$cysFLR
liquid staking token
Cyclo Liquid Staking Token for FLR ÔÇö $cysFLR
$cysFLR is the liquid staking token issued by Cyclo Finance on the Flare Network. When users stake native $FLR through the Cyclo protocol, they receive $cysFLR at a dynamic exchange rate that increases over time. This allows users to retain staking yield while unlocking the ability to use their staked assets in DeFi protocols, such as trading, lending, or providing liquidity.
Use Case: $cysFLR enables users to earn staking rewards on $FLR while simultaneously using their position in DeFi apps without needing to unstake.
Key Concepts:
- Liquid Staking ÔÇö Stake $FLR and receive a transferable token that accrues value over time.
- Yield Accrual ÔÇö $cysFLRÔÇÖs exchange rate increases as staking rewards accumulate.
- Flare Native ÔÇö Built directly on the Flare Network using its delegation infrastructure.
- DeFi Compatible ÔÇö $cysFLR is usable in DEXs, farms, and lending protocols across Flare.
- Instant Liquidity ÔÇö No need to wait for cooldown periods to access the value of staked FLR.
Summary: $cysFLR represents staked $FLR within the Cyclo Finance protocol. It grows in value over time as rewards are auto-compounded, and it allows users to maintain exposure to staking yield while using their capital freely across the Flare DeFi ecosystem.
| Feature | Details |
|---|---|
| Token Type | Liquid staking receipt token |
| Underlying Asset | Staked native $FLR |
| Network | Flare |
| Yield Mechanism | Auto-compounded staking rewards increase token value |
| Use Cases | DeFi, liquidity pools, lending, trading |