CrossFi
  • CrossFi
  • ENGLISH
    • Introduction
    • DApp Instructions
      • Ethereum chain(ERC20)
        • Getting started
        • Add CRFI and cFIL on wallet
        • Start CrossFi DApp
        • Stake CRFI and cFIL
        • Swap FIL and cFIL
        • CrossFi Borrow (Flashloan)
        • Ethereum chain to BNB Smart Chain
      • BNB Smart Chain (BNB)
        • Getting started
        • Add CRFI and cFIL on wallet
        • Start CrossFi DApp
        • Stake CRFI and cFIL
        • Swap FIL and cFIL
        • MetaMask Wallet Withdrawal Guide
        • CrossFi Borrow (Flashloan)
        • CSO (CrossFi Swap Opportunity)
        • BNB Smart Chain to Ethereum chain
      • Invitation Reward
    • CrossFi - CRFI
      • Token Listing
      • Token Economics
      • Token Distribution
      • Token Contract
      • white paper
      • Audit
    • FAQs
    • Roadmap
    • Channels
    • Announcement
      • What are Liquidity Pool (LP) Tokens?
      • CSO Follow Up Report
      • IT IS TODAY!
      • Let the countdown begin!
      • CrossFi Swap Opportunity is here once again!
      • 9th Round CSO Summit Unveiling Soon
      • Suspend recharge business
      • CrossFi Will Support the Filecoin (FIL) Network Upgrade
      • AMA Recap — CrossFi x Metatalkz
      • CSO Follow Up Report
      • Countdown 0 day
      • Countdown 1 day
      • Countdown 2 days
      • Let the countdown begin!
      • The CrossFi swap opportunity is back
      • CSO #8 coming soon
      • What is Flash Loan
      • What is Exchange Trust Fund
      • The Liquidity Crisis in Crypto Ecosystem
      • CrossFi WorldCup Final Prediction
      • Understanding Blockchain Trilemma
      • World Cup CrossFi Event
      • CSO Follow Up Report
      • Financial Inclusivity– The role of DeFi
      • Will start in an hour and a half🚀
      • Countdown to the day
      • Countdown to 2 days
      • Are you ready? Countdown to 3 days
      • Greetings, CrossFi Family!
      • How does Crypto Lending and Borrowing Work?
      • What are Meme Coins
      • What is Governance Token
      • What is Multi-Asset Staking
      • What is the Difference Between APY and APR
      • Understanding the Difference Between Cryptocurrency and Stock
      • Ethereum Merge– The CrossFi Outlook
      • Announcement
      • Understanding the Basics of Peer-to-Peer Network
      • Atomic Swaps
      • Difference Between Centralized and Decentralized Cloud Storage System
      • How Secure are Crosschain Solutions– Why CrossFi?
      • CSO #6 is a success!
      • CSO #6 Is On 10th August!
        • Countdown to 1 days for CSO #6
        • Countdown to 2 days for CSO #6
        • Countdown to 3 days for CSO #6
      • Understanding Transaction Fees on Blockchain
      • Passion Economy– GameFi, and how it is incentivising Gamers
      • Difference Between Token and Coin
      • Custodial and Non-Custodial Wallets
      • The Basics of Investing in DeFi
      • Exploring DeFi Oracles, and Their Roles in Decentralized Finance
      • What is Impermanent Loss and How to Avoid it
      • Reassessing the Use Cases of Blockchain in the Real World
      • Revisiting the Basics Functionalities of Stablecoins
      • The updated version of our DEX will be live in the third quarter.
      • The Role of Dapps in the Web3 Ecosystem
      • Permissionless, Decentralized Web– Revisiting the Basics of Web3
      • IPFS is Taking Cloud a Step Further with Decentralized Storage
      • An Expository into the Filecoin Ecosystem
      • The Blossoms of Traditional Banking Dwindles as DeFi Enters the Stage
      • Revisiting Blockchain Scalability and the Fate of Adoption in a Bear Market
      • Revisiting Privacy, Free Speech and Censorship in Web3
      • Blockchain Accessibility
      • The World Doesn’t Need Banks, Policymakers or NGOs — It Needs DeFi
      • Proof-of-Work and Proof-of-Stake Compared
      • NFTs at a Glance
      • The Journey Towards DEX Regulation
