[Accepted]Crystl Finance Yield Maximization

[JimmyTheHypnotist]

Proposal details

Project Name

Crystl Finance

Project Type

Integrate IoTeX

Proposal Description

Crystl Finance is a Yield Maximizer & Vaulting Platform on the Cronos & Polygon (Matic) blockchains. We offer Vaulting as a Service to DeFi and Blockchain projects as well as users in order to help them maximize their liquidity and earnings. Crystl Finance is listed on the Crypto.com DeFi Wallet app and we have partnered with multiple large partners including ApeSwap and Relay Chain to provide Vaults and build liquidity and we plan to do the same with the leading projects on IoTeX.

Crystl Finance will bring new users and continued marketing to the IoTeX Ecosystem. We have had over 180,000 site users in the past 3 months, and over 25,000 community members across our social media sites. These numbers will increase even further as we expand to multiple new blockchains. We will heavily market both the launch and all partnerships and updates we have on IoTeX in order to bring as many new users as possible to IoTex.

We are working on releasing our own unique Vaulting and Yield Maximizing Strategies through our V3 Vaults and Ultra Farms (details in the link below). With V3, we are able to streamline the user experience with our Zap Functionality which allows users to go from a single token to an LP deposited in the Vault in one transaction. We can also “Boost” our Vaults with additional rewards in order to build greater liquidity and attract new users. These will also allow further maximization of liquidity on IoTeX as well as reduce sell pressure on projects’ tokens which will help native token prices increase overtime.

Our long-term vision of Crystl Cross-chain expansion and development comes in 3 phases (full presentation here Crystl Vision):

Phase 1: Novel Yield Integration

This comes in the form of our V3 Vaults and Ultra Farms which support and build DEXes and DeFi projects. Our novel code will give users numerous ways to invest as well as allow for smart contracts to be built on top of one another creating innovative chains for yield maximization and wealth management.

Phase 2: Cross-Chain Strategy

Crystl will expand to multiple new blockchains with marketing support, protocol introductions, strong grants & incentives, and aligned visions to ensure an effective launch.

With our expansion, we incorporate our in-depth website analytics to create agile marketing dashboards to consistently improve and optimize the user journey and experience.

Phase 3: Cross-Chain Smart Yield Aggregation

Our final phase will introduce revolutionary new ways for users to seamlessly maximize their yields across multiple chains.

1. Simplified User Flow - Users are able to deposit the tokens that they own, choose the earning token that they want, and select their risk tolerance to achieve the ultimate personalized strategy
2. Off-chain Machine Learning and Graph Algorithms - Based on the selected criteria, an off-chain database uses ML and graph database algorithms to route the optimal path of yield aggregation across different chains and earning opportunities.
3. Cross-chain Compatibility - Using the algorithms, users’ funds are sent or leveraged across multiple chains without them having to worry about or using new chains.

Milestones

[ Split your project into milestones: each one must have its own verifiable deliverables]

Milestone 1: Launch Vaults on IoTeX Chain

Duration (weeks): 2 weeks

Deliverables (make sure they can be easily verified): Launch and Deploy 10 Vaults

Launch V3 Vaults and Ultra Farms on IoTeX Chain

(make sure they can be easily verified): Deploy V3 Vaults & Ultra Farms Contracts on IoTeX and set them up for largest projects to help support and remove sell pressure.

Projected Metrics: $0.3M TVL, 1000Monthly Users

Funds request (USD): 5,000 USD and IoTeX Marketing Support

Milestone 2: Bridge $CRYSTL Token to IoTeX

Deliverables (make sure they can be easily verified): $CRYSTL bridged to IoTeX through Relay Chain with Revenue Sharing set up through Crystl Finance for liquidity.

