Crescent Network

With the development capabilities of the Crescent team working as builders, Crescent will gradually take the shape and form that is best optimized for all users, beginning with the initial distribution at Genesis, which will be explained here. Fair and decentralized governance will be at the core of Crescent, with an equal opportunity for each user’s voice to be heard. Embracing the principles of decentralized finance, Crescent will maintain its primary focus on a platform built for and by its users.

What is Crescent?

Crescent is to provide a connected DeFi functionality for Cosmos Ecosystem to enhance capital efficiency and manage risk effectively.

It focuses on the three main functionalities;

• Crescent DEX
• Crescent Boost
• Crescent Derivatives

Crescent Network will commit to, and evolve toward embodiment of the following objectives:

• Providing a marketplace for multi-chain assets with capital-efficient liquidity incentivization
• Securing a cross-chain collateralization protocol for users to effectively manage risks of their portfolio

An array of utilities will be built by the team and perfected by the community through governance, each embracing the core fundamentals of the network.

Crescent DEX

The long-term road to a decentralized, active network begins with Crescent DEX, a marketplace that embodies the foundational direction:

• Maximization of capital-efficiency through Hybrid AMM/Orderbook methodologies via fair order matching mechanism
• An incentive structure designed to optimize capital-efficiency and quality of liquidity
• Prioritize security when handling exchanges of bridged assets
• No trading fees until a reasonable, justified cause is presented

The structural design of Crescent DEX prevents:

• Unnecessary low-latency competition
• Front-running and validator extractable value (VEV)
• Attack vectors that exploit LP or market makers

while encouraging:

• Healthy order price competition among traders and orderbook market makers
• Participation by market-makers, regardless of scale
• Attraction of frequent traders, market makers and arbitrageurs
• An optimized trading fee distribution plan in the future for LP, market making, and CRE staking rewards