CrossFi brings together stakeholders in the filecoin ecosystem looking to utilize decentralized finance. Two leading filecoin mining manufacturers, Dataline and DCTech, are early supporters and have worked directly with the CrossFi tech team to develop the initial solution utilizing CrossFi’s MAP technology.
The key value CrossFi brings to the DeFi space is to give liquidity to locked digital assets similar to a bond. For example, filecoin users can stake their FIL on the filecoin network using the CrossFi protocol and mint an equivalent value amount of ERC20 compliant liquid cFIL. This is a two-way reversal process, meaning users wanting to later unlock their staked filecoin must send the equivalent amount cFIL to the redemption contract, executing a burn of the synthetic cFIL for a small settlement fee. As the protocol-supported liquidity pool is chain-agnostic and utilizes synthetic assets, there is virtually zero slippage as a result of asset swapping.
What is the highest value CrossFi (CRFI) has ever reached?
CrossFi (CRFI) reached its peak price at 19.43 $ on 03 May 2021, approximately 4 years ago ago. Presently, the current price is -99.95% lower than this all-time high.
What is the fully diluted valuation of CrossFi (CRFI)?
The fully diluted valuation (FDV) of CrossFi (CRFI) stands at $ 791,248. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of CRFI tokens. The realization of this FDV might take several years depending on the emission schedule of CRFI tokens.
How to add CrossFi (CRFI) to MetaMask?
By integrating CrossFi (CRFI) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import CRFI as a token. You can either manually import CRFI by copying its contract address (0xae20bc46300bab5d85612c6bc6ea87ea0f186035) or use MetaMask's Chrome extension to add CRFI with a single click through P.CASH.
How to add CrossFi (CRFI) to TrustWallet?
Incorporating CrossFi (CRFI) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include CRFI, you can either manually import it using the contract address (0xae20bc46300bab5d85612c6bc6ea87ea0f186035) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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