Crescent Network ($CRE) is a proof-of-stake blockchain in the Cosmos Ecosystem that aims to provide connected DeFi functionalities for the space, thus enhancing capital efficiency and managing risks. The network focuses on three functionalities known as the Crescent DEX, Crescent Boost, and Crescent Derivatives. Through these functionalities, Crescent aims to provide a marketplace for multichain assets with capital-efficient liquidity incentivization. Additionally, the network focuses on securing a cross-chain collateralization protocol for users to effectively manage the risks of their portfolio.
Holders of the native staking token of the chain, which is CRE in Crescent Network can become validators and can delegate tokens to validators, ultimately determining the effective validator set for the system. For the users to also enjoy many utilities (swap/transfer/deposit) with their assets while staking, Crescent Network uses the concept of liquid staking. Once a user stakes CRE through liquid staking module, the staked CRE is locked but the user receive bCRE (pegged staked representative tokens) instead.
For more information about Crescent, have a look at our blog: https://blog.stakin.com/tag/crescent-network/
Why stake with us?
• Stakin is dedicated to the Cosmos ecosystem. In addition to Crescent and Cosmos, Stakin supports 15+ networks in the Cosmos ecosystem and works on multiple testnet that are built on Ignite (previously Tendermint).
• Active governance participant and voter on all key proposals
• By delegating to Stakin, you contribute to network decentralization by choosing a smaller validator
• We offer dedicated support for all your staking, unstaking, and network-related questions
Why stake with us?