• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: DOJ Takes Down Mt. Gox Hackers For Multi-Million Dollar Crypto Theft
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: DOJ Takes Down Mt. Gox Hackers For Multi-Million Dollar Crypto Theft

Crafting Finance Has Launched the Staking Protocol

Bitcoinist by Bitcoinist
1 year ago
in Press releases
0

About Crafting Finance

Crafting Finance is a synthetic asset project, that provides the issuance and transaction capabilities of various synthetic assets, which can support the issuance and transaction of almost all types of cryptocurrency assets and real assets. The important modules of the product include MintR, Kingsman, and various synthetic assets (Raft, RaftStable, UnivRaft, BondRaft). MintR supports a variety of collaterals to generate various synthetic assets and even user-defined assets. The debt pool (SDP) model DEX used by Kingsman does not require counterparties, which solves the problem of DEX trading depth.

Moreover, we are excited to announce that we add and support NFT fragmentation function. Crafting’s NFT fragmentation will be dedicated to solving NFT liquidity and trading issues, providing a huge impetus for the development of the industry.

Staking Concept

Like collateral tokens, staking tokens will be held by some contract and get some rewards. The staking protocol will be the fortress of the main protocol. So right now users can use staking protocol to stake the tokens, and after the launching of main-protocol, users could choose to unstake the tokens from the current staking protocol, and re-stake them into the collateral pool and mint synthetic assets.

As for Crafting Finance, we offer Staking token to get $CRF rewards with no Impermanent loss, we will support some other tokens as well to do staking. However, our program will be deployed on ETH since it’s the second-most popular cryptocurrency provider in the world behind Bitcoin, and is one of the best staking coins available. And we have supported WBTC and ETH for staking as they are the biggest market-cap tokens. We will also support stablecoins such as USDT and USDC and some important tokens. We will also support staking of NFTs Function such as Punk and BAYC. Staking is already available from 13rd Dec, 2021 and rewards will be in the form of CRF tokens.

We will reserve 40% initial tokens for liquidity incentives. Users who stake their CRF as collateral and choose to join the SDP will earn the most rewards. We will launch the main synthetic-assets-protocol in a month, so we want to make a pilot version at the moment, which will not cause any impermanent loss. Users will also stake without collateral with the aim of attracting more synthetic assets. After launching our main protocol, users can transfer or move their stake assets to the main platform as collateral tokens and mint their favorite synthetic assets.

Stay tuned and keep following us for future updates!

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Best Altcoins To Buy Today June 10th

Best Altcoins To Buy Today June 10th

2 hours ago
Open AI’s CEO Raises 100M for its Crypto Project Worldcoin and InQubeta Presale Breaks Records After its Successful Launch

Open AI’s CEO Raises 100M for its Crypto Project Worldcoin and InQubeta Presale Breaks Records After its Successful Launch

4 hours ago
Dogecoin (DOGE) Price Prediction: Cardano (ADA) Trying To Make A Recovery While Uwerx (WERX) Remains In The Spotlight

Dogecoin (DOGE) Price Prediction: Cardano (ADA) Trying To Make A Recovery While Uwerx (WERX) Remains In The Spotlight

9 hours ago
What Does Recent Coinbase Lawsuit Mean For Ethereum and Avorak AI?

What Does Recent Coinbase Lawsuit Mean For Ethereum and Avorak AI?

9 hours ago
As PEPE Continues to Fall, Smart Investors Are Putting Money into DigiToads

As PEPE Continues to Fall, Smart Investors Are Putting Money into DigiToads

10 hours ago
Pepecoin News Alert: $PEPE Fell 30% in the last 7 Days, Investors Escaping To This Rival Token For Safety

Pepecoin News Alert: $PEPE Fell 30% in the last 7 Days, Investors Escaping To This Rival Token For Safety

10 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    1 week ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    1 week ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    1 week ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • Best Altcoins To Buy Today June 10th

    2 hours ago
  • Open AI’s CEO Raises 100M for its Crypto Project...

    4 hours ago
  • Dogecoin (DOGE) Price Prediction: Cardano (ADA) Trying To...

    9 hours ago
  • What Does Recent Coinbase Lawsuit Mean For Ethereum and...

    9 hours ago
  • As PEPE Continues to Fall, Smart Investors Are Putting...

    10 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.