Author: PolygonTimes

APR and APY are two common metrics displayed by decentralized applications, but what do they mean? In the world of DeFi, the abbreviations “APR” and “APY” are like salt and pepper. Incredibly common, and yet, very different! Becoming familiar with these terms is vital to being a successful DeFi enthusiast! What is APR? APR stands for “annual percentage rate”, to put simply, it is a metric that indicates the potential return on investment after a single year. For example, an APR of 100% means that you would double your initial investment within a year’s time. If you put in $20…

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How do yield farming rewards work? What is inflation? Lets dig into emissions and what they mean! Have you ever wondered how yield farms are capable of offering such high interest rates? And, why is it that some yield farming tokens struggle to gain traction, while others thrive? Many factors contribute to the strength of a yield farm like Crystl Finance, and it helps to know what they are. In this article, let’s take a look at the concepts of inflation, emissions, and scarcity! Inflation In The Early Days We have all seen the crazy high interest rates available on…

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How’s it going #CrystalCrew 👋? As you know Vaults are now one of the main services available on Crystl.Finance 🤩! If you have no idea what a Vault is or how it works, this article is for you! Together we’ll go over everything you need to know about Vaults, how they work, and how Crystl Finance takes its own spin on Vaults as a service 🧐. What Are Vaults? Vaults are a general term in DeFi (decentralized finance) normally used to describe a type of protocol that is designed to grow assets by means of compounding interest. In other words,…

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Everyone invests into cryptocurrency and DeFi for various reasons, but it’s safe to say that we all share a common goal in wanting to become successful investors 😀! Of course, as we all know there are many paths to success and the path is not always clear 🤔. You might be looking for some easy answers… However, in this article we want to help you change your thinking 😮! What does that mean? Well, rather than telling you what to buy and what to invest in, at Crystl Finance💎we believe in empowering you with the knowledge and the kind of…

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Whether it’s your first time interacting with a DeFi protocol or the 100th time this week, this article is designed to help you learn a little bit about what you’re actually doing when you’re clicking buttons on the screen and collecting ”magic internet money” on a decentralized application like Crystl.Finance! Many potential DeFi users can be put off by the seemingly “magic” nature of internet money, especially those who are skeptical of its legitimacy. This is something that is incredibly important to overcome if DeFi is ever going to achieve mass-adoption. In this article, we will attempt to give readers…

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⚠️Disclaimer: The information on this article should not be interpreted as financial advice.⚠️ Decentralized Finance is full of all sorts of interesting projects! From AMMs (Automated Market Makers), to semi-collateralized stable coins, synthetic assets, yield farms, and lots of other interesting stuff. The beauty of smart contracts (the technology on which all decentralized applications, dApps for short, are based) is that the sky’s the limit! Today we’ll be taking a brief look at what an AMM is, what benefits they have, how they work, and how they tie back to a yield farming platform like Crystl Finance. What is an…

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⚠️Disclaimer: The information on this article should not be interpreted as financial advice.⚠️ Decentralized Finance (DeFi) Decentralized Finance, or DeFi is a sector in the cryptocurrency space that is full of opportunities. Many users see DeFi as a means to financial freedom and an escape from low interest rates offered in Centralized Finance (CeFi) by banks and traditional investments. One of the main draws to DeFi are of course – lucrative & juicy returns! As an example, see the wide range of high interest Pools on 💎 Crystl.Finance/pools. The biggest difference between DeFi and CeFi is in the concept of…

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AvtoCheddar🧀 and ⚙️ Treblemaker from avtoMATIC dropped by to talk to ☆CryptoGirlfriend☆ about the exciting stuff they have been working on and to take some questions from the community. To celebrate the AMA, five members from our community who took part in the question-and-answer segment at the end were selected to win a share of prizes worth $150! If you would like more information about avtoMATIC, please visit their website at https://avtomatic.finance/, their Telegram at https://t.me/avtoMATIC_Official and/or their Twitter at https://twitter.com/avto_matic. avtoMATIC Interview ☆CryptoGirlfriend☆: Welcome everyone to our AMA today with avtoMATIC! I will be your host today. The chat…

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In the past four months, the Rubic development team has identified some of the most important problems facing the crypto industry today and have been working on a groundbreaking new feature that has the potential to revolutionize the crypto space. We have created and are in the midst of testing the world’s first cross-chain routing solution and will officially launch on the 31st of August. The Problem Unfortunately, the current state of trading platforms in the crypto industry is still overly complex with plenty of restrictions regarding many crypto-related features. One of the biggest problems plaguing crypto investors is in relation…

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In a developing story, a hacker reportedly exploited an inadequate signing process to make off with more than $600 Million in various cryptocurrencies from cross-chain DeFi. Those included in the attack are Ethereum, Polygon, and BSC. If the amount is accurate, the theft marks one of the largest cryptocurrency thefts in history. What We Know On Tuesday, Poly Network tweeted out confirming the attack on its network. Important Notice:We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon Assets had been transferred to hacker’s following addresses:ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71— Poly Network (@PolyNetwork2) August 10, 2021 Poly called on miners…

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