Crystl Finance prioritizes creating original features to maximize passive income and forging strong partnerships with leading projects to build a thriving ecosystem. CRYSTL has a limited supply of 12.5 million tokens, making CRYSTL a non-inflationary, scarce and income generating asset, designed to drive up the cost of overtime. Token holders have the right to vote directly on future decisions of the protocol.
Description of the Crystl Finance project
The Crystl Finance protocol generates revenue from a 5% fee, charged on rewards, earned by our auto-compounded vaults. A portion of these service fees helps to reward CRYSTL liquidity providers with dividends on each network where Crystl Finance is located. Multiple vaults with auto composition are available to maximize your CRYSTL LP tokens. These Vaults reinvest incentives from third party platforms to increase your LP automatically.
Similar to a bank account, the Vault is a vehicle through which you can deposit your capital in order to increase it constantly by accumulating interest. When interest accrues, your deposit grows, and the next time interest accrues again, your deposit grows even more! To use the Vaults, you will need LP tokens. They can be obtained by adding liquidity on a decentralized exchange. You can easily navigate to the desired page where you can add liquidity, using the "Get LP" button in the Vault interface.
| 1 | To create LP tokens, you will need to add two tokens of the same value to a liquidity pool on a decentralized exchange. |
| 2 | Click the "Confirm contract" button and refresh the page after the transaction is completed. Then click the "Deposit to Vault" button. |
| 3 | Once you have deposited your LP tokens, everything is ready. The vault will automatically increase your deposited LP tokens every day.. |
You can withdraw your LP tokens from the Vault at any time, using the “Withdraw to Wallet” button, but be aware of the 0.1% withdrawal fee. After withdrawal, if you want to exit your LP position, just use the "Get LP" button.
What is irreversible loss?
Irreversible Loss (IL) - one of the most commonly misunderstood concepts in DeFi. IL - not an actual loss, but rather the potential opportunity cost of storing tokens inside an LP versus storing those tokens outside of an LP. IL arises from the change in token prices from the original prices when the provider added liquidity. The behavior of IL is programmed into the design of all AMM protocols on decentralized exchanges. It's not something that you can avoid! However, IL can be kept to a minimum with Crystl Finance automatic storages!