From d89b957d298fe4d1d7a56c400411f0c3ab89f5d1 Mon Sep 17 00:00:00 2001 From: harsh9200 Date: Tue, 2 Jul 2024 03:24:31 +0530 Subject: [PATCH] add readme --- subgraphs/cygnus-finance/README.md | 27 +++++++++++++++++++++++++++ 1 file changed, 27 insertions(+) create mode 100644 subgraphs/cygnus-finance/README.md diff --git a/subgraphs/cygnus-finance/README.md b/subgraphs/cygnus-finance/README.md new file mode 100644 index 0000000000..0489bf3c33 --- /dev/null +++ b/subgraphs/cygnus-finance/README.md @@ -0,0 +1,27 @@ +# Cygnus Finance Subgraph + +## Methodology v1.0.0 + +Cygnus Finance is a RWA stablecoin protocol built on pure, short-term U.S. debt assets. It is also the first native interest-bearing stablecoin protocol and the first native RWA protocol on Base. + +Each lending pool represents a pair of 2 tokens of a DEX. Lenders can supply tokens to any lending pool to earn passive yield without impermanent loss. Borrowers can deposit LP tokens in a lending pool to borrow tokens of the token pair. This enables borrowers to leverage their LP tokens and get even more LP tokens, allowing for leveraged yield farming and enhanced LP rewards. + +## Metrics + +### Usage and Transactions + +Following activities count towards usage and transactions of the protocol, + +- Minting and staking cgUSD shares +- Depositing and withdrawing cgUSD shares + +### TVL + +TVL of a market is the value of staked cgUSD tokens. + +## Useful Links + +- Landing Page: https://www.cygnus.finance/ +- Lending App: https://app.cygnus.finance/mint +- Docs: https://wiki.cygnus.finance/ +- Contracts: https://github.com/arks-labs/cygnus-contracts-public