Hey hey $CRYSTL💎 lovers, looks like we’re finally here at the end of July 🤩! With August just around the corner, it’s high time to look back on this month and put everything in perspective 😁!
Platform Development & Improvements
One continuous goal we continue to work towards for PolyCrystal is bringing our community the best yield farming experience on the market. This month we introduced a number of changes all around our platform for this purpose!
Also known as platform sexyfication, the obvious change that jumps out when you visit PolyCrystal.Finance is the design of the site. A huge thanks to our awesome developers for their work on simplifying and making the platform more accessible and attractive. Just take a look at the before and after screenies below and judge for yourself 🤤!
We believe that DeFi should be accessible to everyone. No one should have to find themselves in a tight spot with funds in a wallet and no $MATIC to pay for transaction fees 😤! That is why we implemented our very own trusty PolyCrystal Faucet service which can provide users with free $MATIC 🤑! Feel free to read all about it here.
PolyCrystal DEX Router & Liquidity Tool
Yet another victory for ease-of-use of our platform! We added two powerful features on PolyCrystal accessible through this menu:
The Exchange option is our own native DEX Router which everyone can use to directly swap tokens through the liquidity that is held on ApeSwap.
Likewise, users can conveniently create or add liquidity for any token pair held on ApeSwap directly on the PolyCrystal platform. Tight 😎!
This month we have addressed the concerns of our community regarding the inflation rate of the $CRYSTL💎 token. We have heard your voices and decided to take the following measures to ensure the sustainable growth of our platform:
- Introduction of a soft cap of 10M for the $CRYSTL💎 token
- Emission reduction to 2 per block and further decreasing emission as per the soft cap implementation
- Reduction of multipliers for non-essential farms
- Increased multipliers for native farms to incentivize $CRYSTL💎 holders & liquidity providers
- Introduction of auto-compounding vaults (currently in development)
- Continuous introduction of new partnerships that are in the best interest of $CRYSTL💎 holders
You can read all about the details in the following articles:
- Jun 30 — PolyCrystal Deflationary Roadmap
- Jul 5 — PolyCrystal Deflation Updates
- Jul 9 — Reducing Multipliers on Non-Native Farms
- Jul 17 — PolyCrystal Tokenomics | The Next Phase
Ever since the conception of the project, we have been determined to partner up with some of the best projects in the space. Below you will find a summary of all the major partnerships we have established thus far!
- ApeSwap — As you all know, these guys are our first major partners. It’s hard to imagine a world without Crystals💎 x Bananas 🍌! Together with their support and AMM, we envision ourselves right at the center of success on Polygon!
- AnySwap — A decentralized, cross-chain token swap protocol. We are grateful to have AnySwap join us in cooperation for the PolyCrystal Portal Program, an initiative to help projects transition cross-chain from BSC to Polygon!
- BSC Times & Polygon Times — An awesome news outlet for everything crypto on BSC and Polygon. We are super pumped to be covered by them! Check out the article they wrote about us.
- Polycat Finance — One of the most successful yield aggregators who have built a name for themselves on Polygon. Their $FISH token has been integrated for farming directly on our platform on both Pools and Mines.
- PolyDoge — A digital currency and platform with one of the most vibrant communities on Polygon. Stake POLYDOGE-MATIC and earn yourself some $CRYSTL on the Mines.
- DappRadar — A site that provides information and insights about dApps at the tap of your finger! We are officially listed on DappRadar and additionally we had requested them to provide a sponsored article to spread the word about PolyCrystal!
A huge shoutout to everyone else becoming a part of our journey and joining the PolyCrystal family! We are thrilled to see where we can take PolyCrystal and the Polygon ecosystem with the help of so many incredible partnerships!
- JDI Yield
- Farm Hero
- And many more are coming!
New Moon Cycle
Starting on July 10th, we have engaged in the initiative to add new pools each day for 28 days! In doing this our objective is to continue to add utility and bring value to our native $CRYSTL💎 token. We know that sustainability is a challenge to yield farms, which is why we believe in continuously working for our community and bringing real use-cases to our token. The following pools have been added in July to farm using $CRYSTL💎 at high interest rates:
- $BTC, $USDT, $BNB, $BPUL, $COSMIC, $AAVE, $LINK, $BUSD, $CRV, $MANA, $USDC (refill), $SPADE, $NEPTUNE, $PIRATEP.
The cycle is not yet over and we will continue adding new pools into the month of August ☀️!
We held two AMAs this July, if you missed them be sure to read up on the summary for both! This was an amazing opportunity to engage with our community and answer everyone’s questions, we will be sure to host more AMAs in the future.
Growing The PolyCrystal Team
In order to fulfill our ambition for a “Crystal Clear” future we have been growing our team, welcoming a whole lot of new members! We are incredibly proud to have so many talented individuals from all over the world come join us and help us grow the PolyCrystal platform in the true spirit of DeFi! You can learn all about them in the following article.
Crystal Crew Charity Drive
Given the successful launch of our platform since June and the outstanding support from our community together we decided to run our first of many charity drives to give back to the world! Read all about it here.
PolyCrystal Portal Program
In order to ensure the continuous growth of our platform, as well as to make a positive impact on the entirety of the Polygon ecosystem we have officially begun our PolyCrystal Portal Program! Going forward we will be cooperating with AnySwap, ApeSwap, and participating projects to help them launch cross-chain from BSC to Polygon! Read all about the PolyCrystal Portal Program in the following article.
PolyCrystal Listings & Wallet Integrations
Our marketing team has been staying on top of reaching out to the best cryptocurrency listing platforms in the space to make sure $CRYSTL💎 is a well known name in the game 😎:
We see a world where everyone is educated and comfortable about using DeFi. That is why we have begun the initiative of creating educational content to help new users come to Polygon and give the PolyCrystal platform a chance! Our writers, King D and Light have been pumping out educational content the entirety of July. Check it out 🤓📕!
- Introduction to DeFi
- Setting Up a MetaMask Wallet
- Setting Up a Custom RPC
- Bridging from BSC to Polygon
- Risk Management & Appetite
- The Ultimate Guide to PolyCrystal
This is only the beginning, we will continue working hard on this front to bring our community the best educational content in an organized fashion.