Crescent Swap is the first hybrid #DeFi investment suite on @arbitrum providing collateralised yield.
A quick π§΅on
- What their about
- How you can enter presale and qualify for the airdrop $$$ π
Intro:
Crescent Swap has been built to redefine the DEX and #DeFi scene on @arbitrum.
They have put together a whole heap of products, some the first of their kind, to offer a completely new #DeFi and lending experience for users.
With so many different swap sites and DEX's out there, new project launches need to bring something new to the table.
To offer a novel functionality, smoother experience or cheaper fees etc.
Here's how it works...
1. $MNLT - A deflationary, native DEX token that improves on current emission structures and rewards early adopters.
$MNLT starts off with a max supply of 10m which are reused in perpetuity with taxes. $MNLT is collateralised via USDT offering solid reassurance for investors.
The $MNLT token is available to get your hands on within the pre-sale on Friday at $1 per token, or via the open market on Crescent swap.
Anyone will be able to participate in $MNLT's presale - depending on the performance of the raise $MNLT will have a max price of $1.15.
A simple overview of $MNLT:
$MNLT is Crescent Swaps native token and is backed by collateral upon redemption.
It uses perpetual rewards to incentivise holders, creating deep liquidity in the deflationary DEX reward system.
2. The ARTEMIS token
ARTEMIS is the second DEX token. It's a stable and appreciating asset that is also fully collateralised.
ARTEMIS is the #utility token used to earn $MNLT on the DEX. It's also the token used to deposit into yield strategies.
The Artemis token plays a crucial role in the Wisdom Trust, which serves as CrescentSwap's lending platform on #Arbitrum.
The Wisdom Trust utilises a proof of holdings consensus and enables holders who offer Artemis as collateral to access flash loans in $USDT.
ARTEMIS is therefore utilised as a collateral asset which is designed to only ever increase in value as its liquidity deepens over time.
This makes buying, utilising and holding the ARTEMIS token a very valuable prospect, not just for its intrinsic #utility, but also its worth.
CrescentSwap is set to make history as the first DeFi protocol to launch a lending platform that solely relies on the borrower's collateral rather than reserves.
Meanwhile, the Artemis token has already been launched on artemis.crescentswap.exchange and has witnessed remarkable growth
Some fundamental aspects to Crescent Swap that set them apart:
- Facilitating range orders
- Different tiers for swap fees
- Providing Non-fungible LP's & positions
- Range bound liquidity(more fees, reduced risks and deeper liquidity)
In addition to being one of the most advanced DEX's on @arbitrum they're also pushing out a versatile #DeFi suite.
1. A lending protocol providing yield to stakers, risk free from fees 2. Eliminating IL risk with yield strategies 3. High APY early farms
4. CrescentSwap also offers an incubation launchpad for partner protocols, providing them with resources and support to grow their projects.
5. Additionally, CrescentSwap provides layer 2 tools for protocols to enhance their functionalities.
5. A tokenized liquidity solution (TaLS) is also available on CrescentSwap.
6. Investors can enjoy a defined downside risk through supply shock and redemption mechanisms.
Overall a solid suite with a wide variety of mechanisms to provide a high level user experience.
Airdrop:
This is how you can become eligible for their $300k airdrop.
π Hold $MNLT
π Hold $ARTEMIS
π Deposit into one of the early farms (no need to lock)
π Create an LP position on the DEX
π Perform a swap
A few more ways to be eligible:
π Buy the CrescentDAO Genesis NFT (sold out)
π Participate in the pre-sale of $MNLT
π Be active in the Discord as we roll out tasks to win
The @arbitrum network is really picking up steam again after their Aidrop hype.
@CrescentSwap IMO is a solid play to qualify for a lucrative airdrop and put your yield to work.
The presale is on Friday.
For transparency:
This was a paid partnership.
It's v important to me that you, my frens, understand when something is paid.
Doing these helps me maintain my level of work in this space for free.
I will only ever promote what I like, and I'll be using this platform myself.
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Along with their partners T-Homes and REAT, they have developed an incredible ecosystem that will deliver accessibility, affordability & efficiency.
The problems:
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