All your bears are belong to us

Introducing Cygnus — an innovative decentralized stablecoin lending and leveraged farming protocol for Liquidity Providers on Ethereum.

We are dedicated in bringing a protocol which is ground-breaking, blazing fast and highly capital efficient with a strong focus on simplicity for all users.

What is Cygnus? 🛸

Cygnus is a stablecoin lending and leveraged farming protocol designed to maximize profitability for Liquidity Providers and enhance stablecoin returns on Ethereum.

Cygnus consists of Lenders and Borrowers acting in individualized lending pools. Lenders can deposit their stablecoins in any pool which is connected to a specific pool in any DEX, allowing only users with the LP Token of that pool alone to borrow their stablecoin deposits. Liquidity Providers are then able use their LP Token as collateral to borrow stablecoins from that pool up to 8x their LP Token value.

Cygnus then automatically converts the stablecoin loan for the underlying LP Token’s assets to create more LP Tokens and adds original LP Token collateral PLUS the new LP Token bought from the loan! This is completely different to other platforms which require you lock up your tokens or LP Tokens to access more collateral. With Cygnus, the collateral becomes active.

By increasing their position in the pool, the borrower’s earnings become enhanced due to earning more from trading fees and from liquidity mining rewards. In exchange for the under-collateralized loan, they compensate the lenders with a share of the yield while repaying the loan in the stablecoin denomination. Cygnus then autocompounds the remaining yield to create more LP Tokens and increasing the LP Farmers position.

The best part? Since Cygnus owns the loan, it completely automates the process of self-repayment and auto-compounding for borrowers, letting borrowers chill while the constellation of our smart contracts performs the rest.

What problems are you trying to solve? 🔮

The problems we want to solve with Cygnus are simple:

• Maximize profits for LPs by leveraging their positions.

• Increase APY for Stablecoin holders.

• Unlock inefficient collateral in DeFi through under-collateralized loans.

All this while no increase in risk exposure for neither lenders nor borrowers compared to other (generally over-collateralized) lending platforms. We are redefining the way lending and borrowing are being done in DeFi while bringing a simple yet elegant user experience to all users.

Simplicity is a core feature of our protocol. The whole core team of Cygnus subscribes to the KISS philosophy and we have spent the last few months designing and implementing a protocol which subscribes to this notion. Also, we aspire to apply this philosophy during all our communications and discussions going forward. We are not interested in polluting the DeFi space with more meaningless jargon, nonsensical ego-stroking discussions or foolish and outlandish claims, and we assume most of you aren’t either.

So stay with us if you want to be part of this amazing journey! After many months of development and hard work, we are nearing the end to bring a ground-breaking product to Ethereum which redefines the lending and borrowing markets in all of DeFi.

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Cygnus Community

Come and say hi to our community! Follow us on Twitter for more announcements. We will soon include Telegram and Discord once we launch.

🐦 Twitter: twitter.com/CygnusDAO

👾 Discord: https://discord.gg/CygnusDAO

✍ Blog: medium.com/@CygnusDAO

🌐 Website: cygnusdao.finance