Projected Metrics: $0.5M TVL, 1500 Monthly Users

Funds request (USD): 5,000 USD

Bounty1:
Projected Metrics: $1.5M TVL, 3000 Monthly Users

Funds request (USD): 5,000 USD

Bounty2:
Projected TVL: $3M TVL, 4500 Monthly Users

Funds request (USD): 5,000 USD

Total funds requested

20,000 USD

About your Team

We are a diverse, global team from multiple countries. Our full team info can be found here: https://polycrystal.gitbook.io/polycrystal-finance/polycrystal-team

Metrics

180,000 Site Users in the past 3 Months
25,000 Social Media Members

Links

Main Site: https://www.crystl.finance/

Presentation Deck: Crystl Vision

V3 Vaults & Ultra Farms Info: https://polycrystal.gitbook.io/polycrystal-finance/product-information/usdcrystl-vaults/v3-vaults

=== Do not change this section ===

By posting a proposal, you accept the rules below:

https://community.iotex.io/t/grant-issuance-rules/3839

Community voting

Community members can vote on grant proposals to facilitate grants assignments to their favorite projects. Please vote on this proposal:

• I Like this proposal
• I Don’t like this proposal

=== When you are ready, please edit this post and fill out mileston reports below below. ===

Milestone Report: #1
Invoice form has been filled out correctly for this milestone.
Deliverable Title: …
Proof: …Please provide a link to resources and/or a demo video
Note: …
Payment tx: …please leave this empty

Milestone Report: #2
Invoice form has been filled out correctly for this milestone.
Deliverable Title: …
Proof: …Please provide a link to resources and/or a demo video
Note: …
Payment tx: …please leave this empty

Milestone Report: #3
Invoice form has been filled out correctly for this milestone.
Deliverable Title: …
Proof: …Please provide a link to resources and/or a demo video
Note: …
Payment tx: …please leave this empty

[efe]

Definitely a project with great promise and it has a successful team! Crystl crew will suit Iotex very well

[kanna2824]

Love Crystl, been using their platform since they launched! Great community and innovative team! One of the very few projects I know that outlasted the others and still building.

[0xCryptoLight]

Would love to see Crystl Finance on IoTeX! The ecosystem and its users have much to gain from Crystl Finance’s V3 product; it’s convenience, as well as new & innovative yield bearing strategies.

[Cami]

Crystl has are a very transparent team and have a great community backing them! Coming with a great new rebrand ,listed on CDC DeFi Wallet and coming with a new inovated code that help projects with sell pressure and to maximize passive income ! Crystl is here for the Long-Term.

[Grizzily]

Thanks for submitting the halo grant application, we are reviewing it

It is suggested that you can add the conditions of TVL and user volume to milestone, so that we can better analyze the expected development of Crystl Finance in iotex in the future

[Cryptoshaman]

this project is amazing…hidden gem could be the next beefy.

[Banaetty]

Crystl Fianance has a great future with new products called V3 Vaults. It will be great for users, partners and us, completely win-win-win situation! I would like to see Crystl Finance on IoTeX

[Huzufer]

Yes is great project, most undervalueble

[Gabri]

Vaults V3 and Ultrafarms are definitelly awesome products:

• user friendly even for new to DeFi through the ZAP feature;

• possibility to invest and see rewards autocompounded and boosted from third party projects;

• avoiding sell pressure to those third party projects’ tokens.

[Badal]

Love Crystl, Excellent and great projects,and i believe this is a faithful project.The projector has a lot of attractive &This is an excellent iniative with super technical team. Next Big Project in crypto World

[JimmyTheHypnotist]

Hey Grizzily, thanks for the response and looking forward to hearing from you and the Team!

To confirm, you would like us to add our expected TVL and user volume for each milestone?

[geo]

Love to see what we can do here

[Defitrader]

Excited for this

[Jospez]

Amazing project, very usefull with V3 vault system.

[ChrisCrypto]

Really cool idea and would be beneficial to the IoTeX ecosystem. Hope to see it get voted through

[Jacqueline]

Really excited about this project! I think it’s really interesting and Crystal Finance Team are perfectly capable to take this opportunity to the next !!

[audball]

This project would add immense value to the IoTex ecosystem. Crystl Finance is really driving innovation and sustainability in the DeFi space. V3 is unique and cannot be found anywhere else.

[obiedobo]

Huge Crystl backer and holder here definitely would recommend taking this proposal!