      • CSO #5 Is On 10th May!
        • ONLY a few hours to go for the CSO #5
        • One day to go!
        • Two days to go!
        • Get ready for CSO #5 just 3 days to go stay tuned
      • Liquidity Pool
      • DEX Aggregators– All You Need to Know
      • Importance of Cross Chain Solutions– A Future Outlook
      • Introducing Aurora
      • Raising Global Investment in DeFi Space– Growth and Analysis
      • CrossFi Staking Rewards
      • Announcing the winner of the meme contest
      • Functions of DEX–A Brief Overview
      • The meme contest is coming to an end
      • Announcement
      • Deploy CrossFi DEX on Aurora
      • We're happy to announce new features on our DEX protocol.
      • GREAT NEWS!
      • Less than 24 hours until our big announcement!!
      • CrossFi Discord Meme Contest is here!
      • Something Big Coming on CrossFi
      • What exactly is a Decentralized Exchange(DEX)?
      • CRFI(CrossFi)will be listed on LBank
      • Know more about CrossFi
      • The 2022 Roadmap For The CrossFi DEX
      • Our website has been newly updated!
      • CSO #4 Successfully Concluded!
      • Markets Are Up & CSO #4 Is On 10th February!
        • It's today! Are you excited? Wallets ready?
        • One day to go! Better save the date AND time!
        • Two days to go until the start of the CSO #4!
    • CSO burns
      • CSO #15
      • CSO #14
      • CSO #13
      • CSO #12
      • CSO #11
      • CSO #10
      • CSO #9
      • CSO #8
      • CSO #7
      • CSO #6
      • CSO #5
      • CSO #4
      • CSO #3
      • CSO #2
      • CSO #1
    • CSO #12
  • 中文
    • 项目简介
    • DApp 使用说明
      • 以太坊链(ERC20)
        • 入门
        • 语言切换
        • 添加CRFI、cFIL
        • 进入CrossFi DApp
        • 质押cFIL、CRFI
        • 兑换FIL、cFIL
        • CrossFi 借贷(闪贷)
        • ETH链兑换BNB智能链
      • BNB智能链(BNB)
        • 入门
        • 语言切换
        • 添加CRFI、cFIL
        • 进入CrossFi DApp
        • 质押cFIL、CRFI
        • 兑换FIL、cFIL
        • MetaMask 钱包提取指南
        • CrossFi 借贷(闪贷)
        • CSO(CrossFi 兑换机会)
        • BNB智能链兑换ETH链
      • 邀请奖励
    • CrossFi - CRFI
      • 代币上市
      • 代币经济
      • 代币分配
      • 代币合约
      • 白皮书
      • 审计
    • 常见问题
    • 频道
  • Tiếng Việt
    • Giới thiệu
    • Litepaper
    • Hướng dẫn sử dụng Dapps
      • Ethereum (ERC20)
        • Bắt đầu
        • Thêm CRFI và cFIL trên ví
        • Khởi động CrossFi DApp
        • Stake CRFI and cFIL
        • Chuyển đổi FIL và cFIL
        • Borrow CrossFI (cho vay nhanh)
        • CSO (Cơ hội hoán đổi CrossFi)
        • Ethereum chain to BNB Smart Chain
      • BNB Smart Chain (BNB)
        • Bắt đầu
        • Thêm CRFI và cFIL trên ví
        • Khởi động CrossFi DApp
        • Stake CRFI and cFIL
        • Chuyển đổi FIL và cFIL
        • Borrow CrossFI (cho vay nhanh)
        • CSO (Cơ hội hoán đổi CrossFi)
        • BNB Smart Chain to Ethereum chain
      • Phần thưởng lời mời
    • CrossFi - CRFI
      • Niêm yết token
      • Token Economics
      • Phân phối Token
      • Token Contract
      • Kiểm toán
    • FAQs
    • Các kênh truyền thông
  • Bahasa Indonesia
    • PERKENALAN
    • PETUNJUK DAPP
      • BNB Smart Chain (BNB)
        • Memulai
        • Tambahkan CRFI dan cFIL di Dompet
        • Memulai CrossFI DAPP
        • Stake CRFI dan cFIL
        • Tukar FIL dan cFIL
        • Pinjaman CrossFI (Dana Cepat)
        • BNB Smart Chain ke Ethereum chain
      • Ethereum (ERC20)
        • Memulai
        • Tambahkan CRFI dan cFIL di Dompet
        • Mulai CrossFI Dapp
        • Stake CRFI dan cFIL
        • Swap FIL dan cFIL
        • Pinjaman CrossFi (Dana Cepat)
        • Ethereum chain ke BNB Smart Chain
      • Hadiah Undangan
    • CrossFi - CRFI
      • Daftar Token
      • Token Ekonomi
      • Pembagian Token
      • Kontrak Token
      • Audit
    • FAQs
    • Lite paper
    • Channels
Powered by GitBook
On this page
  • Product type
  • Calculation of Mining Revenue
  • CRFI Dynamic Rate of Return Rules

