• Cyclos and Solatars, two Solana-based platforms, have released Le Cougar Clique NFT Drop

  • The Cougar Clique is a one-of-a-kind hybrid DeFi/NFT protocol with a built-in deflationary mechanism known as Cougarnomics. As a result, its NFTs become increasingly scarce over time.

    Cyclos and Solatars have released Le Cougar Clique.

    According to a press release, Cyclos, a concentrated liquidity AMM on Solana (SOL), will release the Le Cougar Clique collection of non-fungible tokens with mainstream digital artists Solatars.

    Because of an unusual mechanism, “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.

    Tokens will be bought back from the market with these assets, reducing the total available supply of Cougars step by step.

    Fees raised from Cougars sales in CYS—the core native token of Cyclos DEX—will be partially reinvested in a number of purpose-built pools.

    Cyclos co-founder Jason O’Brian emphasizes the importance of the ongoing release for his DEX’s community-building strategy:

    Our goal is to create a virtuous cycle between the two products and their communities by connecting the supply of Cougars with the supply of Cyclos. As the Cyclos ecosystem grows, so will the utility cases for the Cougars. The goal of establishing the Cougar Den (the project’s DAO) is for the community to collaborate with the Cyclos team on developing future use cases.

    Solana will benefit from concentrated liquidity.

    Cougars NFT will be released in early December 2021 via a minting event on the Cyclos decentralized finance protocol’s official website.

    Cyclos bills itself as Solana’s first concentrated liquidity automated market-making engine. This revolutionary concept enables liquidity providers to trade on the red-hot Solana blockchain in a timely and resource-efficient manner.

    In addition, Cyclos intends to create liquidity pools for the broadest possible range of assets, ranging from “basic” stablecoin-to-stablecoin pairs to exotic low-cap cryptocurrencies.

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