Cyclos is the AMM for concentrated liquidity on. Solatars has partnered with Cyclos to create Le Cougar Clique. This unique NFT drop, tied to CycloSwap DeFi, will be available to customers.

Le Cougar Clique connects NFTs to DeFi through a “culling” mechanic that deflates the NFT supply to increase their scarcity. Cougarnomics’ deflation mechanism relies on CycloSwap platform income to consume the Cougars in existence. After the mint event, 25% of CycloSwap platform fees and 15% of Cougar sale royalties will be used every two weeks to “cull” the weakest Cougars. NFTs can be bought back from the marketplace and then destroyed by the platform, decreasing the number of Cougars.

Cougars have a liquidity connection. Cougar royalties are used for 25% to buy CYS and place it in liquidity pools. This gives the Cougar Clique DAO agency control of a significant portion of the CYS token stock.

Le Cougar Clique NFTs (Le Cougar Clique NFTs) will be distributed in an initial batch of 10,000 Cougars. All Cougars were hand drawn by Solatars. Through a minting competition held online at cyclos.io, the release of Le Cougar Clique NFTs is scheduled for December.

Cyclos is Solana’s first automated liquidity concentrated market maker. Utilizing this powerful concept pioneered by V3, Cyclos can support any type of pair from basic stablecoin-to-stablecoin swaps to highly exotic tokens. CycloSwap is based on the highly-scalable Solana Platform, which allows liquidity providers to fine tune their positions. This makes it much easier and cheaper than Uniswap V3.

“By linking the supply of Cougars with Cyclos, our aim is to create a virtuous cycle between the two products and their communities,”
says Jason O’Brian, co-founder of Cyclos.

“As the Cyclos ecosystem continues to expand, so too will the utility cases for the Cougars. 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.”

Continue reading on DailyCoin