About Crescent Network Airdrop
Crescent Network Airdrop is trying to provide a connected DeFi functionality for Cosmos Ecosystem to enhance capital efficiency and manage risk effectively. Crescent Network will commit to and evolve toward providing a marketplace for multi-chain assets with capital-efficient liquidity incentivization and securing a cross-chain collateralization protocol for users to effectively manage risks of their portfolio
Crescent Network is airdropping a total of 50,000,000 CRE to ATOM stakers. Users who’ve staked ATOM by January 1st, 2022 are eligible to claim the airdrop. The number of CRE a user receives is proportional to the square root of delegated ATOM at the time of the snapshot. Users who’ve participated in Gravity DEX governance proposal #38 or #58, provided liquidity to Gravity DEX or used Gravity DEX by the snapshot date will get up to three 2x multipliers on their airdrop.
| Platform | Total Value | Max. Participants | Website |
|---|---|---|---|
| BSC & ETH | 500 USDT & 1,000 Meson | Unlimited | Click Here To Visit |
Crescent DEX
The long-term road to a decentralized, active network begins with Crescent DEX, a marketplace that embodies the foundational direction:
- Maximization of capital-efficiency through Hybrid AMM/Orderbook methodologies via fair order matching mechanism
- An incentive structure designed to optimize capital-efficiency and quality of liquidity
- Prioritize security when handling exchanges of bridged assets
- No trading fees until a reasonable, justified cause is presented
The structural design of Crescent DEX prevents:
- Unnecessary low-latency competition
- Front-running and validator extractable value (VEV)
- Attack vectors that exploit LP or market makers
Coin Pair
In Crescent Network Airdrop DEX, anyone can create a pair of two coins, which is an ordered pair. The ordered coin pair is unique in Crescent DEX, which means only a single pair of a given ordered coin pair is allowed. For example, Crescent DEX can have only one pair for A-B coin pair consisting of Coin A and Coin B. Crescent DEX can also have B-A coin pair, which is different from A-B coin pair.
The base coin is the first coin that appears in a coin pair quotation. Consequently, the second coin appeared in the pair is a quote coin.
Liquidity Pool
For a coin pair, a liquidity pool can be created by anyone in Crescent DEX, where the liquidity pool is to reserve the amount of two different coins of the coin pair.
Users can deposit a pair of coins into the pool so that those users become liquidity providers. A liquidity provider can be anyone who provides liquidity by depositing reserve coins into the pool.
In Crescent DEX, a liquidity pool takes a role of automated market maker (AMM) by utilizing CPM (Constant Product Model) to calculate available liquidity.
The pool price is defined as the ratio of the number of the quote coins and the number of the base coins in the pool. For the coin pair A-B, the pool price is the number of coin B divided by the number of coin A in the pool.
Crescent Network Airdrop DEX will support multiple liquidity pools for a given coin pair with introducing later ranged pools.
Farming Rewards (LP Incentives)
Crescent Network provides liquidity incentives to two different liquidity providers: liquidity pool (LP) investors and market makers on orderbook. The market maker incentives will be introduced in Crescent DEX v2.
In this section, how the incentive for LP providers will be received.
Crescent DEX provides incentives to liquidity pool (LP) investors via farming.
They target to design the incentive plan to break away from the bleeding competition prevalent in the DeFi market and create a capital-efficient and sustainable ecosystem. In the initial stage, LP incentives are provided to stabilize the market and diversify investment options for CRE holders.
Hybrid DEX
In Crescent Network Airdrop DEX, each liquidity pool act just like another market participant on orderbook. It calculates groups of limit orders for each tick in the orderbook with order amount derived from CPM. Then, all integrated orders on orderbook including liquidity pools’ are matched each other at once
As illustrated above, AMM provided by the liquidity pool and traditional market makers coexist in Crescent DEX. That is so called hybrid DEX. This kind of hybrid DEX outperforms in perspective of capital efficiency so that traders (users of Crescent DEX) can enjoy the effectively abundant liquidity on the orderbook.
Crescent Boost
Crescent Network Airdrop Boost is a combined product of Lending, Hedging, and Leveraging. Crescent Boost will provide Crescent DEX LP providers ways to hedge and leverage the LP position so that LP investors can tailor their risk-return profile, even market neutral strategy with amplified farming rewards.
A part of ecosystem incentive will be in place for the users of Crescent Boost, a key product of Crescent to use other functions. In the long-term, the vision for Crescent is for Boost to be the core function, so we believe the highest portion of incentives should be designated to Boost rewards.
Crescent is an ever-evolving Hub, and future additions will also be eligible for incentives, and the incentive ratio for each product within the Ecosystem Incentive is subject to change to be best optimized for future direction.