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Cycle Finance

Cycle Finance CYCLE Price N/A

6 Watchlists

DeFi

CYCLE Price

N/A

General Info

Contracts/Explorers:

Avalanche C-Chain

Explorers

Tags (Sub-Categories):

#Inactive

Funds and Backers

No funds found yet

Wallets

No wallets found yet

Description

Cycle Finance is a community owned yield optimizer on the Avalanche

Cycle Finance (CYCLE) Chart

The Cycle Finance to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

Additional Data

ATH Market Cap

$ 2.91M

Max Supply

CYCLE 300,000

Total Supply

CYCLE 300,000

Listing Date

8 Sep 2021

All Time High

$ 61.10

12 Sep 2021


All Time Low

$ 0.0273

25 Sep 2023

What is Cycle Finance (CYCLE)?

The Cycle Protocol is a yield optimizer containing vaults and a liquidity mining program.

Each vault aggregates deposits into an underlying strategy which in turn deposits into a 3rd party liquidity mining program. The rewards earned from this aggregate deposit will be 'harvested' back into the principle strategy deposit, compounding continuously.

The Cycle Protocol differentiates itself by attaching its own reward program to each vault. Instead of the depositor being minted vault shares, those shares are deposited into a reward contract on behalf of the depositor and CYCLE token rewards will be earned.

CYCLE token holders are the owners of the protocol and eventually will be the sole source of decision making power when determining which proposals to integrate. The maintenance and control of the protocol will remain with the core development team during the initial phase with the plan to transfer to a Gnosis Safe as soon as it is appropriate. 

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