a significant portion of LPs' assets are thinly spread across a wide price range and are thus underutilized. LPs earn nothing on their assets, and traders do not benefit from idle liquidity that could be used to match their orders.

Concentrated Liquidity Market Makers allow LPs to put 100% of their assets to work, making markets precisely at the price range they believe will be most beneficial for earning fees. 

What is Cykura?

Cykura is a decentralized AMM platform that utilizes concentrated liquidity, developed on Solana. Cykura solves the problem of capital inefficiency and maximizes returns for LPs by allowing LPs to choose the price ranges at which their liquidity is active. Specifically, LPs will predict the range in which the trade will actually occur, instead of providing for the entire range. 

Cykura was originally known as Cyclos. The project changed its name in early March 2022 as it reached the development phase of the V2 version, according to the project.

How does Cykura work?

While most AMMs are forks of Uniswap V2, Cyclos distinguishes itself with the concentrated liquidity functionality pioneered by Uniswap V3. Concentrated liquidity enables Uniswap V3 LPs to provide liquidity with up to 4000x capital efficiency against Uniswap v2, resulting in a greater return on initial capital.

Cykura's advantage over Uniswap V3 is that it is built on Solana instead of Ethereum, therefore, users will not be affected by network congestion or excessive transaction fees. Cykura's distinctive features are described below.

Maximizing capital efficiency 

LPs "concentrate" their liquidity by placing their assets at price intervals of their choosing. Concentrated liquidity offers LPs complete control over how their liquidity is distributed and rewards them for meeting market demand.

More fees for LPs

Trading fees are paid to LPs based on how much of their liquidity is utilized. The tighter their price interval around an asset's current or future trading price, the more fees they earn on Cykura.

Multiple Fee Tiers 

LPs choose their fee tier according to their risk tolerance. On Cykura, there are 3 fee tiers, corresponding to different levels of risk: 0.05%, 0.3%, and 1%. Fees are paid in greater proportion to LPs who create trading on more volatile, exotic pairs.

66.66% of the fees are directly distributed to LPs. 22.2% are utilized for CYS buy and burn from the market. Finally, 11.1% goes to the Cykura treasury to cover costs and expenses.

Gamification of Liquidity Provision

Trading fees and liquidity incentives are used to compensate LPs for making markets. Fees and rewards are divided based on the percentage of the pool that they control. There are numerous opportunities for LPs to fulfill demand in underserved sections of pools.

Fast and low-cost transactions

Built on Solana, Cyclos is powered by almost instant transactions and low gas fees. This removes a significant barrier to reaching the full potential of concentrated liquidity and optimized liquidity curves.

CYS Token Use Cases

• Utility: Long-term holders who lock the token will receive % of trading fees. LPs can access a lower fee tier by staking tokens prior to providing liquidity.
• Governance: A percentage of trading fee profits is used to execute market buybacks and burns.

Team, Investors, and Partners

Team

Cykura is led by a team with significant experience in the crypto space, including: 

• Daniel: A member of Binance Research since 2019, bringing many high-quality projects to the community through Binance Launchpad or direct listing.
• Shardul: A multi-award winner in Hackathons, notably ETH-Denver 2021 (winner for Chainlink), Golem factory (first prize), and NFT Hack 2021 for Near Protocol (first prize).

Investors

Cykura is supported by the top-tier strategic investors in the Solana Ecosystem:

• Solana Capital: A venture capital firm based in the United States, focuses on building and developing crypto apps for decentralized apps and marketplaces.
• Coin98 Ventures: The investment arm of Coin98 Finance, offering financial capital and resources to enable financial innovations in the DeFi space. 
• Huobi Ventures: A venture capital that specializes in blockchain technology, crypto assets, and digital currency.

Along with many other investment funds such as CMS, Hashkey, YoubiCapital, Gate.io…

Partners

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Roadmap & Updates

Cykura plans for Q1 and Q2 2022 for scaling the Cykura platform are described below: 

What is CYS Token

CYS is the Cykura platform’s governance token and a value accrual mechanism. 

Detailed information about the CYS Token

CYS Key Metrics 

• Token Name: Cykura Token
• Ticker: CYS
• Blockchain: Solana
• Token Standard: SPL
• Contract: BRLsMczKuaR5w9vSubF4j8HwEGGprVAyyVgS4EX7DKEg
• Token type: Utility, Governance
• Total Supply: 100,000,000 CYS
• Circulating Supply: 11,632,000 CYS

CYS Token Allocation

• Liquidity Rewards: 35%
• Ecosystem: 20%
• Team: 17%
• Seed Sale: 6.2%
• Marketing: 5%
• Initial Liquidity: 5% 
• Strategic Sale: 4.2% 
• Serum Staking: 3.6%
• Advisors: 3%
• Public Sale: 1%

CYS Token Sale

• Private sale price: $0.15 - $0.25 per token.
• Public sale price: $0.35 per token.

CYS Token Release Schedule

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How to get CYS Token

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How to store CYS Token

You can store the CYS tokens on Coin98 Super App with these steps: 

Step 1: Open Coin98 Super App, move to Wallet section & click Receive on the home screen. 

Step 2: Search CYS Token. 

Step 3: Click on the correct result, copy the wallet address, and send CYS to this address.

How to buy CYS Token

CYS Token can be bought through these exchanges: MEXC Global, Gate.io, LATOKEN, and Raydium. 

Similar Projects

Uniswap V3: An upgrade from Uniswap V2, with many special features such as liquidity concentration, NFT support, and so on. 

Crema Finance: A multipurpose DeFi protocol that serves as a cryptocurrency exchange and lending platform. The project is a forked version of Compound Finance.

Orca: A Solana-based pure AMM DEX with its own liquidity pools.