Introducing the CyborgSwap Stablecoin Yield App: CYBORG STABLES
Hello Cyborgs! We hope you are withstanding the recent market conditions as best you can. We know it’s a tough time for much of our community and the whole crypto space currently. As always, we appreciate the support of our community and are always looking for ways to support you in return. This has caused us to investigate some options we could build for our ecosystem to become a place of refuge in these hard times. A shelter from bearish conditions through a focus on dependable stablecoins. The result of our efforts: a stablecoin yield and layer farming platform to provide safer returns, high aprs, and new features. This platform will be an expansion of our Cyborg ecosystem and known as Cyborg Stables.
To be clear, Cyborg Stables is not a new DEX, but a new Yield App, part of the CyborgSwap group: “CYBORG CORP.”. Liquidity forming and token trading can be performed on the Cyborg Stables platform, but is routed through CyborgSwap. Thus, you can trade or form LP on either site without any differences to use in the Farms and Vaults on the Cyborg Stables platform. This benefits our ecosystem by allowing the DEX platform to benefit from the trading fee revenue, prevents decreasing APRs on the DEX because the new LPs are used in the Stables platform, and boosts our ecosystem’s total TVL and more important, our Liquidity. And that’s not all because the Presale of the new Cyborg Stables token will be in CBO and we will burn all of the CBO raised which will obviously benefit the price action of CBO. Finally the biggest APR will be on the CBO LP farm, which will contribute to increasing the buying pressure on CBO and also benefit the price action. Therefore, our new Yield App will be a great benefit for CBO and for CyborgSwap Dex.
With the new platform, Cyborg Stables, comes a new token: The C-16. It will have a max capped supply of 10 million with a 3 month emission schedule. The tokenomics breakdown is as follows:
- 2% (200,000) Presale — Presale will be in CBO which will all be burned.
- 1.5% (150,000) Launchpad — Launchpad will be in CRO.
- 1.5% (150,000) Initial Liquidity.
- 2% (200,000) Marketing.
- 2% (200,000) Development.
- 1% (100,000) Team.
- 90% (9,000,000) Pools, Farms, and Vaults Rewards + Boosts.
Now you may ask why you should invest in C-16 and we believe there are some really strong reasons.
- The first reason is that obviously the highest APRs will be on the Farms and Pools using C-16.
- The second reason lies in the burn mechanics of which there are many.
1. Deposit fees on the non-native LP farms used to buyback and burn C-16.
2. Deposit fees on single staking stable pools used to buyback and burn C-16.
3. Performance fees on vaults used to buyback and burn C-16.
4. Early withdrawal fees on vaults used to buyback and burn C-16.
5. Part of the mint revenue from Cyborg Stables NFT collection used to buyback and burn C-16.
6. 100% of Cyborg Stables NFT royalties used to buyback and burn C-16.
7. Lottery system to be built and used to buyback and burn C-16.
All of these mechanisms added to the max capped supply of the C-16 will make it a very very deflationary token.
- The third reason lies at the end of the emissions. We will launch the ETH Cyborgs NFT collection only mintable through C-16. There will only be 50 NFTs available in the collection. Each ETH Cyborg will be backed by 1 ETH and mint price will be dependent on remaining C-16 supply. Holding C-16 could allow you to potentially earn cheaper ETH through minting the ETH Cyborg if enough C-16 has been burned.
- The last but not least reason for participating in C-16 is in the layer function. After about 1 month of C-16 emissions, the C-17 round begins which forms the next layer. The C-16/C-17 Farms will have the highest APR.
Not only will the platform have strong tokenomics and features, but also lots of options available. Here is the list of Pools, Farms, and Safes that will be opened. In addition, Farms and Pools will also have Vault options.
Highest APR Farms
1. C-16/CBO (Highest APR)
2. C-16/CRO
3. C-16/USDC
Regular Farms
1. USDC/USDT
2. USDC/TUSD
3. USDC/DAI
4. USDT/TUSD
5. USDT/DAI
6. TUSD/DAI
Single Staking Pools
1. C-16
2. CRO
3. WBTC
4. ETH
C-16 Safes to earn
1. USDC
2. USDT
3. TUSD
4. DAI
As you can see in this article, this new platform addition to our ecosystem will add a ton of new features, many safe stable options and some new opportunities for earning even in the most bearish of market conditions. The new Pools, Farms, Vaults, and NFTs with Layer Farming and Stablecoin priorities will provide a fresh innovation to our ever expanding features. We are implementing this new project in these times for the sole purpose of creating the refuge many of us look for when market corrections come.
Below is our current schedule layout and timeline for launch and implementation of features for Cyborg Stables. This is subject to adjustment and potential addition of new features over time.
1 - C-16 Presale May 17th, 2022
2 - C-16 Launchpad May 20th, 2022
3 - Cyborg Stables launch and opening May 23rd, 2022
4 - Single Staking non-native token Pools opening May 30th, 2022
5 - Vaults Opening June 6th, 2022
6 - Release Cyborg Stables NFT collection for Farm Boosting June 17th, 2022
7 - Release of Lottery mechanism to burn C-16 June 26th, 2022
8 - Release single staking C-16 Safes to earn stablecoins June 30th, 2022
9 - C-17 Presale start June 24th, 2022
10 - C-17 Presale end (if not completed before) June 26th, 2022
11 - C-17 LP Farms opening June 27th, 2022