Publish0x is my favorite place, not only for writing and publishing but also to discover new promising cryptocurrency projects. Recently, I stumbled upon the official blog from Krystal DeFi that you can find here on Publish0x.
Krystal DeFi is somehow similar to Symbiosis Finance but more complex. Krystal DeFi allows you to manage all your DeFi assets from different blockchains in one single app including cross-chain swaps and putting your crypto to work. Here is how it works.
What Is Krystal DeFi?
Krystal DeFi is a management platform for all your DeFi assets from different blockchains. With Krystal DeFi, you can
- track and manage all your DeFi assets on a user-friendly interface
- swap any token to any token, even on a different blockchain (Ethereum, Binance Smart Chain, Polygon, Avalanche, Cronos, Fantom, Arbitrum, and Aurora)
- earn interest from idle assets in real-time
- get additional rewards by participating in various Krystal activities
- finally, you can also participate in token sales on the launchpad called Krystal Go
Krystal DeFi is non-custodial which means that your private keys and funds are always in your control. You also do not need to sign up. All you have to do is connect your wallet to engage with all of Krystal DeFi's services. If you don't have a wallet to connect to, you can create a new wallet easily on Krystal`s mobile.
Getting Started With Krystal DeFi
You can access the Krystal app on the desktop or you can download the mobile version.
Make sure to use this link to access the Krystal DeFi website to receive a 25% discount: https://defi.krystal.app/r/TUAAFPEN
When you download the app from your app store, you can use this discount code when you create or import a new wallet: TUAAFPEN
I will show you the steps on the Krystal DeFi website. First of all, choose the network that you want to connect to on the upper left side. Right now, the following networks are supported by Krystal DeFi: Ethereum, Binance Smart Chain, Polygon (former Matic), Avalanche, Cronos, Fantom (You can use it for your Statera payouts from Publish0x), Arbitrum, and Aurora.
Manage Your DeFi Portfolio
The first thing that you can do with Krystal DeFi is tracking and managing all your DeFi assets on a real user-friendly interface. This can be found under the Summary tab. You can check your transaction history, your supply, your liquidity pools, and more. When you click on a single asset, you will be provided with detailed information about that asset.
A really cool feature of this portfolio manager is the possibility of making multiple transactions at the same time. This can be done manually or by uploading a CSV file. The benefit of the multi-send feature is that it will save you a lot on gas fees. You can find this feature under the Explore tab.
You can perform cross-chain token swaps and interact with leading protocols on several blockchains, including KyberSwap, Uniswap, Aave, Venus Protocol, PancakeSwap, SushiSwap, and more.
Choose the cryptocurrencies that you want to swap and enter the amount. Then you will see the estimated amount that you will receive including the slippage rate, the minimum amount that you will receive, and the overall price impact on your swap.
On the screenshot above, the swap will be performed by the SmartSwap DEX as they are giving you the best rates. You can change the DEX by clicking - in this case - on the SmartSwap DEX icon above the approve button.
Krystal DeFi also allows you to earn interest from your stable coins and idle assets in real-time. Simply supply your tokens from different blockchains in a few clicks to start earning interest. You can withdraw your supplied tokens at any time.
If you don't have the token that you want to supply then you can simply swap the required token from any other token. The cool thing is that you can swap and supply in one single transaction to save on gas fees.
Krystal DeFi Bonus Rewards
You can also earn additional bonus rewards by participating in various activities on Krystal DeFi like trading competitions. These activities change frequently. I recommend following Krystal DeFi on their social media like on Twitter, Telegram, or on their official blog here on Publish0x to keep yourself up to date with these activities.
Krystal Go Launchpad
Finally, you can also connect to Krystal GO which is a Launchpad for newly issued tokens. The Launchpad currently supports four different blockchains: Binance Smart Chain, Ethereum, Avalanche, and Polygon.
The projects that are selected for the launchpad are being thoroughly examined for their legitimacy and their ability to deliver. In collaboration with projects from the launchpad, events like AMAs, and Learn & Earns will be organized by Krystal DeFi. These events shall give the community a chance to learn more about the projects.
My Final Words
I hope that I could provide you with some interesting and useful information about Krystal DeFi. I believe that this is a promising project as it offers some unique and useful features. It is an enrichment for the whole DeFi space as it connects different smart contract platforms.
At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of Krystal DeFi and my intention is not to replace your own research. I may look smart on my profile pic but I am not your financial adviser.
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