This proposal recommends adding a new pool on mStable Earn: the MTA-CRO pool from Cryptocom DeFi Swap. Once implemented, liquidity providers (LP) of this pool will be able to stake their LP token on mStable Earn interface to mine $MTA (and also be rewarded with $CRO on Cryptocom DeFi Swap).
[Proposed reward amount]
LPs of the MTA-CRO pool from Cryptocom DeFi Swap will receive two tokens:
- MTA: 30K units / week (with 10K provided by Cryptocom);
- CRO: distributed via Cryptocom DeFi Swap natively per Cryptocom reward rules, see whitepaper for details.
The weekly rewards will last for 4 weeks - with possible extension beyond.
Cryptocom was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Cryptocom serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through a wide range of products such as the Cryptocom App, the Cryptocom Card and the Cryptocom Exchange and DeFi offerings.
Cryptocom is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Cryptocom is headquartered in Hong Kong with a 600+ strong team.
To better support its mission, Cryptocom has been venturing into the decentralized finance space. It has launched Cryptocom DeFi Wallet - a non-custodial wallet that lets users have full control of their private keys, and Cryptocom DeFi Swap - a web application where users can provide liquidity and/ or swap tokens, and receive rewards powered by CRO. In addition, Cryptocom has been actively conducting research on DeFi topics, including the DeFi Research Hub with a repertoire of self-produced reports, and a recent joint collaboration with BCG on the Rise of DeFi.
The Cryptocom Coin (CRO) token is the token that powers the overall Cryptocom ecosystem with over 5 million users, including token utility across payment, trading and financial services use cases (including De-Fi). Issued in 2018, CRO has gained significant traction in the crypto market and is now one of the top 20 crypto currencies with around 2 billion USD market capitalization.
For more details on Cryptocom and CRO, please refer to the whitepaper: https://crypto.com/images/crypto_com_whitepaper.pdf.