CYPH Tokens Relationship

Each token serves a distinct, connected purpose:

Token	Type	Core Role
CYPH	Liquid token	Base asset of the ecosystem - used for trading and investing on the Cypher AMM.
xCYPH	Locked token	Receives all protocol revenue - designed to capture value and reduce liquid supply.
oCYPH	Option/incentive token	Distributed for farming and incentives to reduce direct sell pressure on CYPH.

Flow Logic

1. Users interact with the Protocol — mainly via Trading and Investing on the AMM, Launchpad, and future Cypher products.
2. These activities generate fees, which flow back from the Protocol to xCYPH holders.
3. All revenue from the protocol is directed to the locked token (xCYPH), creating a sink for value accumulation.
4. oCYPH acts as an option token — used for incentives and yield farming to reduce farming pressure while maintaining token sustainability.
5. xCYPH and oCYPH both tie back to CYPH, where increased locking and protocol demand reduce circulating supply and increase demand over time.

Explore Tokenomics

CYPH

oCYPH

xCYPH

xCYPH Plugins

Token Distribution

Protocol Earnings