PURE_DEFI_FREEDOM.EXE t.me/cyclofinance
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- Following 16
- Followers 1,607
- Likes 199
Something new is emerging on @FlareNetworks.
A new leverage primitive rethought from first principles.
No governance.
No admin keys.
No liquidations.
Just a simple, immutable smart contract, powered by the FTSO.
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Cyclo is live on @FlareNetworks!🌀
Instead of following the traditional DeFi pattern of lending pools and liquidations, Cyclo creates tokenised leverage through a simple primitive: lock sFLR and mint cysFLR, a token that trades between $0 and $1.
How does it work?👇
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Things are changing in DeFi on Flare.
More than copy/paste protocols.
More than forks of forks.
True innovation takes time, but it's worth the wait.
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A new collateral token is imminent for Cyclo on @FlareNetworks - can you guess what it is?
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Cyclo is growing! The protocol has now surpassed the $200k TVL mark, with 110k cysFLR being held eligible for rewards.
We also have to shout out the @FlareNetworks community for being so supportive, thank you @XRP_FLR_SGB @hudspeth776761 @Danrocky @FreediverCrypto
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Cyclo is expanding! 🚀
WETH collateral is now live on @cyclofinance, bringing liquidation-free leverage to ETH holders on @FlareNetworks.
Bridge your ETH via @StargateFinance to get started!
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New year, new you, new rewards 🌀
Excited to announce the Cyclo Rewards Program! Starting Jan 2, 2025, 1M rFLR will be distributed monthly to eligible cysFLR holders as part of the @FlareNetworks DeFi Emissions Program
Here's everything you need to know 👇
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LOVE THIS
From @FlareNetworks to fiat to checkout. No banks, no wait times—just crypto working as it should. This is what seamless DeFi looks like. Would you believe me if I told you it actually took less time to swap FLR than it did to pick a size 😅 @cyclofinance #DeFi #FLR #Flarenetwork
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Cyclo is now at $500k TVL!
If you haven’t already, now is a great time to learn about non-liquidating leverage 🌀
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48 hrs since rewards were announced, we’ve seen amazing uptake from the community:
- cysFLR supply is 145k
- estimated rewards APY is 945%
- cysFLR sitting at 67c (very solid leverage!)
(Remember, not financial advice + numbers on the dash including the APY are indicative only)
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It's official, Cyclo is launching in 7 days.
What is Cyclo? A new approach to leverage, built on @FlareNetworks using the FTSO.
Curious? Follow over the next week to learn more, or dive deep in the docs right now on cyclo.finance.
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We know all of you have been working to wrap your head around Cyclo. Maybe you've even tried experimenting a little with the protocol!
One way to better understand Cyclo is to compare it to traditional DeFi lending protocols.
Thread! 🧵
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How leverage usually works in DeFi:
1. Deposit collateral
2. Borrow assets
3. Hope price stays above liquidation point
4. Get liquidated if it doesn't
Simple but nerve-wracking.
We're trying something different on @FlareNetworks.
Could we do lending with no liquidations?
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we're still here! letting things settle down with the two cy tokens, but announcing some cool new stuff soon
review period for the march rewards has just ended, so we'll be distributing ASAP
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Cyclo officially launches on @FlareNetworks Tuesday 17th @ 10am UTC
What can you do to prepare?
- Get your @SceptreLS sFLR ready
- Join the Cyclo Telegram t.me/cyclofinance
- Read all about how Cyclo works at cyclo.finance
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Cyclo has just hit $50k TVL!
Also, to reiterate the PSA on the livestream earlier, the pool liquidity is low for now so trying to take large positions at a time won’t work. As the dust settles the pool will scale up - this is a long term public good so, no need to rush.
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The first Cyclo rewards epoch data is ready! This epoch landed at ~450% APY at current cysFLR prices 🔥
Read on for what happens next - but first, a quick recap of how rewards work, since we're distributing another 1M rFLR next month:
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Imagine getting leverage while your @SceptreLS sFLR keeps earning. What would you do with the extra capital on @FlareNetworks?
- Trade market moves 📈
- Build bigger positions💰
- Capture opportunities 💸
- Stack more FLR 🔥
No liquidations. Your sFLR stays safe.
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Thanks @ksw54548 and @XRP_FLR_SGB for putting this together! The Flare community are 🔥
@ksw54548 and @XRP_FLR_SGB I.O.W - A CAT and a BULL talk about CYCLO and give our take on this superb #Flarenetwork related platform! @cyclofinance @SceptreLS @FlareNetworks @CommunityFlare #cysFLR #SFLR #FLR cyclo.finance #FLRCommunity
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extremely bullish
Goated use case of FLR and @FlareNetworks dapps.
