Dec 8, 2021
Le Cougar Clique: An Overview
Under the hood of these crafty cats, incentive mechanisms are at play designed so that Cougar holders become stakeholders in the Cyclos ecosystem.
tl:dr
· The Cougar mint will be held on December 9th, 12PM UTC (the mint link will be on Twitter and Discord at 12PM UTC)
· All sale proceeds go to bootstrapping liquidity pools on Cyclos and grants for projects to build on top of the platform
· 25% of CycloSwap fees and 15% of royalties go to buy and burn Cougars
· 100,000 CYS tokens (0.1% of total supply, from originally earmarked for marketing) will be used over the course of 1 year to contribute to the Cougar Cull, or around 2000 CYS per week
Overview
Le Cougar Clique is the first NFT collection with in-built mechanics tied to a DeFi platform- Cyclos.
As Cyclos approaches mainnet launch and looks to quickly scale the number of projects directly integrated on top of our concentrated liquidity protocol, we’ve investigated various community-centric ways to help scale our ecosystem. Every project faces questions in regards to practical issues like:
・how do we scale our user base?
・how do we bootstrap liquidity?
・how do we incentivize other talented teams to build on top of our product?
Our team have turned to the power of NFTs to help address these questions. All hype aside, NFTs are a valuable tool to make holders feel they belong to a community. However, we see few examples of existing projects in the DeFi space taking full advantage of this power to build community and scale their product.
Enter Le Cougar Clique
Le Cougar Clique is the first NFT to create a bridge between the NFT world and DeFi. We have accomplished this with the following:
・25% of CycloSwap fees and 15% of royalty fees go toward a buy and burn of the floor (currently set on weekly basis- this will be conducted manually first, and automated later)
・25% of royalty fees are used to buy CYS token from the market and lock in our CYS-USDC pools, where they will remain.
・10% of royalty fees will contribute to grants for projects building on top of Cyclos
・25% of royalty fees will go to the Cougar Den DAO treasury
・The remaining 25% will be split accordingly: 15% to our partner project Solatars, and 10% to our other marketing partners who will continue to spread the word about Cyclos & Le Cougar Clique.
・Projects which receive grants from Le Cougar Clique will airdrop a portion of their token supply to Cougar holders.
The Design
Cougarnomics is designed to create a virtuous cycle of value add for both Cougars and CYS token holders. Cougar holders are incentivized to use CycloSwap themselves, and encourage others to do so, because fees from the swap contribute to deflating the number of Cougars on the market and supporting the price floor. In other words, revenue from CycloSwap benefits Cougar holders.
Further, the more Cougars are traded, the more CYS token is purchased from the market and locked in liquidity pools, to the benefit of CYS holders. This has two desirous effects:
1. Creating market demand for $CYS tokens
2. Supplying liquidity to Cyclos’ pools actively serves to help bootstrap the core product and support a growing user base.
The Mint
The Mint of Le Cougar Clique will begin on December 9th, at 12:00PM UTC. The link to the mint will be made available on the Le Cougar Clique Discord and Twitter at 12PM UTC. Participants who have completed the whitelist will have access to the mint for 30 minutes before 12PM UTC. They will receive a link in the Cougar OG channel on Discord shortly before.
Following the close of the mint, any unsold Cougars will be burned.
For detailed instructions on how to participate in the mint, please click here: Le Cougar Clique Mint Guide
