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Cylum Cypher
The Cylum Cypher is critical to Cylum's multi chain protocol, It ensures Cylum's growth and sustainability. The Cypher is intended to support the Cylinder and to fund new Cylum goods, services, and projects that expand and strengthen the Cylum's use cases and economy. More crucially, the Cypher funds Cylum's marketing.
CYLUM Cypher is a unique wallet within the Cylum ecosystem. The Cyper wallet is funded by a percentage of the fees associated with buy and sell transactions in the ecosystem. In simple terms, the cypher parameter ensures that rewards are delivered every minute, ensuring that $Cylum holders receive a high and consistent interest rate. Nonetheless, the funds in this wallet are not static. Cylum will utilize Defi 3.0 Multichain protocol to exponentially grow the Cypher wallet in order to improve the price floor's sustainability.
The funds are then transferred to other EVM-compatible blockchains - such as Avalanche, Fantom, Solana, Metis, and Polygon - where they are used to farm at the highest APY farms, with the profit going to the cylinder fund. Thus, the cypher funds will grow exponentially each year, adding at least 50% to its value. The Cypher wallet will be used to purchase and burn $Cylum tokens when the supply of Cylum in the BUSD/CYM liquidity pair reaches or exceeds 50% of the total supply.
Last modified 1yr ago