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CrossFi is a decentralized asset lending and liquidity sharing protocol with cross-chain interoperability technology as the core. The liquidity barrier between chain assets provides space for asset value enhancement and liquidity expansion support for the further development of DeFi, and truly creates a new generation of value Internet ecology based on Web3 asset interconnection.
In the CrossFi ecosystem, all synthetic assets use the original asset CRFI as the only collateral asset. Users can lock CRFI tokens with an asset mortgage rate of not less than 200%, and at the same time mint the basic synthetic asset value unit cUSD (1:1 anchored to the value of the US dollar). After the user obtains the basic synthetic asset unit cUSD, it can be exchanged for any advanced synthetic asset based on it, such as synthetic Bitcoin, synthetic Ethereum, synthetic stock or synthetic asset ETF, etc.
In addition to being a mortgage asset, CRFI will also serve as the original asset function in the CrossFi transfer public chain, responsible for providing incentives for the nodes of the entire network, and also a series of transactions such as transfers, transactions, asset casting and destruction on the chain. The value measure and payment medium of on-chain services.