CryptoCurrencies
14024
Exchanges
500
Total Market Cap
2,580,526,213,394
Volume 24h
103,355,562,127
Dominance
BTC 50.93%   ETH 15.29%   USDT 4.26%   BNB 3.62%

CrossFi
CRFI

0.008497
$
2.00 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 0.5976
Total Supply
100,000,000
CRFI
$
# Exchange Pair Price Volume 24h

Description

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.