Overview of Cyclic Protocol

Cyclic Protocol is a decentralized lending protocol that focuses on providing users with efficient and secure liquidity management solutions. The protocol allows users to obtain funds through collateralized liquidity tokens (LP) and other tokens, and automates fund management and asset repayment through smart contracts. The protocol uses smart contract lending pools as core components, which are responsible for evaluating the value of users' collateral assets and providing corresponding loan amounts based on market conditions. Users can borrow and lend directly through Cyclic Protocol without trusting a third party.

Cyclic Protocol has an automatic liquidation mechanism to ensure the healthy operation of the lending pool, and implements decentralized governance of the protocol through the community governance token CYC. Users holding CYC can participate in important decisions such as protocol improvements and fee adjustments to promote the long-term sustainable development of the protocol.