Tutorial

Crescent $CRE — Complete staking guide — Imperator.co

Crescent Network is live with $CRE for DEX, derivatives, and boost. Claim $CRE airdrop, stake via Emeris or Disperze app & earn rewards. Imperator.co validator

Author

Imperator

Date

Apr 14, 2022

Crescent complete staking guide, with the Crescent moon logo, provided by Imperator.co, set against a gradient background transitioning from a dusky twilight to a deep ocean blue.
Crescent complete staking guide, with the Crescent moon logo, provided by Imperator.co, set against a gradient background transitioning from a dusky twilight to a deep ocean blue.
Crescent complete staking guide, with the Crescent moon logo, provided by Imperator.co, set against a gradient background transitioning from a dusky twilight to a deep ocean blue.

The Crescent Network is live! This article is a full step by step guide that aims to present the project as well as showing you how to stake your $CRE tokens.

Let’s start👇

🌙 What is Crescent?

Crescent is a DeFi Hub owned by $CRE holders that offers three core activities:

  1. Crescent DEX

The Crescent DEX is an hybrid DEX that combines automated market making (AMM) with orderbook for capital efficient trading. Link for the app is: https://app.crescent.network/swap

The DEX provides many functionalities such as:

  • LP Farming: Earn rewards by providing liquidity on the major liquidity pools. The DEX focus its farming rewards on major pairs to have the deepest liquidity for the main tokens in the Cosmos Ecosystem. Therefore the trading cost (slippage) would be one of the most competitive of the ecosystem.

  • Liquid Staking: Stake $CRE to receive $bCRE (bonded $CRE with a 14-days unbonding period) that can be deposited into liquidity pools. By doing that, you will earn staking rewards as well as farming rewards on top.

  • Range Liquidity: The Range Liquidity is a system similar to Uniswap V3.

Note: Crescent DEX would be the only activity available at launch. The DEX will have zero swap fee for at least more than 1 year.

2 & 3. Crescent Derivatives & Boost:

Both Crescent Derivative & Boost will provide Crescent DEX LP providers ways to hedge and leverage the LP position so that LP investors can tailor their risk-return profile. You will be able to create different sophisticated strategies, such as market neutral strategies with amplified farming rewards.

Crescent: a DeFi hub

🪂 Airdrop: Get your $CRE

tokens right now

All users that were staking $ATOM on the 2022–01–01 at 00:00 UTC is eligible for a $CRE airdrop, except those who were delegating to centralized exchange validators.

👉 You can check your eligibility and get your $CRE here: https://airdrop.crescent.network/

$CRE allocation

💰 What is Staking?

Staking is the process of locking up a digital asset to provide economic security for a public blockchain. You have the superpower to contribute to the network’s security and it grants you the right to vote on proposals and make decisions on the future of the blockchain.

When the staking transaction is complete, rewards will start to be generated immediately. At any time, stakers can send a transaction to claim their accumulated rewards.

Staking rewards are generated and distributed to staked holders in two ways:

  1. Through transaction fees collected by the network and distributed to stakers.

  2. Through the inflation rate, the total supply is inflated to reward stakers.

⚠️ Holders that do not stake do not receive rewards, meaning their capital gets diluted over time.

Staking is not risk-free. If a validator has downtime or underperforms, a percentage of tokens delegated to them may be forfeited. To mitigate these risks, it is recommended that holders delegate to multiple validators.

📚🌙 How to stake $CRE?

Solution 1: The Emeris App

Go directly on the the Emeris App using this link: **https://app.emeris.com/staking/ucre/stake** and connect your Keplr wallet. If you do not have one, you can check our tutorial here.

You will see this page:

Emeris app: select a Validator

Write the name of the validator you want to stake your tokens with, for example Imperator.co, which has a low commission rate of 1% only.

Emeris app: looking for a validator

Click on “Stake”, then you will have this window:

Enter the amount to stake

Select the amount of $CRE you want to stake, click on “Continue” to finally get to the “Review your stake” page:

Review your stake

Then, click on the “Confirm and continue” button and confirm the staking transaction below:

Approve the transaction, wait a few minutes, and well done! You finally staked your $CRE. Open your Keplr wallet to see the distinction between your staked tokens and non staked tokens.

Keplr wallet — Staked / Non Staked $CRE

Solution 2: Using the Disperze app

By going here: https://crescent.disperze.network/validators select the validator you want to stake with, for example Imperator.co:

Imperator.co on Disperze

Click on the validator’s name (Imperator.co) and you will arrive to this page below:

Click on the “Stake” button:

Choose the amount

Then, put the amount you want to Stake, click on “Next”

Send the transaction

And finally, click on “Send”. Last step is to approve the transaction:

You can now check your Keplr wallet and see that you have your amount staked:

Keplr wallet — Staked / Non Staked $CRE

Congratulations, you have now staked your $CRE

⚠️ If you want to benefit from the liquid staking option offered by the Crescent DEX, you have to stake your $CRE with the genesis validators, the liquid staking is available here: https://app.crescent.network/staking

Thank you very much for your support, we hope that this article was helpful. If it was the case, please show us your support by clapping for this article.

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Get started with staking

Dive into blockchain governance with Imperator. Join our staking program for up-to-the-minute updates and take an active role in shaping the future of decentralized finance.

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Subscribe to our newsletter

Stay ahead in the blockchain world with Imperator's newsletter. Get the latest updates, insights, and exclusive content delivered directly to your inbox.

Get started with staking

Dive into blockchain governance with Imperator. Join our staking program for up-to-the-minute updates and take an active role in shaping the future of decentralized finance.

Latest popular protocol

Subscribe to our newsletter

Stay ahead in the blockchain world with Imperator's newsletter. Get the latest updates, insights, and exclusive content delivered directly to your inbox.