The first DeFi Integrated NFT Collection on Solana. Le Cougar Clique is a partnership project by Cyclos and Solatars that expands the Cyclos ecosystem beyond the realm of purely DeFi-based products into the NFT space. By tying together the utility of Le Cougar Clique NFTs with the Cyclos platform, the team behind the project aims to explore innovative new use cases for NFTs in the DeFi market together with the Cougar Community.
Le Cougar Clique is deflationary by nature. 25% of CycloSwap platform fees for the first 3 months after the minting event will go toward a biweekly Cougar Cull (i.e. burn event). The more Cougar holders who utilize CycloSwap to swap tokens, the more Cougars will be culled, further decreasing the supply of Cougars in the wild. In addition, 15% of the royalty fees captured each time a Cougar is sold will also go toward the bi-weekly Cull.
To close the loop, a quarter of all royalty fees will be used during each cull to purchase CYS tokens and stake them in CYS liquidity pools for set period determined by the DAO, contributing to the liquidity of the token.
By linking the utility of the Cougar Clique and Cyclos, our aim is to foster a virtuous cycle between the two communities. As the Cyclos ecosystem continues to expand, so too will the utility cases for the Cougars. Our intent behind founding the Cougar Den (the DAO behind the project) is for the community to collaborate on developing further use cases as the project evolves.
Le Cougar Clique holders will also be eligible for future airdrops from our partner projects.
25% of royalty fees from the sale of each Cougar will be used to purchase CYS tokens (and a corresponding counter asset i.e. USDC) from the market, and lock them in a liquidity pool for a period of time determined by the DAO. Locking them in a liquidity pool serves, firstly, to deepen CYS liquidity, and, secondly, to effectively remove tokens from the market.