Cyclone Finance Community Update 3#
New Cyclone Finance Governance Pool, Auto Compounding Vaults new App Website.
In our third Community Update we want to introduce several new updates for the Cyclone Finance Ecosystem!
First of all, after suggestions from our early investors, we decided to add a new yCLN Governance Pool with 10,000 LODE inside, lasting for 2 MONTHS like the other pools!
Now you can stake your yCLN on https://gov.cyclonefinance.org and earn LODE rewards! Because our coin has only 8 decials there is a bug in showing the correct Rewards in the yCLN Pool. Do not worry, the rewards are normal as in the other pools, it is just a visual bug!
After weeks of testing, developing and troubleshooting we finally managed to open up our Yield Optimization app at https://app.cyclonefinance.org . Along with the new Vault we introduced Cyclone Treasury and Cyclone Rewards pool that will gather the fees from the vault usage. The fees will be equally distributed among yCLN and LODE holders.
Our Vaults are beneficial for investors because it is a safe way for reward compounding. Our vault’s strategy will regularly compound your rewards so that the reward amount always increases and your initial investment in crypto assets.
To begin with we chose 4 vaults, but we will constantly update the vault list and implement new projects and strategies.
While we are trying to provide quality vaults for our customers please do your own research towards which coins to invest. Crypto assets, especially new ones are subject to high volatility. LP tokens are subject to impermanent loss. Use risk management while choosing your strategy!
Our first vaults will be:
Vault 1: CAKE Auto — Cake is one of the most popular AMMs on BSC and the one where all our pairs are listed. We strongly believe this is a long term project and we wish to offer the possibility to stake CAKE and have our platform do the auto-compounding for you!
Vault 2: BLZD-BUSD LP — For our net vaults we wanted to provide exposure to new projects. Blizzard is a new AMM based on farming that introduces a couple of new concepts. The farming rates are also quite attractive!
Vault 3: SWIRL-BNB LP — Swirl is a fork of Tornado Cash for BSC. It can be used to provide anonymity to your funds and for farming. We believe that such a service is essential in every blockchain and wish to provide more exposure to this project!
Vault 4: EPS-BNB LP —Ellipsis.finance is an exchange for stable coins on the Binance Smart Chain (BSC). It allows for stable coins swap with very low slippage and minimal fees. This project became popular after launch and the farming rates are also attractive.
In our next Community Update, we will introduce on our website the Rewards Distribution pool and expand our Marketing and Promotion section.
Thank you all for you patience and happy farming !
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🍀DON’T FORGET ABOUT OUR AIRDROP:
PARTICIPATE FOR A CHANCE TO WIN 1000yCLN (TO 5 RANDOM PARTICIPANTS).🍀
PARTICIPATION REQUIREMENTS:
1️⃣FOLLOW https://twitter.com/CycloneFinance
2️⃣RETWEET AIRDROP LINK
3️⃣TAG 5 FRIENDS + ADD GOVERNANCE LINK TO MAGNETITE VAULTS:https://gov.cyclonefinance.org/
4️⃣COMMENT YOUR BEP20 ADDRESS
5️⃣JOIN: https://t.me/cyclonefinanc3
🍀THE WINNERS WILL BE CHOSEN THROUGH RANDOM.ORG AND WILL BE ANNOUNCED IN OUR CHANNEL AND OUR COMMUNITY GROUP ON 11.03.21 AT 22:00 UTC🍀
➡️TWITTER AIRDROP LINK:⬅️
https://twitter.com/CycloneFinance/status/1377011428020912134
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📌 SITE: https://cyclonefinance.org ✅
📌 GOV: https://gov.cyclonefinance.org ✅
📌 APP: https://app.cyclonefinance.org ✅
📌 TG : https://t.me/cyclonefinanc3 ✅
📌 TWITTER:https://twitter.com/CycloneFinance ✅
