Cyclo Review: What to Know Before Using Its Leverage Protocol
Cyclo is a Flare protocol for creating leveraged, tradable tokens against locked collateral. The core idea is clear, but there is too little published detail here to assess its costs, audits or safe-use process.
By the SkyBitcoins review team · Updated
At a glance
Cyclo key facts
| Type | Flare derivatives protocol |
|---|---|
| Model | Lock collateral and mint tradable tokens |
| Chain | Flare |
| Audits | Two listed; details are not identified |
| Value locked | $152K−4.0% 7d |
| Updated |
Cyclo FAQs
What is Cyclo Finance?
Cyclo is a derivatives protocol on Flare. Its described model lets users lock collateral and mint tradable tokens to gain leverage, rather than borrowing from a lending pool.
Can Cyclo liquidate your position?
Cyclo’s model is described as liquidation-free, but that does not mean your position cannot lose value or that your collateral is risk-free. The accepted collateral, position mechanics and conditions for recovering collateral are not clear enough to assess those risks.
Is Cyclo audited, and what does it cost?
Cyclo has two audits listed, but their providers, dates, scope and findings are not identified here. Fees, supported collateral and steps for using the protocol also need to be checked before you commit funds.
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How we checked
Sources
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