The Binance Smart Chain protocol aims to innovate yield farming optimization, aggregation by creating innovative smart vault strategies which are set to go live on July 31st at 14:00 UTC.
Introducing Crudeoil Finance
Crudeoil Finance is a next-generation decentralized yield aggregator/optimizer built on Binance Smart Chain (BSC) for the Decentralized Finance (DeFi) economy. Crudeoil Finance automatically maximizes the user rewards from various liquidity pools (LPs), Automated Market Making (AMM) projects, and other yield farming concepts through a set of various staking strategies which are secured by the ironclad smart contracts in the ecosystem. You can stake your crypto in our smart vaults to automatically increase your deposited token and get additional CRUDE token rewards.
Why Choose Crudeoil?
Following is the list of Crudeoil Finance’s key features including their innovations they have brought to yield optimization.
Competitive APYs with High-Frequency Compounding
Crudeoil APYs are higher than any competitors in the space. Using high-frequency compounding, they manage to acquire the highest APYs possible.
Intuitive and Responsive UI
Next-generation User Interface (UI) will allow users to use the platform without any hassle. The platform is completely responsive and new users can get used to it in a short span of time.
Additional CRUDE Rewards to Boost the Overall APY
Additional CRUDE rewards per each smart vault will boost up the cumulative APYs. Hence every staking user will get an additional CRUDE token reward
Negligible Platform Fees
Platform fees are extremely low compared to the competitors in the space.
Buyback and Burn
A portion of the platform fee will be redirected to market buyback of CRUDE and burn automatically
Audited by the Top Blockchain Security Firms in the Space
Certik, Techrate, RD auditors are among the leading blockchain security firms to audit the Crudeoil finance backend smart contract codes.
Soon-to-be-launched AI smart vaults will elevate the yield optimizations to new capabilities.
CRUDE Tokenomics
The CRUDE token will be the fuel in our behemoth yield optimizer engine. The token will serve as the driving force behind the platform’s features..CRUDE is a native BEP20 token on BSC.
CRUDE Max Supply: 100,000 CRUDE
Compensation for the OIL and DIESEL holders: 10,000 CRUDE
Marketing and Exchange Listing: 15,000 CRUDE (15%)(This is heavily vested over 2 years unless required for an immediate CEX listing)
PancakeSwap Liquidity: 5,000 CRUDE (5%) (Liquidity locked)
Staking Rewards: 70,000 CRUDE (70%) (Not minted at the beginning. Once the platform is live, rewards will get minted and locked in the smart contract). This will be added to the circulating supply gradually over the many years
Initial Circulating Supply: 10,000 CRUDE
CRUDE Token Features
Crudeoil Yield Optimizer is a next-generation product that offers additional rewards from CRUDE tokens per each smart vault. This results in realizing a higher cumulative APY in order to get a competitive advantage over competitors in the space.
Example: If someone stakes CAKE/BNB pancake LP on our platform, we not only compound the LP (which will result in a higher APY compared to the Farm APR) but provide an additional CRUDE reward as well. This will result in an additional APY boost from the CRUDE token which will result in a higher cumulative APY
Platform Fee Dividends
A portion of the platform fee will be distributed among the CRUDE stakers in our platform which will be an additional reward.
Buyback and Burn Deflationary Measures
A portion of the platform fee is directed towards buying back CRUDE from the market. These bought-back tokens are burned forever which will result in the reduction of the total supply over time, making it a scarce asset. This process will continue till the total supply becomes 5000 CRUDE.
Trading and Exchange Listing
We have plans to list CRUDE on a few centralized exchanges over time.
Driving Fuel For Other Products
The Crudeoil Non-Fungible-Token (NFT) marketplace, playground, and other ecosystem products will be driven by CRUDE token
Decentralized Autonomous Organization (DAO)
CRUDE token is its governance token, therefore, all decisions and proposals will be agreed upon by the majority of holders. Buying and holding CRUDE grants users voting power. The higher the number of CRUDE tokens held, the higher the voting power users have on proposals.
To learn more about Crudeoil Finance, visit the following links.
Email: [email protected]
Source : bsc.news
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