Here's what Sarah does:
1. Mints sFLR with FLR on @SceptreLS
2. Locks sFLR in @cyclofinance to mint cysFLR (liquidation free!)
3. Sells cysFLR for even more FLR on @SparkDexAI
4. Offramps FLR to her @cryptocom account
5. Uses the crypto to fiat card in-store to shop
Bullish ☀️
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Cyclo launches in 2 days on @FlareNetworks!
Here's four potential ways to use it (NFA*):
1. Leverage up without liquidation risk
2. Loop to build larger sFLR positions
3. Trade the natural cycles of leverage demand
4. Make markets for cysFLR in both directions
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Leverage on Flare, but not as you know it.
✓ Unique primitive
✓ Powered by FTSO
✓ Only possible on @FlareNetworks
Soon.
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Cyclo rewards update!
We've found evidence of users minting cysFLR and selling to themselves on a different wallet to qualify for rewards.
To be clear - this is against the rules - any addresses we identify doing this will be permanently excluded from rewards.
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cyTRUMP?
🔥 $TRUMP is making waves!
Flare Foundation is adding the TRUMP/USD feed to FTSO on Flare mainnet.
Anchor and block latency feed inclusion begins tomorrow.
Once live, this feed opens the door for potential integration into @FlareNetworks dApps.
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Excited for Cyclo to be a part of the Flare Fair!
Funnily enough Cyclo does sound like a pretty awesome fairground ride.
Experience the fair by following the link below 👇
Why Flare Fair?
You can earn rFLR from a 510M FLR pool & more.
And to us, it's a new chapter in finding the Flare voice and the first step in our grand plan for global adoption.
For the first time, all of Flare's top DeFi dApps @StargateFinance @SparkDexAI @Kinetic_Markets @enosys_global @blazeswapdex @cyclofinance @ClearpoolFin @SceptreLS, opportunities, and rewards are consolidated in one place, making it easier than ever to explore, participate, and earn.
We're not stopping there — new partnerships, fresh incentives, deeper integrations, and more ways to engage are coming. We're here to onboard more users and create momentum for the ecosystem.
Building this doesn't distract us; our engineers remain 100% focused on realizing @FlareNetworks' vision, powering new use cases with high-integrity data ☀️
If you're as excited as we are about Flare scaling its impact, dive in. Believe in something.
Take a ride: fair.flare.network
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Your @sceptreLS sFLR is powerful.
But what if it could do more?
........
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Important update on Cyclo rewards!
Starting from March, we're evolving our rewards distribution to accelerate growth across the ecosystem. Here's what's changing... 🧵
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We know getting used to a new protocol can be daunting, so over this week we'll be diving into different roles people may play in the ecosystem.
Todays role: THE LEVERAGER 🧵
(note: this is not finanical advice - these are simply descriptions of how people MAY use Cyclo)
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Cyclo is launching very soon - would you like to be an alpha tester?
To express interest join our telegram community t.me/cyclofinance
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cyclo holds ~3% of sFLR supply, which means most people still aren’t using the liquid part of liquid staking!
Got $sFLR? We've got places for you to use it! Our updated guide now includes @cyclofinance and @XDFiProtocol. If you’re new to liquid staking and want to explore ways to earn additional yield, this guide is for you 👇
sceptre.fi/post/where-can-yo…
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This was fun! Thanks @Warlock_NKey for a good time 🌀
🎙Connecting with Kinetic 19 is LIVE☀
In this episode, @Warlock_NKey speaks with Dave and Josh from @cyclofinance!
They talk about non-liquidating leverage, anime arbitrage, and the future of Cyclo!
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The February rewards epoch is over, March's epoch started March 3rd 00:00 UTC.
As with last month, we'll be sharing a CSV with all rewards and will give the community time to review and let us know if anything is wrong. Stay tuned for that.
Plus, reminder! We've tweaked the rewards to boost lower supply cy tokens (currently cyWETH).
Please check out the rewards page for the up-to-date estimated APYs, but remember - these are estimates only and the final rewards will be calculated using two random snapshots during the month.
If you have questions, please ask here or join us in Telegram :)
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This week we're exploring the different roles in the Cyclo ecosystem. Today's role is
THE LOOPER 🧵
*Not financial advice, this is simply how someone may choose to use Cyclo
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live with Flare Fair Flare Factor special!
