CrossFi

CrossFi

CrossFi CRFI Rank #5581

Ultimate Guide to Buy CrossFi (CRFI) Token. Explanation, quote and staking

CrossFi Exchanges

Exchange Market Pairs Buy
LBank LTC/USDT -
Bittrex BTC/USD -
What is CrossFiCrossFi is an interoperable cross-chain liquidity solution for decentralized finance. CrossFi introduces L1 + L2 trust level to help scale transaction speed, lower fuel rate, and further expand to improve user experience by offering users availability for any liquidity pool, such as Ethereum, Binance Smart Chain, Polkadot, Flow or any other blockchain infrastructure. Developed as a way to ensure the liquidity of locked-up digital assets, the CrossFi protocol uses industry-leading interoperability technology to connect diverse assets through public chains that link the DeFi space. The basis for the superior interoperability of the protocol is the use of the Multi-Asset Adapter Protocol (MAP) which acts as a bridge between compatible public chains and as a network of adapters between incompatible chains. Managed by independent network nodes, the MAP is based on Substrate, the open source blockchain development framework created by Parity, which supports rapid coupling and distribution of blockchain networks to the PolkadotFilecoin EcosystemCrossFi network brings together stakeholders in the filecoin ecosystem trying to use decentralized finance. Two major filecoin miners, Dataline and DCTech, are early proponents and collaborated directly with the CrossFi technical team to develop the initial solution using CrossFi MAP technology. The key value that CrossFi brings to the DeFi space is providing liquidity to locked-up digital assets similar to a bond. For example, filecoin users can point their FIL to the filecoin network using the CrossFi protocol and mint an amount of value equivalent to ERC20-compliant liquid cFIL. This is a two-way reversal process, meaning that users who wish to unlock their filecoin by staking later must send the equivalent amount of cFIL to the redemption deal, burning the synthetic cFIL for a small settlement fee. . Since the protocol-backed liquidity pool is chain-agnostic and uses synthetic assets, slippage is virtually nil as a result of asset trading. CRFICRFI is a utility token used in the CrossFi ecosystem. Its multi-asset protocol allows users to secure native assets and map them into a synthetic asset on another blockchain, allowing their synthetic derivative to be traded as if it originated on that chain. CRFI is the native currency of the CrossFi ecosystem and is used as gas to run on-chain operations and to pay service and transaction fees. CRFI will also act as a collateral asset and trading pair for the creation of synthetic assets. Every time a synthetic asset, such as cUSD, is minted, a collateral index of 200% of the CRFI tokens must be staked. CRFI token holders can earn rewards by pointing their CRFI and securing the network through validating nodes. CRFI participants will receive participation rewards and service fees in exchange for providing security, computing, and storage as required by the network. CRFI has a built-in inflation mechanism at an annual inflation rate of 5-10%. 80% of these tokens will be proportionally redistributed to CRFI participants, while the remaining 20% ​​will go to a stabilization fund. The stabilization fund is intended to help control inflation, ensure adequate incentives for the community, and generally protect against risks. The stabilization fund will provide the liquidity pool for the stablecoin platform, cUSD.