Get Ready For $CRYSTL Governance!

Join the #CrystalCourt to decide the future of $CRYSTL!

What is $CRYSTL Governance?

$CRYSTL Governance is a way for $CRYSTL token holders to vote on important decisions pertaining to the future of our platform such as: tokenomics, changes in business strategy, and utility for $CRYSTL.

Why $CRYSTL Governance?

Ever since our launch in June 2021, our loyal community has been the most important aspect contributing to the growth and maturity of our project. Proudly recognizing this, we seek to elevate the relationship with our community to the next level. By introducing $CRYSTL Governance, every $CRYSTL holder will have a chance to directly influence the future of Crystl Finance in a democratic and decentralized manner.

How Will $CRYSTL Governance Work?

Governance will begin with a snapshot to determine the voting power associated with each wallet address that holds $CRYSTL, and will then be followed by a voting period on a number of proposals. Voting power will be directly proportional to the number of $CRYSTL held by each wallet address. In the days following the snapshot, 4 proposals will be put to a vote, allowing the community of $CRYSTL holders to decide on the outcome of the proposals.

  • Hold $CRYSTL in your wallet
  • Stake $CRYSTL in the Auto OR Manual $CRYSTL Pool
  • Stake $CRYSTL — $MATIC LP in the Mines
  • $CRYSTL on Cronos is ineligible, only Polygon $CRYSTL is valid

When Will $CRYSTL Governance Begin?

On Sunday November 28, 2021 at 2200 UTC we will take a snapshot of every wallet that holds $CRYSTL tokens. In the week that follows, a total of 4 proposals will be put to vote as outlined by the summaries in the following section. Voting will close on Sunday, December 5 at 1700 UTC. Every significant date and time, as well as directions about where to vote will be clearly communicated through all social media channels including Twitter, Telegram, as well as Discord.

The Future of Crystl Finance

With $CRYSTL Governance on the way, it’s time to consider the proposals on the table for the future of our platform! The upcoming Governance voting period will revolve around 4 key proposals as summarized below.

Proposal 1: Implement Vault Revenue Dividends

  • Option A: Use a portion of Vault performance fees to pay out revenue dividends.
  • Option B: Do not use performance fees for revenue sharing dividends. If passed, we will obtain community input and create a new proposal for use of performance fees.

Proposal 2: Choose Vault Revenue Dividends

  • Option A:
    Stake $CRYSTL-(GAS TOKEN) LP → Earn (GAS TOKEN)
    Example:
    Stake $CRYSTL-$CRO LP → Earn $CRO
  • Option B:
    Stake $CRYSTL-(GAS TOKEN) LP → Earn $CRYSTL and
    Stake $CRYSTL-(GAS TOKEN) LP → Earn (GAS TOKEN)
    Example:
    Stake $CRYSTL-$CRO LP → Earn $CRYSTL
    Stake $CRYSTL-$CRO LP → Earn $CRO

Proposal 3: Move $CRYSTL Emissions to Cronos

  • Option A: All $CRYSTL emissions will be moved to the Cronos network
  • Option B: All $CRYSTL emissions will remain on the Polygon network

Proposal 4: Set 12.5M As The Maximum $CRYSTL Supply

  • Option A: Once the $CRYSTL supply reaches 12.5M tokens, all emissions will end and $CRYSTL will be hard capped.
  • Option B: Once the $CRYSTL supply reaches 12.5M tokens, emissions will proceed at 0.1 $CRYSTL per block.

What to Expect In The Coming Days

Be sure to keep an eye on our social media, Twitter, Telegram, Discord, as well as our Medium! We will be posting a number of articles that go into detail about each one of the proposals. It is critical that every $CRYSTL holder is aware about the upcoming changes and has all the information needed to make an educated voting decision after the snapshot on November 28, 2021 at 2200 UTC.

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