Crystl.Finance Enters an Extensive Bridging Partnership with RelayChain on Cronos
The teams of Crystl.finance and RelayChain are enthusiastically announcing their partnership in bridging promising new and existing DeFi protocols to the Cronos Network. RelayChain will be the primary bridging service for Crystl partner projects. This partnership is a part of a larger three-way cooperative with Crodex, the emerging leader for decentralized exchanges on Cronos. The Crystl, Crodex and Relay collaboration will take DeFi interoperability to the next level.
Crystl.Finance is a platform that provides users the means to explore DeFi and earn a passive income with high interest rate Pools (yield farms) and auto-compounding Vaults (yield optimizers). Easily stake CRYSTL, the share token of Crystl Finance, on their dividend Pools to earn from a huge variety of tokens without risking your principal CRYSTL investment. Users may take this a step further and earn exponential interest with Crystl Vaults which auto-compound earnings while benefiting CRYSTL price through automatic buybacks and burns.
Crystl.Finance strives to be a marketing platform that helps projects to build liquidity and provide an unprecedented level of accessibility with cross-chain DeFi options supported by Relay Bridging. We aim to streamline the process for projects to launch on other networks and become the go-to platform for users to experience everything that the DeFi universe has to offer!
RelayChain enables fast, secure and low cost cross-chain token transfers between the world’s leading blockchains. The platform offers Bridging as a Service (BaaS) to partner networks and dApps wishing to expand their footprint beyond a single chain. RelayChain currently supports bridges between any combination of Cronos, Harmony, Moonriver, IoTeX, Ethereum, Polygon, Binance Smart Chain, Fantom, Avalanche, Shiden and HECO. Multiple popular networks will be added in the near future. A unique feature of RelayChain is that once a token exists on our platform, it can be bridged to any other EVM in our list of networks. This can be done in one step without the need to return to the parent chain first. This represents a major feature of speed and convenience for all of the users. The RELAY token holds high utility as it will be used to reward stakers with a share of the native gas tokens collected from bridging fees. It’s a deflationary token; the more transactions that occur, the more RELAY is bought back and burned. RelayChain can quickly enable any project’s tokens to be bridged at no cost to the project.
The potential of this multi party partnership is boundless. The best DeFi protocols will be able to quickly expand their networks and seamlessly take flight with everything that Crystl, Crodex and Relay can offer to them. Stay tuned to see which exciting DeFi protocols will be finding their way to the most exciting new EVM chain, Cronos.