Was this helpful?

  1. ENGLISH
  2. CrossFi - CRFI

Token Economics

PreviousToken ListingNextToken Distribution

Last updated 3 years ago

Was this helpful?

In the CrossFi ecosystem, all synthetic assets use the native token CRFI as the only collateral asset. Users can stake CRFI tokens with a collateral ratio of 200% and at the same time mint the basic synthetic asset value unit cUSD (1:1 pegged to the US Dollar). After the user mints the basic synthetic asset unit cUSD, it can be exchanged for any advanced synthetic asset based on it, such as synthetic Bitcoin, synthetic Ether, synthetic stock or synthetic asset ETF.

In the initial stage, in order to effectively control the debt risk in the entire system, a large number of other assets will not be introduced as collateral assets. In the future, even if other collateral assets (such as BTC or ETH) are introduced, an independent debt pool will be created to control the system risk.

In addition to serving as the only collateral asset, CRFI will also serve as a native asset providing incentives for the nodes of the entire network, and also acting as the payment medium and value unit of on-chain services such as on-chain transfer, transaction, asset minting, and burning.

In order to further incentivise users to mortgage assets, a certain percentage of the fees in the entire CrossFi system will be drawn to a common fee pool, and then distributed to all CRFI token stakers. In addition, only users who have staked CRFI tokens can activate the right to participate in the community governance of CrossFi. CRFI tokens will have an annual inflation rate of 5%-10%, of which 80% of the inflated tokens will be allocated to all CRFI token stakers, and the remaining 20% of the new tokens will be allocated to the Stabilization Fund to hedge the market risk.

CRFI will also serve as the collateral asset and trading pair for the creation of synthetic assets. Whenever a synthetic asset, such as cUSD, is minted, a collateral ratio of 200% of CRFI tokens must be staked. CRFI token holders can earn rewards by staking their CRFI and securing the network through validator nodes. CRFI stakers will receive staking rewards and service fees in exchange for providing the security, computation, and storage as required by the network. CRFI has a built-in inflationary mechanism at an annual inflation rate of 5-10%. 80% of these tokens will be redistributed pro-rate to CRFI stakers, with the remaining 20% allocated to a stabilization fund. The stabilization fund is intended to help control inflation, ensure proper community incentives, and generally, hedge against risk. The stabilization fund will provide the liquidity pool for the platform stablecoin - cUSD.

Product type

1.Current: current interest is not fixed, the principal and mining income are available at any time, and the interest rate is floating.

2.Regular: Regularly interest is not fixed, the principal is withdrawn at maturity, the mining income can be withdrawn at any time, and the interest rate is floating.

Calculation of Mining Revenue

The feature of CrossFi product is single token lock-up and double mining, depositing FIL and CRFI can mine two kinds of tokens.

The rewards of the same token are based on the token to produce income. For example, the cFIL rate of return is 30% after depositing cFIL for 90 days, the return after maturity is calculated as follows:

Different tokens are based on the USDT to produce income. For example, the 90-day CRFI yield of cFIL is 100%, the price of FIL is 60, and the price of CRFI is 2U. Then the total CRFI income obtained after maturity is: cFIL total deposit*FIL token price*100%/365*90/CRFI token price.

CRFI Dynamic Rate of Return Rules

The daily total output of CRFI is fixed, and the interest rate of each sector is adjusted with the adjustment of the total pledge amount.

Locked cFIL interest rate:

interest=mining∗CRFIp/lockedcFILv∗FILp∗365∗100interest =mining*CRFIp/locked cFILv*FILp*365*100%interest=mining∗CRFIp/lockedcFILv∗FILp∗365∗100
  • User's daily mining output = daily fixed mining output * user cFIL weighted capital amount / platform cFIL total weighted capital amount

  • User cFIL weighted capital amount = user locked cFIL amount * locked product weight

  • The total weighted amount of platform cFIL funds = (current lock-up amount * weight) + (90days lock-up amount * weight) + (180days lock-up * weight) + (365days lock-up * weight) + (540days lock-up * weight)

Locked CRFI interest rate:

interest=mining/lockedCRFIv∗365∗100interest = mining/locked CRFIv*365*100%interest=mining/lockedCRFIv∗365∗100
  • User's daily mining output = daily fixed mining output * user CRFI weighted capital amount / platform CRFI total weighted capital amount

  • User CRFI weighted capital amount = user locked CRFI amount * locked product weight

  • The total weighted amount of plstform CRFI funds = (current lock-up amount * weight) + (90days lock-up amount * weight) + (180days lock-up * weight) + (365days lock-up * weight) + (540days lock-up * weight)

Mining weight table:

cycle

weight

cycle

weight

cFIL

current

1

CRFI

current

1

90 days

1.5

90 days

1.5

180 days

2

180 days

2

360 days

2.5

360 days

2.5

540 days

3

540 days

3