The Flare Factor - Flare Fair Special nitter.app/i/broadcasts/1YqxooNby…
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And for our final ecosystem role:
THE MARKET MAKER 📈
...provides liquidity for cysFLR trading. What makes this role unique? cysFLR's bounded price range means more predictable market making conditions.
(Not financial advice!)
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another AMA tomorrow - pls come with your spiciest questions. make us sweat
Flare Fair Quest is live! In just 2 days:
• Reached 10K limit with @StargateFinance bridging task
• 20K+ participation across @Kinetic_Markets @SparkDexAI
• 10K+ visited @ClearpoolFin @cyclofinance @blazeswapdex @enosys_global @sceptreLS at Fun Zones
What’s happening?
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Loving these series 💪
Put your $ FLR to work series.
piped.video/watch?v=zy6o4t…
I want to participate with doge but I don't necessarily want to sell anything to buy it. So I went to @cyclofinance and leveraged some $sFLR, sold $cysFLR for some usdc and then bought doge with it.
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hehe thanks - Make Defi Fun Again
Congratz having the most fun intro on fair.flare.network @cyclofinance piped.video/W60vgW_mozg?si=2-ay… via @YouTube
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This will be a big one!
This is a big one: the next Flare Factor will be all about The Flare Fair! Oh, and take a look at the absolutely stacked guest panel we assembled to tell you all about it:
@maxluck95 from @flarenetworks ☀️
@highonopium from @cyclofinance ☀️
@0xAnna0 from @SparkDEXAI ☀️
@Warlock_NKey from @Kinetic_Markets ☀️
Gustas from @StargateFinance ✴️
Join us as well next Tuesday at 15:30 UTC to learn everything there is to know about The Flare Fair and how to maximize your rewards during the biggest event ever on @flarenetworks!
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Nearly 1% of sFLR in Cyclo and things are just getting started 🙂
Exciting growth for @cyclofinance!
Just weeks after launch, the protocol has already attracted close to 7M $sFLR tokens, used to mint $cysFLR!
If you want to give Cyclo a try, this is the best time to get $sFLR since staking on @SceptreLS is free until Sunday at 12:00 UTC.
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Congrats @FreediverCrypto - what are you going to buy next with leverage?
Next, we have @FreediverCrypto, who shared a very interesting DeFi leverage flow on how to go from the Flare blockchain to tangible goods using @cyclofinance.
Nice presentation! Quick and to the point, showing how you can dive into an innovative dapp right away!
nitter.app/FreediverCrypto/status…
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Today, meet another player in the Cyclo ecosystem:
THE SPECULATOR 📊
*Not financial advice, this is simply how someone may choose to use Cyclo
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absolutely dominating the apys
.@flaremetrics website updated to now include @enosys_global, @cyclofinance & @ClearpoolFin estimated APYs for $rFLR incentivised liquidity pools!
flaremetrics.io/defi
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Rewards for the Feb epoch have been calculated and can be reviewed by the community here:
github.com/cyclofinance/cycl…
On Monday this will be finalised and rewards will be distributed!
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The core idea is simple:
1. Lock your sFLR to mint cysFLR tokens and some receipts
2. Trade them freely
3. When you want to unwind your position, burn the same number of cysFLR and your receipts to unlock your original sFLR
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awesome 🐳
In this video, we go from newbie to full DeFi degen. We'll cover how to bridge $USDC using @StargateFinance, swap for $SFLR on @SparkDexAI, mint on @cyclofinance, and enter a single-sided liquidity pool. I'm not recommending you copy what I'm doing; this is just to show you how to do this different steps. I bought $SFLR because staking on @SceptreLS currently costs 4.4%; otherwise, I would stake with them and proceed. Check out fair.flare.network for more opportunities on @FlareNetworks.
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5 minutes 🚀
We are only 2 hours away from the biggest Flare Factor ever!
Here’s the all-star panel joining us to discuss The Flair Fair:
@maxluck95 from @flarenetworks ☀️
@highonopium from @cyclofinance ☀️
@0xAnna0 from @SparkDEXAI ☀️
@Warlock_NKey from @Kinetic_Markets ☀️
Gustas from @StargateFinance ✴️
Join us as well at 15:30 UTC here on X to learn how to maximize rewards on The Flare Fair! If you have any Flare Fair related questions for our guests, leave them on Discord and we’ll go over them live: discord.com/channels/1252234…
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UPDATE: a rewards recipient used the review period to contact us and dispute a penalty they had received as part of the bounty program.
