Cypher price

FAQ About CYPR

• What is Cypher and what problem does it solve?

  Cypher is a decentralized, cross-margin protocol built for traders and investors. It solves the critical problem of capital inefficiency in DeFi by allowing users to create a single, unified portfolio across multiple assets and positions. This eliminates the need to over-collateralize isolated positions, maximizing the utility of your capital for advanced trading strategies like leveraged trading, borrowing, and lending.

• Is the Cypher protocol safe and has it been audited?

  Security is a top priority for Cypher. The protocol's smart contracts have undergone rigorous audits by leading blockchain security firms. For the most current and comprehensive list of all completed audits and their detailed reports, please refer to the official Cypher documentation and announcements channel. As with all DeFi protocols, users must be aware of smart contract and market risks.

• What is the core utility of the $CYPR token in the ecosystem?

  $CYPR is the central incentive and utility token. It is used to: 1) Reward users for spending and referrals; 2) Lock to gain voting power (veCYPR); and 3) Fund the bribes and incentives offered by merchants to attract community votes and engagement.

• What is the total supply of the $CYPR token, and what is its emission schedule?

  The total maximum supply of the $CYPR token is fixed at 1 Billion tokens. This supply is distributed over a 20-year schedule, following a structured decay model designed to gradually reduce emissions and support the long-term scarcity and value of the token.

• On which blockchain is Cypher deployed?

  Cypher is built with a multi-chain future in mind. It initially launched on the Solana blockchain to leverage its high throughput and low transaction costs, which are essential for a seamless trading experience. Check the official Cypher website for announcements regarding expansion to other networks.

• What makes Cypher different from other lending protocols like Aave or Compound?

  Cypher's primary differentiation is its native cross-margin functionality. While protocols like Aave and Compound use isolated or cross-collateralization for loans, Cypher is built from the ground up to be a unified margin account. This makes it uniquely suited for active traders seeking leverage and sophisticated portfolio management directly on-chain, rather than just a simple lending market.

• What is the CPHR Token Used For?

  The CPHR token is the governance and utility backbone of the Cypher protocol. Its primary functions are:
  Governance: CPHR holders govern the protocol. They can stake tokens to vote on proposals that control key parameters like interest rates, supported assets, fee structures, and treasury spending.
  Staking Rewards: Users can stake their CPHR to earn rewards. This typically includes a share of the protocol's revenue (from trading and lending fees) and may also include additional token emissions, incentivizing long-term participation.
  Fee Discounts: Holding or staking CPHR often grants users discounted rates on core protocol functions, such as trading fees and borrowing costs, making it economically valuable for active users.
  Ecosystem Access: The token can act as a key to unlock premium features, such as early access to new products, exclusive token sales, or advanced trading tools within the Cypher ecosystem.