Governance Recap & The Next Evolution of Crystl Finance

Get ready! The $CRYSTL clear future is coming…

Proposal Recap Summary

  • Proposal #1 — Implement Vault Revenue Dividends
    Option A (99.18% | 1.62M $CRYSTL):
    Use a portion of Vault performance fees to pay out revenue dividends.
  • Proposal #2 — Choose Vault Revenue Dividends
    Option A (88.66% | 1.2M $CRYSTL):
    Stake $CRYSTL-(GAS TOKEN) LP → Earn (GAS TOKEN)
  • Proposal #3 — Move $CRYSTL Emissions to Cronos
    Option A (92.36% | 1.57M $CRYSTL):
    All $CRYSTL emissions will be moved to the Cronos network
  • Proposal #4 — Set 12.5M As The Maximum $CRYSTL Supply
    Option A (96.18% | 1.77M $CRYSTL):
    Once the $CRYSTL supply reaches 12.5M tokens, all emissions will end and $CRYSTL will be hard capped.

Vault Revenue Dividends (Mining Guild)

Going forward, a portion of all Vault performance fees will be used to pay revenue dividends to liquidity providers. On Cronos, this will take form starting with a brand new feature called the “Mining Guild” where users may stake $CRYSTL-$CRO to earn $CRO tokens funded from a portion of the performance fees accumulated by our Vaults on Cronos. Furthermore, we will provide a Vault option for those of you who prefer to auto-compound your $CRO earnings to maximize your $CRYSTL-$CRO LP at stellar APYs! We expect revenue sharing to be live sometime in January 2022, with an exact date communicated in the coming weeks. Now, let’s get into some of the benefits which will be brought upon the implementation of Vault revenue dividends!

APR projections based on $CRYSTL-$CRO liquidity $USD value & monthly dividend revenue

Discontinuing Emissions on Polygon

Given that the community voted in favor of moving emissions over to Cronos, we will be deprecating all Mines and Pools that distribute $CRYSTL as a reward on Polygon. This process will be complete by January 2022 around the same time that we implement Vault revenue dividends on Cronos. The reason why this process will take some time is because we have to respect the existing partnership deals we already established on Polygon. We also want to keep the timeline simple and implement revenue dividends at the same time as the old emissions are deprecated on Polygon.

ApeSwap Farm & Vault!

To ensure that the Polygon network retains a reasonable level of liquidity for $CRYSTL, in addition to the above we will also be resurrecting the $CRYSTL-$MATIC → earn $BANANA & $CRYSTL farm on the ApeSwap exchange! We will also bring back the Vault that automatically compounds those rewards for more $CRYSTL-$MATIC LP!

The Next Evolution of Crystl Finance

With the maximum supply of $CRYSTL becoming capped at 12.5M, the $CRYSTL token no longer belongs to the inflationary asset class! Being a limited resource, each $CRYSTL will now become a proper share of the Crystl Finance protocol. In line with this thinking, one of our main goals going forward is to ensure that every $CRYSTL holder feels that their $CRYSTL tokens are rare, valuable, and bring them a cutting edge means to generating passive income. With that being said, we would like to introduce you to some brand new concepts that will be fundamental to the longevity of our protocol!

Introducing Vaults V3

In a highly competitive space such as DeFi, innovation is the key to staying ahead of the competition. That’s exactly why our tech team has been working tirelessly to take the concept of our auto-compounding Vaults to the next level!

Boosted Vaults

Boosted Vaults are the next evolution of Crystl Pools that will allow users to automatically grow their capital above and beyond the going market APY rate found on our competitors’ platforms. In addition to compounding LP tokens, Boosted Vaults will pay users with additional rewards in the form of partner tokens sourced from project partnerships established by Crystl Finance.

  • Users: Want to accumulate passive income with their favorite projects at an interest rate higher than the one offered by alternative platforms.
  • Partners: Want to grow liquidity for their token by attracting interest for their platform and incentivizing liquidity providers with rewards.
  • Company: Wants to maximize Vault revenue sharing dividends for $CRYSTL holders.

Zap

The Crystl Zap feature is aimed at magnifying the ease of use of our lucrative Vault services by providing users with the easiest way to start using any Vault to grow their capital.

Advanced Vault Strategies & Maximizers

Vaults V3 will bring the capacity for us to implement advanced compounder and maximizer strategies that are unique to the Crystl Finance platform. Not only will this bring a brand new avenue for business development to offer Vaults for our partners that are not available anywhere else, but it will amplify the variety of options for users to grow their capital using our protocol. With that being said, we will share more concrete information about these advanced strategies closer to the release date of V3.

Introducing $CRYSTL 2.0

To secure the future of the Crystl Finance protocol and to guarantee a sustainable, perpetually growing level of liquidity, we would like to put forward another proposal (#5) to the community in the coming week. With the remaining $CRYSTL emissions being moved to Cronos, we would like to lead Crystl Finance into the revolutionary paradigm shift of DeFi 2.0 that is protocol owned liquidity (POL).

Takeaways

  • $CRYSTL-$CRO → earn $CRO revenue dividends (and Vault) to be implemented by January 2022
  • $CRYSTL emissions deprecated on Polygon by the time of the revenue dividend implementation (January 2022)
  • The changes brought by Proposals #1-#4 mark the transition of Crystl Finance from a business model based in yield farming to a business model based in Vaults & revenue sharing
  • $CRYSTL-$MATIC → earn $BANANA + $CRYSTL farm will be resurrected on the ApeSwap Polygon Exchange by January 2022
  • $CRYSTL-$MATIC Vault based on the ApeSwap farm will return as well
  • Crystl Vaults V3 revealed to arrive in early-mid Q1 of 2022, bringing Boosted Vaults, Advanced Vault Strategies, & Zap functionality
  • Crystl Finance will release a new proposal #5 in the coming days that is meant to take $CRYSTL to its 2.0 evolution based on DeFi 2.0 and protocol owned liquidity (POL)
  • Users can expect an article diving deeper into DeFi 2.0 and POL, as well as the Governance proposal in the coming days

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