A batch of 10,000 cougars will be released as part of the CycloSwap DeFi platform mechanism
- Le Cougar Clique edited by Cyclos and Solatars
- Bring concentrated liquidity to Solana
Cougar Clique is a unique hybrid DeFi / NFT protocol with built-in Cougarnomics deflationary mechanism. Thus, its NFTs become scarce over time.
Le Cougar Clique edited by Cyclos and Solatars
According to a press release shared with U.Today, Cyclos, a Solana-focused liquidity MA (SOL), in collaboration with consumer digital artists Solatars, will release the Le Cougar Clique collection of non-fungible tokens.
– The Cougar Clique (@CougarClique) November 18, 2021
Due to an eccentric mechanism put in place, the “Cougars” are deflationary by default: every two weeks, 25% of the CycloSwap platform fees and 15% of the Cougar sales royalties will be used to “eliminate” the Cougars ” the weakest “.
With these assets, the tokens will be repurchased in the market, so that the aggregate available supply of Cougars will be gradually reduced.
In part, the fees generated by Cougars’ sales in CYS – the base native token of Cyclos DEX – will be reinvested in a number of specially designed pools.
Jason O’Brian, co-founder of Cyclos, points out that the current release is of particular importance to his DEX’s community development strategy:
By linking the supply of Cougars to Cyclos, our goal is to create a virtuous circle between the two products and their communities. As the Cyclos ecosystem continues to expand, utility cases for Cougars will also continue to expand. Our intention behind founding Cougar Den (the DAO behind the project) will be for the community to collaborate on the development of future use cases with the Cyclos team.
Bring concentrated liquidity to Solana
Cougars NFT drop will be released in early December 2021 via a strike event on the official Cyclos Decentralized Funding Protocol website.
Cyclos presents itself as the first automated market making engine with concentrated liquidity in Solana. This revolutionary concept allows liquidity providers to enjoy fast and resource-efficient trading on Solana’s searing blockchain.
In addition, Cyclos aims to create liquidity pools for the widest range of assets: from stablecoin-to-stablecoin “base” pairs to exotic small-cap cryptocurrencies.