New kind of Dexs are up in the Blockchain space and they have improved over general Dexs that were a rage a few years ago. Crescent is one kind of Dex that differs from basic Dexs with its enhanced capabilities.
Crescent is designed to be a Dex which provides deep liquidity for coin trading pairs, while LP providers get maximum rewards for their liquidity contribution to a coin pair in Crescent Dex. The main principle adhered to by the Dex is to function in a capital efficient manner.
Additional liquidity in Crescent Dex with Market Makers providing liquidity
Crescent is a Hybrid Dex with an order book feature. Here, just like other AMM Dexs there are LP providers who provide liquidity to coin pair pools, but apart from this there are Market Makers(MM) as well, who provide liquidity to coins making coins available for traders to trade at specific price ranges.
An extra feature in Crescent Dex that’s lacking in other Dexs - Order Book
With Order book, users can get visibility on the sell and buy order price and trading volume, just like in CEX. This is a very useful feature for traders.
Crescent’s Hybrid Dex advantage - Liquidity from both LP providers and Market Makers
Market Makers (MM) have to be whitelisted, they are selected by the community through Governance Proposal after they register to be a MM. MM’s quality of liquidity will be evaluated off chain, based on which they will be rewarded and incentivised.
LP providers get incentivised though LP rewards plus farming rewards, where LP providers get CRE tokens for staking their earned LP rewards.
MMs are also incentivised through CRE tokens.
Crescent is designed to be a hybrid Dex having deep liquidity combining liquidity provided by LP providers from Crescent’s AMM module and Market Makers who provide stable liquidity for both buy and ask trades.
Crescent’s Order Book aggregates liquidity provided by both AMM LP providers and Market Makers (MM). This way even small LP providers become market makers, earning LP rewards and CRE farming rewards.
This is the foundation of Crescent as a Hybrid Dex, but it offers much more.
This article ventures to explain how Crescent is different from other AMMs as it’s a Hybrid Dex with an Order Book. However, apart from this, Crescent has more features than other Dexs that’s all introduced to sort out common limitations of existing Dexs which I will cover in my next article.
Crescent is a Cosmos chain Hybrid Dex. Crescent Dex has its own validator set, and users can stake their CRE for staking rewards.
Crescent's Liquid Staking Module
In Crescent, staking is easy, because all we need to do is stake CRE in Crescent’s Liquid Staking module and get bCRE that’s bonded CRE which users can use in DEFI.
The staked CRE goes to whitelisted validators whose performance is tracked, and whose management is done by community through the Governance process.
This is a capital efficient feature in Crescent, as CRE holders can earn staking rewards while earning further rewards using their liquid staked CRE; bCRE in DEFI.
There’s a CRE -bCRE pool which is a low risk pool to provide liquidity for CRE holders, while getting maximum earnings of CRE tokens. It’s low risk as they are the same tokens, so there is no possibility of impermanent loss.
That’s all folks…
You can check out Crescent Dex here -
App -: https://app.crescent.network/staking
Learn about Crescent Dex - :
https://docs.crescent.network/introduction/what-is-crescent
*Read updates about Crescent on Twitter -: *
https://twitter.com/CrescentHub
Join Crescent’s Discort Channel -:
