image

Token Platform

Category

Tags

IDO Platform

  • Solanium
Cyclos is a concentrated liquidity market maker protocol that aims to be the go-to liquidity provider for digital asset trading on Solana.
$ 0.0419 6.08%
Cyclos Market Cap
24h Trade Volume
Supply
All-Time-High (ATH) Price
Cyclos's current price is $ 0.0419, it has increased +6.08% over the past 24 hours. Cyclos's All Time High (ATH) of $ 6.80 was reached on 11 Sep 2021, and is currently -99.4% down. The maximum supply of Cyclos that will ever be issued is 100.00 Millions tokens, and the current supply of CYS in circulation is 6.18 Millions tokens. Cyclos’s 24 hour trading volume is $ 81.12 Thousands. It is traded on 4 markets and 3 exchanges, the most active of which is MEXC Global. Cyclos's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 258.81 Thousands. What is CyclosWith Cyclos, we have taken what we believe is the world’s most efficient limit order system and deployed it on Solana. Users can concentrate liquidity, constructing individual price curves of their choice, over which their assets are distributed. Trades then occur against the combined liquidity of all individual curves.Users despot their assets within a specified range- once filled, the user receives a maker fee rebate as a reward. As an LP, you earn trading fees when your liquidity is utilized through rebates, plus, placing what are essentially staggered limit orders.From a game-theory perspective, if the goal ultimate goal is maximize the incentive for LPs to deepen liquidity, two main factors must be considered:#1 Order volume — higher volume trades mean higher profits for LPs; by deploying their capital at select price intervals, LPs facilitate larger orders, resulting in increased rewards#2 Order distribution — profit is obtained only when orders are fulfilled; placing liquidity at the optimal price intervals increases usage of the LP’s funds, again, resulting in increased rewardsFor potential traders and LPs on Uniswap V3, variable swap fees and high gas costs remain a major barrier, limiting the potential for real, sustainable order book depth. As an LP, the prospect of placing ever more multiple ranged orders across variable price intervals incurs an ever higher gas penalty. As a result, the real potential harnessed by concentrated liquidity remains locked up.As for the situation on Solana, existing AMM solutions utilize a similar logic to the constant price curve when distributing liquidity. The absence of LP price intervals means less order book depth, low LP rewards, etc. As Solana is in the earlier stages of growth as a layer 1 network, this point is even more critical given the need to attract volume to the network. By more efficiently leveraging existing liquidity to provide exponentially greater order book depth, Cyclos offers a potential way out of the “chicken or egg” scenario layer 1 networks currently face when attracting volume.On Cyclos, not only does capital efficiency increase dramatically- less capital is at risk for LPs as a result. Less capital at risk translates to more free capital available, spread over greater price intervals, to earn more fees. And lower gas costs on the Solana network mean less fee penalties incurred by LPs. Combining these key innovations into one product, we believe Cyclos offers immense potential for greatly improving the AMM experience not just on Solana, but overall.
Exchange Pair Last Price Change (24H) High (24h) Low (24h) Spread Volume (24h)
Gate.io MEXC Global CYS/USDT $ 0.0419 +5.28% USDT 0.0425 USDT 0.039 0.714% $ 70,795
Gate.io Gate.io CYS/ETH $ 0.0413 -0.1% ETH 0.0000199 ETH 0.0000199 2.852% $ 14.07
Gate.io Raydium CYS/USDC $ 0.0395 N/A N/A N/A N/A $ 17.62