CYG Token

The native token to govern the protocol across all chains.

Cygnus is a multi-chain asset, with the aim of deploying across the major EVMs first. The CYG token is a LayerZero OFT which allows it to be bridged effortlessly across all chains.

CygnusDAO (CYG)

There is a total supply of 40,000,000 CYG across all chains to be minted over a span of 6 years. As such, the token is distributed fairly across each chain in the following way:

Chain	CYG Amount	Deployed	Deploy Date
Arbitrum	5,000,000		16th November 2023
Base	5,000,000
BNB Chain	5,000,000
Ethereum Mainnet	5,000,000
Optimism	5,000,000
Polygon (PoS)	2,500,000		14th November 2023
Polygon (zkEVM)	7,500,000
Starknet	5,000,000
	40,000,000

The CYG Token consists of 156 epochs (~2 weeks per epoch) , with each epoch reducing emissions by 1% until it reaches its final cap on each chain. By the end of the 156 epochs, approximately 6 years have passed since the launch of the token.

Since the base function of the CYG token is to reward lenders and borrowers, most of the token supply is rewarded to both lenders and borrowers of the platform. The token is split across each chain equally in the following way:

4,250,000 Rewards

The only exception is Polygon, where we conducted an airdrop of 2% of the total supply on the 15th of July, 2023. https://twitter.com/CygnusDAO/status/1680148302371643392 - Polygon PoS also has a lower CYG allocation than other chains as we have allocated more to Polygon zkEVM since most protocols will be migrating there eventually.

Allocation on all Chains (except Polygon/zkEVM) is the following:

Allocation	Percentage	Total CYG
Team	5%	250,000
DAO	10%	500,000
Borrow/Lend Rewards	85%	4,250,000