Cycle Network｜A Scalable DA Network Evolved from CelestiaDA

Duration

In Progress

Task

Supported Chains

Project Details

Cycle Network is a trustless-omni distributed ledger that solves the problem of fragmentation between domains and enables easy deployment of Omni-chain dApps across various ecosystems.

It utilizes zkrollup and Polygon to provide a bridgeless integrated liquidity pool spanning multiple blockchain ecosystems (EVM-compatible chains, Bitcoin, etc.). This approach eliminates the need for traditional cross-chain bridges and enhances asset liquidity across heterogeneous blockchain ecosystems. By pooling liquidity from all chains into a single pool, Cycle Network aims to reduce cross-chain operating costs, lower transaction fees, and improve financing efficiency.

Testnets for EVM chains such as ETH, Scroll, ARB, Base, OP, OKC, and BSC have been launched, and testnets for non-EVM chains such as BTC and SOL are also underway.

A similar project is EntangliFi. Both Cycle Network and Entangle.fi aim to provide seamless cross-chain liquidity solutions, but Cycle Network leverages rollup mechanisms and chain abstraction, while Entangle.fi utilizes decentralized protocols for liquidity.

Official Documentation is here

Roadmap

Piggy Bank

Piggy Bank is an all-chain asset management platform that leverages Cycle Network to provide innovative asset management. Designed as a flagship product, Piggy Bank simplifies the use of blockchain and serves as a crypto asset management tool accessible to everyone.

Shared Liquidity Pool The integration of Piggy Bank and Cycle Liquidity Aggregator consolidates fragmented liquidity resources into a shared pool. This approach improves overall liquidity and capital efficiency, maximizes returns, and simplifies liquidity management.
Safe and Low Cost Provides Piggy Bank with a unified interface and protocol, streamlining blockchain operations and integration. The shared liquidity pool mitigates the risks associated with single-chain funding and minimizes the potential for fraud.

Airdrop Details

An airdrop campaign using Piggy Bank, developed by Cycle Network, and point awarding through social media activities are being conducted, and the awarded points will be exchanged for Cycle Network tokens in the future.

Airdrop Procedure Explanation

Procedure Summary

Access the site from here
Connect your wallet
Authenticate your Twitter account
Complete various additional activities

Procedure Explanation with Images

Access the site from here
Connect your wallet
Authenticate your Twitter account
Complete various additional activities

Disclaimer

・This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
・The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
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