👻Crypt Finance Docs

The official documentation of crypt.finance

What is CRYPT.FINANCE?

Crypt Finance is an algorithmic stable coin protocol pegged 1:1 to TOMB on Fantom. Much like Tomb Finance, our protocol uses three tokens (SKULL, GRAIL, CRYPT) to incentivise a stable 1:1 peg to TOMB. The protocol's underlying mechanism dynamically adjusts SKULL's supply, pushing its price up or down relative to the price TOMB.

What is the differentiating factor between this and other protocols?

The main difference between this and other algorithmic protocols is that Crypt finance will be building other sub-protocols that will induce burning mechanisms on SKULL from the get go. From day 1 we will be launching with our innovative set of auto-compounders that will not only help to generate deflationary pressures for a peg token but also help foster partnerships with other similar protocols.

Whilst we can not reveal all plans yet in fear of getting front run, these complimentary projects/protocols will be aimed at exploiting the flows of cash in the DeFi space and rerouting them into helping maintain our peg.

So, instead of just releasing useless nft sets with no inherent utility we will be bringing income and cold hard cash back to the protocol with automatic burns from revenue generating projects.

TLDR: The team sees crypt finance as a bootstrapping mechanism in order to help us deliver our future projects to you underneath 1 umbrella.

DISCLAIMER:

Do your own research before investing. Investing in defi protocols is risky and may result in monetary loss.

By using Crypt Finance, you agree that the Crypt Finance team is not responsible for any financial losses from investing in Crypt Finance nor do we promise any valuable returns now or in the future. Crypt Finance does not operate or control the contracts on the blockchain of this protocol, these are open and permissionless and we are unable to stop anyone from using the protocol directly from the blockchain.

In using these contracts you acknowledge that you understand this and are complying with the laws of your local jurisdiction.