We reviewed onchain activity and determined that yes, they had been penalised in error. 👇
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There is an **estimated** APY based on the current state at cyclo.finance/rewards
Just be aware this is indicative only, the final rewards will be according to the calculations here: cyclo.finance/docs/rflr-ince…
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We've built a dashboard at cyclo.finance/rewards where you can see your your current eligible balance, your transfers, plus see an estimated APY.
Important: the numbers are indicative only! Final distributions will depend on balances at the time of the snapshots.
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Actually the rate for cyWETH is currently estimated at 462% :)
of course not financial advice! remember all rewards are estimated the final values depend on the snapshots at the end of the epoch
The highest reward rate on The Flare Fair belongs to @cyclofinance, currently at ~149.5865% APY! To participate in this $rFLR distribution, you must swap for cysFLR on @SparkDEXAI, @blazeswapdex or raindex and hold the token. This is not financial advice.
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do you want a @Kinetic_Markets cyJOULE token?
73%
Yes!!
27%
Nooooo
89 votes • Final results
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Excited to learn more??
Don't forget to join us today with @SceptreLS for the Flare Factor, where we'll be doing explainers and a live demo.
We are now taking questions for tomorrow’s Flare Factor Q&A session!
If you’re as excited as us for @cyclofinance, you must have a ton of questions for @highonhopium! Leave them on our Discord and we’ll go over them live: discord.com/channels/1252234…
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this is steve. be like steve.
🧵 If you're into crypto or thinking about getting in, here's why @FlareNetworks should be on your radar. Let's explore something mind-blowing.
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Yup!
PURE_DEFI_FREEDOM
100% of the participants on @cyclofinance are on a level playing field. There is no team supply. You create⚡️and burn🔥 the supply as you lock🔒 and unlock🔑 #sFLR.
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Meet cysFLR:
A new token, fully backed by locked sFLR collateral, cysFLR's value is tied to market demand.
Our hypothesis is that cysFLR will have naturally cyclic price movements as the demand for leverage grows and shrinks.
cysFLR can be traded on Raindex and SparkDEX.
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The program aims to strengthen Cyclo's core mechanic.
Rewards are distributed based on two random monthly snapshots, with allocations proportional to your average eligible cysFLR holdings.
💎 To be eligible, acquire cysFLR from:
- @rainprotocol
- @SparkDexAI
- @blazeswapdex
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DeFi innovation isn't always about better/worse - sometimes it's about different approaches to the same problem. Remember, this is not financial advice, do your own research and if you do choose to experiment, always a good idea to start small!
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And if you just want to jump in right now:
Head to cyclo.finance to get started
Join the Telegram for support and to hang out t.me/cyclofinance
Everything is open-source on Github github.com/cyclofinance
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Launch day space! Come hang out, learn how Cyclo works and ask your questions.
The Flare Factor returns next Tuesday with @highonhopium to unveil the next big thing in @flarenetworks: @cyclofinance. Tune in to learn more about this project by the team behind @rainprotocol with your very own $sFLR at its core!
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How safe is it?
- Your sFLR can never be liquidated
- No admin keys to upgrade contracts
- No DAO controlling parameters
- Cyclo was audited by @protofire
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How can you use it? We imagine four archetypes that correspond to roles in the ecosystem:
- The Leverager
- The Looper
- The Speculator
- The Market Maker
This week we'll be exploring all four!
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And if you want to get leverage to take a position without risk of liquidation, you know where to come 😉🌀
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💸
I just leveraged some flr using @cyclofinance and bought myself a new remote for my drone. 🐳
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Cyclo approaches leverage differently:
When you deposit $100 of sFLR, you receive 100 cysFLR tokens. These tokens trade at market price. If cysFLR is trading at $0.70, you would:
- Deposit $100 of sFLR
- Receive 100 cysFLR
- Sell cysFLR at $0.70 for $70
=> Total position : $170
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This kicks in from the March epoch.
REMEMBER: only cy* tokens acquired through approved sources count towards eligible supply.
And as always, stay safe and DYOR!
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The big difference? Your sFLR stays locked until you choose to unlock it by buying and burning cysFLR. No borrowing means no lenders to protect, which means no need for liquidations. Everything is handled by the market (this is why we could call Cyclo "tokenized leverage")
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This is the protocol we always wanted, so we built it and now we get to use it. In other words, we make money on it the same way you do! And before you ask - once deployed it’s an immutable public good, we don’t have any control over it.
