Krystal expands to Avalanche

Multi-chain DeFi & NFT Management Platform now brings users access to services on Avalanche. Collectively, Krystal now enables you to access 23 DeFi services and manage NFTs on 4 blockchains.

Krystal now provides access to decentralized finance (DeFi) services and NFT management on Avalanche, an open, programmable smart contracts platform with high throughput and near-instant transaction finality.

Krystal’s first move is supporting swap functionality. Having natively integrated with DEX protocols in the Avalanche ecosystem, users are now able to swap tokens at the best rates on Krystal via:

• Pangolin — Avalanche’s native DEX

• KyberDMM — DeFi’s first multi-chain dynamic market maker

Krystal grants you access to the Avalanche ecosystem both on Desktop and Mobile (iOS|Android), so you can manage your portfolio and trade on the go anytime & anywhere.

How do they get started?

Import or Create a Wallet

If you have a wallet, import your existing wallet (Metamask|Coinbase|Ledger|WalletConnect). Upon importing your wallet, any tokens and NFTs in your wallet will be displayed on the Summary screen.

If you do not have a wallet, you can create a wallet easily on Krystal Mobile (iOS|Android). Krystal is non-custodial, so you are in sole control of your funds and private keys. With Krystal wallet, you can store and manage digital assets on all of our supported blockchains.

To learn more about how you can import, create and fund a wallet on Krystal, you can watch our Beginner’s Guide series.

• Click on ‘Ethereum’ at the top left hand corner

• Select ‘Avalanche’

The steps are the same on Krystal Desktop and Mobile (iOS|Android).

How to Bridge Assets to Avalanche?

Use Avalanche Bridge (AB), a cross-chain bridging technology that transfers ERC-20 assets to the Avalanche C-Chain (Mainnet). Other bridges are coming soon.

After bridging assets, they will be displayed as asset.e (ex. WETH.e, USDT.e). Your assets will be automatically displayed on the Summary screen. If not displayed, you can add the custom token addresses. View the list of supported assets on the proof of assets page.

Earn Krystal Points on Trading Activities

And of course, Krystal’s exclusive rewards program (Krystal Points) extends to trade activities on Avalanche.

You will accumulate Krystal Points (KP) from all your trade activities; earned KP can be redeemed to AVAX and transferred into your wallets.

(1 KP is equivalent to 0.0001 AVAX)

• Import your wallet on Krystal.
• Go to the “Krystal Points” tab. You will be able to see the referral codes assigned to your wallet address.
• If your wallet supports more than 1 network, the same referral codes will be applied to your wallets on the other networks.
• For example: Metamask supports all 4 networks. I have the same wallet address across Ethereum, BSC, Polygon and Avalanche, so I have the same referral codes across all 4 networks.

• Krystal Points will differ based on the blockchain you earn it on. For example, trades on BSC earns you bKP, while trades on Polygon earns you pKP.
• For trade activity on Avalanche, you earn aKP, which you can then

To learn more about Krystal Points and the Referral Program, you can read about it here.

What’s Next?

Krystal will soon integrate with more DEXes in the Avalanche ecosystem, so users can be assured of the best token swap rates on Krystal.

Krystal will also integrate with leading lending protocols like BENQI and Aave. Krystal users will soon be able to deposit tokens to earn interest on Avalanche.

We are steadfast in our crusade to make popular DeFi services accessible to the masses. Stay tuned for more updates as we continue to support the latest trends in crypto by introducing market-fit & popular features.

Follow Krystal on Telegram and Twitter to be the first to find out about newest updates & features.

About Avalanche

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche’s high performance has led it to become a popular, rapidly growing venue for DeFi Dapps and NFTs. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try an app on Avalanche today.

About Krystal

Krystal is a multi-chain platform to simplify access to popular decentralized finance (DeFi) services and manage NFTs.

To simplify a user’s DeFi experience, Krystal has built an intuitive user interface that acts a single point of access to transact with multiple protocols such as KyberDMM, Uniswap, Aave, Compound, Venus Protocol, PancakeSwap, SushiSwap, QuickSwap, ApeSwap, MDEX, BabySwap, BakerySwap, Pangolin & Kyber Network.

Krystal aims to be every user’s go-to venue for swapping tokens, earning passive income, NFT management, portfolio management and market insights. Topping it off, Krystal’s one-of-a-kind rewards program earns users bonus incentives when they trade or successfully refer friends. Since its launch in April 2021, Krystal has attracted thousands of users from over 87 countries.

Krystal currently supports 23 DeFi services on 4 blockchains — Ethereum mainnet, Binance Smart Chain, Polygon and Avalanche. It will soon expand to other networks such as Solana, Polkadot and Cronos to cater to more users.

SOURCE

https://medium.com/krystaldefi/krystal-expands-to-avalanche-5c00fb06d6d1