A batch of 10,000 cougars will be released as part of the CycloSwap DeFi platform mechanism
Le Cougar Clique is a unique hybrid DeFi/NFT protocol with built-in deflationary mechanism Cougarnomics. As such, its NFTs become scarcer 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.
Due to an eccentric mechanism being implemented, “Cougars” are deflationary by default: every two weeks, 25% of CycloSwap platform fees and 15% of Cougar sale royalties will be used to “cull” the “weakest” Cougars.
With these assets, the tokens will be repurchased in the market, so that the aggregate available supply of Cougars will be gradually reduced.
Partially, fees raised from Cougars sales in CYS—the core native token of Cyclos DEX—will be restaked in a number of purpose-made 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 with Cyclos, our aim is to create a virtuous cycle between the two products and their communities. As the Cyclos ecosystem continues to expand, utility cases for Cougars will also continue to expand. Our intent behind founding the Cougar Den (the DAO behind the project) will be for the community to collaborate on developing future use cases together 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 promotes itself as the first concentrated liquidity automated market-making engine on Solana. This revolutionary concept allows liquidity providers to enjoy fast and resource-efficient trading on Solana’s searing blockchain.
Also, Cyclos aims to create liquidity pools for the widest range of assets: starting from “basic” stablecoin-to-stablecoin pairs to exotic low-cap cryptocurrencies.
