Cyclo cysFLRPrice

(CYSFLR)

cysFLR is a tokenized representation of leveraged sFLR (Liquid Staked FLR) within the Cyclo protocol on the Flare Network. When you lock your sFLR into the protocol as collateral, you mint cysFLR at a 1:1 ratio based on the value of that collateral. It essentially allows users to access liquidity or increase their exposure while their underlying assets remain staked and earning rewards.

Unlike traditional lending platforms that use margin calls and forced liquidations when collateral value drops, Cyclo does not feature automated liquidations. Users do not face the risk of the protocol selling their assets during market volatility. The only way a user loses their collateral is if they voluntarily sell their cysFLR and are unable or choose not to repurchase it later to unlock their original sFLR.

When a user mints cysFLR, the protocol issues an ERC-1155 Receipt Token that records the specific value of the sFLR at the time it was locked. These tokens are critical for the redemption process. To reclaim your original collateral, you must burn both the cysFLR and the corresponding Receipt Tokens. This dual-token system ensures that the protocol accurately tracks each individual leverage position for a fair and precise exit.

Yes. A major benefit of the Cyclo protocol is that your locked sFLR continues to generate native Flare staking rewards and monthly FlareDrops. Additionally, holders of cysFLR—whether they minted it or purchased it on a trading platform—are eligible for rFLR (Reward FLR) distributions. These rewards are calculated based on average balances recorded during periodic snapshots, allowing for multiple layers of potential yield.

cysFLR is available on various trading platforms, including LBank and Flare-native decentralized exchanges. To exit a position and reclaim your sFLR, you must hold the necessary amount of cysFLR in your wallet. If you previously sold your cysFLR to gain liquidity, you must repurchase it from the market and combine it with your Receipt Tokens to complete the burning process and unlock your collateral.

The protocol has been professionally audited by FYEO to ensure the security of its smart contracts. For price accuracy, it relies on the Flare Time Series Oracle (FTSO). Because the FTSO is integrated directly into the network layer, it is considered highly secure and resistant to the price manipulation attacks that can affect other decentralized finance protocols, providing a stable foundation for the cysFLR ecosystem.