Crescent is a project that is an inter-network DeFi-hub on Cosmos that provides liquidity in almost all blockchains. It is a working dApp, where, for example, on 1inch, you can put limit orders and activate swaps like on CEX, but with DEX embedded in the dApp.
The project was created to connect DeFi technology with the Cosmos project and is closely related to it.
Crescent focuses on three main functionalities:
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Crescent DEX
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Crescent Boost
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Crescent Derivatives
The long road to Crescent decentralization begins with the Crescent DEX:
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Maximizing capital efficiency with hybrid technology
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An incentive model designed to optimize the capital and liquidity quality of a decentralized exchange
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Priority on security in cross-chain transaction processing
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"No trading fees until a reasonable, justifiable reason is presented"
Hedging and leveraging investments in the liquidity pool with Crescent Boost
Crescent Boost, which is the second utility of the Crescent Network, allows liquidity pool investors to secure positions for profitable token lending.
In addition, if the user chooses to deposit rather than borrow and sell, the investor will be rewarded with leverage with the same price volatility.
Crescent Boost provides users with a simplified process to use the utility in synergy with Crescent DEX.
Crescent doesn't have a promoted backend or Tier 1 funds, but GreyScale and some other good projects are on Twitter. Overall, the technology is worthwhile.
The project stands out for its fixed annual rate for large capitals, but it has some competition: Guoxinex and MARKET Protocol.
It is encouraging that to provide guaranteed returns, they use many intermediary services (12) that support the service. Among them are high-profile brands such as Google and Amazon.
Staking
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The $CRE token is holding up well in the current bear market
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On explorer, token can be steamed at 20% APR
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