Crescent Network Airdrop Review: To Claim Free CRE Tokens

About Crescent Network Airdrop

Crescent Network Airdrop is trying to provide a connected DeFi functionality for Cosmos Ecosystem to enhance capital efficiency and manage risk effectively. Crescent Network will commit to and evolve toward providing a marketplace for multi-chain assets with capital-efficient liquidity incentivization and securing a cross-chain collateralization protocol for users to effectively manage risks of their portfolio

Crescent Network is airdropping a total of 50,000,000 CRE to ATOM stakers. Users who’ve staked ATOM by January 1st, 2022 are eligible to claim the airdrop. The number of CRE a user receives is proportional to the square root of delegated ATOM at the time of the snapshot. Users who’ve participated in Gravity DEX governance proposal #38 or #58, provided liquidity to Gravity DEX or used Gravity DEX by the snapshot date will get up to three 2x multipliers on their airdrop.

Step-by-Step Guide

1. Visit the Crescent Network airdrop page.
2. Connect your Keplr wallet.
3. If you’re eligible then you will be able to claim free CRE tokens.
4. Eligible users need to complete certain missions to unlock the full airdrop amount.
5. Users who’ve staked ATOM by January 1st, 2022 are eligible to claim the airdrop.
6. The number of CRE a user receives is proportional to the square root of delegated ATOM at the time of the snapshot.
7. Users who’ve participated in Gravity DEX governance proposal #38 or #58, provided liquidity to Gravity DEX or used Gravity DEX by the snapshot date will get up to three 2x multipliers on their airdrop.
8. Eligible users need to complete certain missions to unlock the full airdrop amount.
9. All unclaimed CRE from the airdrop will be allocated to the Community Fund if it’s not claimed within 6 months after the launch of the platform.
10. For more information regarding the airdrop, see this Medium article.

Crescent DEX

The long-term road to a decentralized, active network begins with Crescent Network Airdrop DEX, a marketplace that embodies the foundational direction:

• Maximization of capital-efficiency through Hybrid AMM/Orderbook methodologies via fair order matching mechanism
• An incentive structure designed to optimize capital-efficiency and quality of liquidity
• Prioritize security when handling exchanges of bridged assets
• No trading fees until a reasonable, justified cause is presented

The structural design of Crescent DEX prevents:

• Unnecessary low-latency competition
• Front-running and validator extractable value (VEV)
• Attack vectors that exploit LP or market makers

while encouraging:

• Crescent Network Airdrop Healthy order price competition among traders and orderbook market makers
• Participation by market-makers, regardless of scale
• Attraction of frequent traders, market makers and arbitrageurs
• An optimized trading fee distribution plan in the future for LP, market making, and CRE staking rewards

Coin Pair

In Crescent DEX, anyone can create a pair of two coins, which is an ordered pair. The ordered coin pair is unique in Crescent DEX, which means only a single pair of a given ordered coin pair is allowed. For example, Crescent DEX can have only one pair for A-B coin pair consisting of Coin A and Coin B. Crescent DEX can also have B-A coin pair, which is different from A-B coin pair.The base coin is the first coin that appears in a coin pair quotation. Consequently, the second coin appeared in the pair is a quote coin.

Liquidity Pool

For a coin pair, a liquidity pool can be created by anyone in Crescent Network Airdrop DEX, where the liquidity pool is to reserve the amount of two different coins of the coin pair.

Users can deposit a pair of coins into the pool so that those users become liquidity providers. A liquidity provider can be anyone who provides liquidity by depositing reserve coins into the pool.

In Crescent DEX, a liquidity pool takes a role of automated market maker (AMM) by utilizing CPM (Constant Product Model) to calculate available liquidity.

Crescent Network Airdrop pool price is defined as the ratio of the number of the quote coins and the number of the base coins in the pool. For the coin pair A-B, the pool price is the number of coin B divided by the number of coin A in the pool.

Crescent DEX will support multiple liquidity pools for a given coin pair with introducing later ranged pools.

Farming Rewards (LP Incentives)

Crescent Network Airdrop provides liquidity incentives to two different liquidity providers: liquidity pool (LP) investors and market makers on orderbook. The market maker incentives will be introduced in Crescent DEX v2. In this section, how the incentive for LP providers will be received. Crescent DEX provides incentives to liquidity pool (LP) investors via farming.

They target to design the incentive plan to break away from the bleeding competition prevalent in the DeFi market and create a capital-efficient and sustainable ecosystem. In the initial stage, LP incentives are provided to stabilize the market and diversify investment options for CRE holders.