Crafting Finance Overview
Crafting Finance is a synthetic asset issuance protocol and decentralized contract trading exchange based on the Polkadot contract chain. It natively supports multi-token collateral, including the token CRF issued by Crafting Finance, Polkadot (DOT), Kusama (KSM), Bitcoin (BTC) and Ethereum (ETH), and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets directly through smart contracts and oracles. Users can forge a certain synthetic asset, such as the US dollar, by collateralizing supported tokens, and automatically have a long position in the asset.
Users can also convert minted assets into other assets through the trading platform, so as to realize the purpose of shorting the asset and longing other assets. The assets minted by all the users correspond to the liabilities of the entire system, and the proportion of each user’s liabilities has been determined at the time of forging, so that their respective profits can be calculated. Because such a collateral pool model does not require a counterparty, it perfectly solves the problems of liquidity and trading depth in decentralized exchange (DEX).
STRUCTURE OF CRAFTING FINANCE
FORGING—User use CRF/DOT/KSM/BTC/ETH as collateral to forge different kinds of Rafts in Forge, the collateral rate is different for each kinds of token
CRAFTING—User could choose whether to craft into the SDP, the choice led to long or short the other assets in SDP
TRADING—User who already crafted into the SDP could trade in Kingsman, which will offer low slippage liquidity
ORACLE—Oracle is important for the Crafting finance, Crafting finance will use different solutions to ensure the stable
OTHER EXCHANGES—User could also exchange RAFTS on other exchanges such as Uniswap
CRAFTING FINANCE VERSIONS ACTUALIZATION
🧿 COLUMBUS—The First Version of Crafting Finance, will enable the Raft/RaftStable issuance, build SDP and Kingsman, and allow users to choose whether join the SDP
🧿 ZANGQIAN—RaftBond will be online for issuance and trading.
🧿 THORVALDSSON—UnivRaft will be online for universal synthetic assets, user could use it to issuance smart assets.
🧿 VASCO DA GAMA—Will launch the brand-new oracle system which could feed every asset‘s price all over the world
TOKENOMICS
Max Supply: 2,000,000,000
The Crafting Finance (CF) token is $CRF, with a hard cap of 2 billion
TOKEN DISTRIBUTION
- 40% for liquidity Incentive
- 19% for offering and sale
- 1% for initial liquidity
- 14% for ecosystem partners
- 6% for project marketing
- 5% for advisors
- 15% for team
$CRF is the project token as well as the governance token. the parameters
involved in CF, including the increase or decrease of the types of collateral, the adjustment of the collateralization ratio, the types of synthetic assets, etc., can be determined by voting by CRF holders.
ABOUT Crafting Finance
Crafting Finance is a synthetic asset issuance protocol and decentralized contract trading exchange based on the Polkadot contract chain. It natively supports multi-token collateral, including the token CRF issued by Crafting Finance, Polkadot (DOT), Kusama (KSM), Bitcoin (BTC) and Ethereum (ETH), and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets directly through smart contracts and oracles.