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With that comparison, we could think about the trade-offs:
- Traditional: Clear rules, predictable costs, but forced liquidations to protect lenders
- Cyclo: No liquidations because no lending, but exit cost depends on market
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Cyclo lets you split your sFLR into two parts:
1. cysFLR tokens (1 cysFLR per $1 of sFLR value locked)
2. Receipt tokens guaranteeing you can unlock your sFLR by returning the same number of cysFLR
Sell or trade cysFLR and make extra $$. Unlock anytime by buying back cysFLR.
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For example, a position at 50% LTV would look like:
- Deposit $100 of sFLR
- Borrow $50
=> Total position value: $150
And of course, you are charged interest. As your position accrues interest, your borrow amount increases, lowering your LTV ratio.
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Why reward buying & holding? By encouraging sustainable holding, we create a positive cycle:
- New participants drive organic deleveraging
- More diverse market activity improves price discovery
- Natural trading volume powers AMM fees
- Positions spread across more participants
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Your eligible balance is simple:
Net eligible = Transfers in (from approved sources) - Transfers out
Remember: snapshot times are random & unannounced. Consistent holding is key to maximizing your rewards!
Using a dedicated wallet is recommended for simplicity.
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Yup!
☀️@FlareNetworks (#FLR)
+ @SceptreLS (#sFLR)
+ @cyclofinance (#cysFLR)
= #DeFi lending.
You can now for the first time borrow 100% of your liquidity with no fear of a counterparty risk or liquidation. Self-Custody.
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Trad lending platforms like @Kinetic_Markets or @aave use a collateral system - deposit collateral, then borrow against it.
These protocols maintain stability via liquidations. If your loan to value (LTV) ratio drops below some level, you're at risk of being liquidated.
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Small but crucial mistake at the end - if you deposited 300 sFLR to get 10 cysFLR, later you would burn 10 cysFLR to get 300 sFLR. That’s what we mean by 1:1 🙂
On the latest Flare Factor, we welcomed @cyclofinance to @FlareNetworks! @highonhopium showcased their new protocol, highlighting its user-friendliness. Here's Josh explaining Cyclo's ease of use in a few words:
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Remember: all your eligible cysFLR holdings continue to count for the next epoch's rewards - keep holding to keep earning!
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Why not LP rewards?
LPs already get great returns from high trading volume and fees. Plus, with 19% of all cysFLR in a single SparkDEX pool, there's no need to further incentivize liquidity right now.
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In that case, what is the cost? In place of interest, it's difference between what you sell cysFLR for and what you buy it back for:
Rise to $0.80 = more expensive exit
Fall to $0.60 = cheaper exit (if we're comparing it to interest, this would be "negative interest")
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Great but @highonhopium made a mistake in the example - you don’t get back 10 sFLR at the end, you get 300!
If you deposited 300 sFLR to get 10 cysFLR, later you would burn 10 cysFLR to get 300 sFLR. That’s what we mean by 1:1 🙂
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Why reward holding and not minting?
Simple: Cyclo grows when people sell minted cysFLR to leverage assets. Rewarding minting would create artificial supply without supporting critical secondary market activity.
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So what happens next?
You can find the distribution CSV here: github.com/cyclofinance/cycl…
If there are no issues reported in the data we'll finalise everything, in ~1 week. Please check to see that your address is included as expected.
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This also means that if you self-report, you'll get 10% of the rewards. Honesty pays!
If you have been caught by someone else, you simply won't receive the distribution, and everyone else will receive more.
If you have questions, pls join the Telegram t.me/cyclofinance
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Yes, always be aware of the risks, you can read more here:
cyclo.finance/docs/counterpa…
We know you are all very excited about @cyclofinance, but it’s vital to be aware of the risks associated with using the latest protocol on @flarenetworks. @highonhopium made a good summary of what you should be aware of when using Cyclo:
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How it works!
If we have two tokens:
cyA: 1M eligible supply
cyB: 2M eligible supply
cyA holders will share 2/3 of rewards
cyB holders will share 1/3 of rewards
So you can see, the smaller the eligible supply, the greater the % of the rewards pool you'll get.
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To incentivise the community to help with this, we've created a bounty program.
If you find evidence of a wallet gaming rewards, you can submit it here: forms.gle/VU9DU5bS7xJNU23b7
- The first valid report submitted gets 10% of their rewards
- The other 90% goes to the reward pool
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Updated rewards are here: github.com/cyclofinance/cycl…
And the updated APY is ~337% at current prices.
Unless there are any other disputes, this will be finalised on Friday!
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Already holding eligible cysFLR? You're good to go - all existing eligible holdings count toward the first rewards period.
For more info, see cyclo.finance/docs/rflr-ince…
For other questions, respond here or come chat in the Telegram group t.me/cyclofinance
Have fun!
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