English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 1 April 2022, 20:00 HKT/SGT
Share:
    

Source: Cylum Finance
Cylum Launches Highest APY Staking Reward in the Crypto Space

London, UK, Apr 1, 2022 - (ACN Newswire) - Cylum Finance, a DeFi 3.0 platform, has launched the highest APY staking reward in the crypto industry. Over the years, crypto investors and traders have staked their assets for relatively average returns. Although these investors earned interest on their staked crypto assets, there is huge room for improvement. Offering an increase in APY for staked assets will undoubtedly incentive more investors to enter the market.

The mission of the Cylum project is to give crypto investors a more profitable reason to stake their assets on its platform.

Cylum Highest APY Reward

Cylum offers up to 395,677% APY within the first year for investors who hold the $CYM token. Since the history of crypto staking, no project has offered investors such high returns on their investment. The unique smart contract that powers Cylum's APY leverages compound interest in its reward system. As a result, all investors earn rewards every minute of the day with Cylum. The team plans to increase the earnings of investors with the launch of the mainnet offering. The mainnet also has a multi-chain decentralized application (Dapp) developed to offer users more utility within the ecosystem.

Cylum Unique Features & Uses

  • Auto-Staking & Compounding

In most existing DeFi projects, token holders have to stake their crypto assets manually. With Cylum's auto-staking and compounding, it is entirely different. Every process is automated and designed to favor investors. By purchasing and holding these tokens, investors earn active rewards directly to their respective wallets.

After the annual compound interest of 395,677% within the first year, the APY will begin to decrease.

  • Automatic-Burn

To reduce the number of $CYM in total supply and drive up the value of each token, the team is looking to make $CYM a deflationary token. With auto-burn, the team will make the token more valuable as a result of the decrease in supply and increased demand. The auto-burn feature is an algorithm created to automatically eliminate 2% of the $CYM token total supply once it is launched.

About Cylum Finance

Cylum is a DeFi 3.0 project launched to revolutionize crypto staking and reward system. Skilled developers created it with unique code. The project operates an amazing set of mechanics that ensures the protocol remains sustainable. The team also incorporated additional unique features that confer a competitive advantage on the project. Crypto staking has become one of the top ways investors make money from the market. A great platform like Cylum is essential to attracting more players to this sector of the crypto market.

The Cylum protocol serves as a launchpad for metaverse projects deployed on the Binance Smart Chain (BSC). In addition, its cylinder insurance fund ensures it is low risk with high rewards for investors.

Social Media
GitHub: https://github.com/cylumfinance
Telegram: https://t.me/cylumfinance
Twitter: https://twitter.com/cylumfinance
YouTube: https://www.youtube.com/channel/UC5h7sQkZiqMLBTA0JIFx5wQ

Media contacts
Brand: Cylum Finance
Contact Person: Jennifer Rodgers, Marketing Manager
E-mail: support@cylum.io
Website: https://cylum.io
LinkedIn: https://www.linkedin.com/in/jenifer-rodgers-51a3383a/

SOURCE: Cylum Finance



Topic: Press release summary
Source: Cylum Finance


https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
ShareInvestor's 15th INVESTFair Goes Physical Again and Attracts Strong Response from Investors, Sponsors and Exhibitors  
Aug 17, 2022 15:00 HKT/SGT
The Economic Times Iconic Brands 2022  
Aug 17, 2022 11:44 HKT/SGT
Ching Lee Holdings (3728.HK) earns HK$1.54 billion of total contract values  
Aug 17, 2022 09:00 HKT/SGT
Paribus Announces New Development Updates  
Aug 17, 2022 07:35 HKT/SGT
Trintech Announces Latest Release of CadencyDirect to Drive Greater Efficiency and Control across the Financial Close Process for ServiceNow Customers  
Aug 16, 2022 23:00 HKT/SGT
Singapore embraces untapped potential of AI at Trescon's 36th global edition of World AI Show   
Aug 16, 2022 18:30 HKT/SGT
HKTDC and Huatai International launch strategic partnership  
Aug 16, 2022 18:00 HKT/SGT
Elite Partners continues acquisition spree with the purchase of a warehouse in Poland  
Aug 16, 2022 15:00 HKT/SGT
Bintai Kinden Appointed by South Korean Company to Market Piping and Fitting Products  
Aug 16, 2022 13:00 HKT/SGT
Sirnaomics Develops Peptide Docking Vehicle (PDoV(TM)) Designed for an Enhanced GalNAc Delivery Platform for Novel siRNA Therapeutics  
Aug 16, 2022 12:52 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575