Hey everyone!


The yfCyclic presale started today and I wanted to give some info about what it is, why it fixes the issues other tokens such as yfBeta had and how it can actually reward everyone in the ecosystem!

First off, I fully respect the yfBeta community and see it as a fully legitimate project that deserves some respect, in no way am I trying to discredit it or anything like that. That being said, it had some brilliant ideas such as the Autonomous Money Pile, much of it though has been poorly implemented such as the buy and burn which was supposed to bring value to the token holder, unfortunately no valuye has yet to be brought to the token and farmers have been dumping their emission rewards like crazy. Sadly, this chased away a huge portion of the community. 

This is why I made yfCyclic. After brainstorming some of the issues faced in many YFI forks and communities, I determined that making set fees and ignoring entire portions of the community was what was holding back some of the popular protocols. That is why yfCyclic is cyclical in nature and rewards farmers, token holders, and even liquidity providers.

Right now there are three main vault cycles the protocol will see one of each week in the stable coin vaults. And yes, a vault cycle lasts a week. Currently there are 5 vaults being developed: USDT, USDC, DAI, CYCL(native token), and uniswap LP tokens.

-The first possible vault cycle (gold) right now aims to give farmers as high of a return as possible. They get APY and emissions, and in turn hopefully this encourages them to stake with us and we get a high TVL (total vault value locked).

-The second possible vault cycle (green) gives all the APY earned in the stable coin vaults to the token holders as USDT claimable dividends, while still giving emissions to the farmers.

-The third possible vault cycle (purple), gives half the weekly APY and 100% of the emissions to the farmers, and the other half is permanently held in the protocol and used to compound and pay out future dividends to token holders even after emissions have ended.

Since a vault cycle runs for one week there will be ~48 vault cycles in a year. If 1/3 of those are Green vault cycles (dividend rewarding) then that means token holders will receive 4 months out of an entire years worth of APY generated by the stable coin vaults as USDT dividends. 

Because the fee structure can easily be changed to reward any part of the community its easy to see how it may attract both farmers and token holders without relying on one or the other to create all the value in the ecosystem. On top of that, if a farmer holds their emission rewards they will technically still be earning APY through the dividends they claim even if its a green or purple vault cycle. The whitepaper includes all the fleshed out math and goes into further detail.

Anyways, just wanted to let you all know our presale is live: https://bounce.finance/join/swap/3636

Here are some important links:

Website: https://yfcyclic.finance/
Whitepaper: https://pdfhost.io/v/rRZWkr2yP_YFCYCLICWHITEPAPER_V1pdf.pdf

Telegram Announcement Channel: https://t.me/yfcyclic
Telegram discussion: https://t.me/yfcyclicdiscussion
Discord: https://discord.com/invite/NQ9xhAG
Twitter: https://twitter.com/YfCyclic
Etherscan: https://etherscan.io/address/0x69f08bd1929ef62ecbe947d6bf76a7b7cdba55e8