Cylum Finance: A Sustainable Auto-Staking, Compounding & Burning Protocol

in cym •  3 years ago  (edited)

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Introduction

There is an exposition you sought to attend but for some reason, you couldn't make it. However, from the comfort of your home, you connect your virtual reality headset and plug into the live show through a reality that appears as real as life. This world is called the Metaverse where you get to experience shows with simulations too good it gives you sensory feedback.

Due to the metaverse, different projects are getting to launch their brand in this space and also buy land there as well like Football, Entertainment, Fashion, Restaurants, etc.

The cylum launchpad aims to link individuals with significant qualifications to particular market potential. There are necessary steps for projects to succeed in the BTC market which cylum has put in place.

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The Long-term Plan of Cylum

Through cylum, holders are given the chance to aggregate their returns/contributions/investments to a great extent since the platform sets a percentage for daily automatic reward and 395,677% for compound annual yield. This APY; automatic protocol yield is massive hence, we will discuss how Cylum gets its resources to make the yield possible.

Utilizing the Decentralized Finance 3.0 Multiple Chain for the Cypher Wallet sporadic growth at 50% per year or more to boost Cylum cost floor.

Cylum will utilize the multi-stake through its Cylinder fund and Cypher fund unlike Titano has no profit generated with its stagnant RFV money. Several EVM blockchains are linked to Cypher fund due to its compatibilities like Polygon, Avalanche, Metis, Solana, and Fantom. These EVM blockchains will make farming at the most valuable APY farm possible then holders can reinvest their benefits in Cypher funds. Being alert for various yield-creating chances across chains and processes is what Cylum checks regularly. Besides letting the funds stay in BSC, they will get connected to Ethereum, Fantom, Avalanche, or other blockchains which have massive yield profit and impressive APYs. Cylum can create an extra 50% profit yearly and extra, to push the cost of Cylum floor. With this factor, Cylum believes projects with more APY than average can get support from their platform and still be financially assured.

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Protocol Owned Liquidity

This is another means of revenue generation. When this POL is used together with Cylum background technology, it results in a unique technique that allows Cylum creates extra means of income which yields additional value including APYH to cylum token holders. A percentage of 0.25 is paid to the liquidity provider by Pancakeswap for every transaction carried out.

10% Purchase and Sale Charges

Cylum protocol keeps 10% for the cost of buying and selling consecutively. This percent is used to boost the liquidity and sustainability of the Cylum protocol.

Extra sources of revenue

In addition to a lottery platform, extra mediums will be put in place by Cylum protocol as the platform increases and matures. Cylum has been dependent on the lottery system as its main source of revenue creation since its launch. It marked a grand beginning and the future is one with very high hopes. More information will be passed concerning its features, initiatives, and collaboration.

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Cylum Protocol Cylinder

This is a wallet used for storing BNB in significant amounts. It is a cold wallet whose cylinder assists in regulating the fall of the price which occurs due to the sale of tokens by holders to stabilize the price.

Investors are protected by the cylum cylinder via:

The reduction of downside risks greatly
Stabilizing the price of tokens to prevent flash crashes
Guaranteeing future growth and long-term stability.

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Conclusion

Cylum is an avenue whereby metaverse innovations keen to go into the marketplace get their entry point. Through this platform, ease and value is offered to all.

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USEFUL LINKS

Website: https://cylum.finance/
Telegram: https://t.me/cylumfinance
Twitter: https://twitter.com/cylumfinance
Github: https://github.com/cylumfinance
Medium: https://cylumfinance.medium.com/

AUTHORS DETAILS

Bitcointalk Username: Esty2281
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2737693
Proof of Authentication: https://bitcointalk.org/index.php?topic=5397406.msg60158663#msg60158663

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