DeFi Reviews

Review Cyclos (CYS) – The first concentrated AMM on Solana

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 concentrated liquidity market maker protocol that goals to be the go-to liquidity supplier for digital asset trading on Solana. Cyclos leverages the exponentially better effectivity of concentrated liquidity and combines it with the pliability of Serum’s order books to radically rework the market maker panorama of DeFi on Solana.

Outstanding features

To a fundamental degree, Cyclos could be understood as an overlay service on prime of Serum, bringing the acquainted fixed product market-making (CPMM) AMM expertise to the Solana DeFi ecosystem. Unlike current options, it does so whereas enabling concentrated liquidity.

Let liquidity suppliers select what price ranges their liquidity shall be lively and incomes rewards.

In an effort to develop distinctive concentrated liquidity that’s linked to common decentralized change Serum, Cyclos selected to launch on the Solana blockchain, profiting from the community’s low-latency and excessive throughput blockchain.

Funds deployed with Cyclos shall be used towards offering liquidity on Serum DEX as per the ranges specified by the LPs.

With Serum concerned, it will likely be ensured there isn’t a have to bootstrap trading quantity and preliminary liquidity for the AMM swimming pools which might subsequently scale back the impermanent loss danger for brand spanking new pairs and assure some earnings for LPs.

Specifically, Cyclos is used stablecoin pairs that permit the creation of a market without utilizing algorithms. In addition, Cyclos affords new options similar to various orders and stop-loss/restrict orders, the first for a Solana AMM.

SWOT Analysis

Strengths

Utility: Long-term holders who lock the token will obtain % of trading charges. LPs can enter a decrease price tier by staking tokens previous to offering liquidity.

Governance: A proportion of trading price-earnings is used to execute market buybacks and burns.

First concentrated Liquidity AMM on Solana

Weaknesses

The venture workforce doesn’t assure that the token price is not going to be decrease than its startup sale price

The start-up venture remains to be in its preliminary stage, elements together with the operation and underlying expertise of the venture, and different associated regulatory actions would possibly contribute to important dangers.

Opportunities

Solana blockchain presently is, without doubt, one of the fastest-growing blockchains

Threats

Advanced technical and monetary data is required to know, and consider the inherent dangers of crypto-asset funding.

The market volatility is excessive, and the price of a token would possibly fluctuate drastically as a consequence of technical, regulatory, and advertising, and marketing elements.

Users could not be capable of withdrawing all of the bought tokens as a consequence of technical problems with the venture.

RoadMap / Plan

Key metrics CYS

Token Name: Cyclos.
Ticker: CYS.
Blockchain: Solana.
Contract: Updating…
Token sort: Utility, Governance.
Initial Circulating Supply: 6,180,000 CYS (6.18%)
Total Supply: 100,000,000 CYS

CYS Token Allocation

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

Cyclos may even be suitable with all SPL-compatible token wallets. Phantom, Mathwallet, Ledger, Sollet Wallet, and so on.

Founder and Team

Jason O’Brien, a spokesperson for Cyclos, stated within the PR that with the funding, the venture may begin its journey of changing into a concentrated liquidity AMM.

Daniel: Daniel labored as Partner and Head of Research for a number one crypto agency in 2017. In 2019, he joined Binance Research, the place he introduced dozens of top-quality tasks to the market.

Shardul: Shardul is a serial Hackathon winner and Web3 developer who has joined competitions similar to ETH-Denver 2021 (winner for Chainlink), Golem manufacturing facility (1st prize), and NFT Hack 2021 for Near Protocol (1st Prize).

Investors

Source: CYCLOS

Cyclos, a concentrated liquidity market maker, constructed on Solana, has introduced that it has raised $2.1 million in a personal and public funding spherical, which noticed the participation of notable traders within the trade.

Per a press launch shared at the moment with CryptoPotato, the traders concerned within the just-concluded funding spherical embrace Huobi Ventures, CMS Holdings, Hashkey, Coin98 Ventures, Solana Capital, Gate.io cryptocurrency change, Youbi Capital, amongst a number of others.

Conclusion

Cyclos has differences and advantages from competitors. However, the risk of others copying the idea is high.
The potential of this project is low for long-term investment because the fundamental of this project is already been used by many others.

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.