Krystal Raises $6.6M to Build Multi-Chain DeFi Management Platform
Today, we are pleased to announce to that we have raised $6.6M to bring our multi-chain DeFi management platform to greater heights đ
The round was led by Hashed, with further backing from Crypto.com, Signum Capital, BlockTower, HyperChain, Arrington Capital, LD Capital, DeFi Alliance, ArkStream Capital, Coin98, and a few angel investors.
What we have achieved
Initially incubated at Kyber Network, Krystal has since developed into a âone-stop shopâ platform for users to interact with different DeFi protocols on multiple blockchains. By consolidating the best DeFi services on a simple user interface, Krystal saves users time, money and effort.
Since the beginning of our journey circa April 2021, Krystal has already:
- Integrated popular decentralized exchange (DEX) protocols such as KyberDMM, Uniswap (V2 & V3), SushiSwap, PancakeSwap (V1 & V2) and QuickSwap to provide convenient trading access to over 40,000 tokens for thousands of users
- Enabled users to earn interest by interacting with Aave (V1 & V2), Compound & Venus Protocol
- Provided users with hassle-free portfolio management tools and market insights
- Introduced an exclusive referral program to reward users with bonus incentives
- Revamped our user interface to continually improve user experience
Krystal currently supports Ethereum, Binance Smart Chain and Polygon, with plans to quickly expand to other networks/chains such as Solana, Polkadot and Cronos.
âIn the short span since Krystalâs launch, the seamless aggregation of multiple DeFi services, such as token swaps, earning interest and portfolio management, has already proven to be a great asset for new DeFi users and veterans alike. Weâre excited to see what new product developments they will deliver to improve usability on various blockchains,â said Simon Kim (CEO & Managing Partner, Hashed).
Whatâs next
âKrystal aims to be THE go-to platform for everyday users to interact with DeFi. By integrating multiple protocols on our simple and intuitive platform, users no longer have to navigate between multiple tabs and complex UX. This simplified DeFi experience reduces fragmentation and saves users time, money and effort,â shares Sunny Jain (CEO, Krystal), about Krystalâs vision.
Krystal will use the newly received funds to expand our team and accelerate our product roadmap to empower users to better manage their portfolio across multiple DeFi services. Our immediate priorities include NFTs, adding more blockchains and improving access to passive income by allowing users to securely do staking, manage liquidity pools and yield farming. Krystal aims to remain non-custodial to make innovative & transparent financial services more accessible globally. Users will always retain control over their funds and private keys.
âď¸LIVE NOWâď¸Krystal Raffle Trading Contest
If you have not used Krystal before, this is the perfect time to be inducted đ We are running a Raffle Trading Contest, where weâre giving out $5,250 worth of prizes to 286 lucky winners!
How to win
- Download Krystal on Mobile (iOS /Android) or use our Desktop Web version.
- Create or Import your wallet. If you are unsure how to, our videos here can help you.
- Swap any amount of token on any chain (Ethereum, BSC, or Polygon) to participate. One swap gives you one chance (1 ticket) to win.
- Trades must be made from 04 August 9 PM â 07 August 9PM GMT+8 to be eligible.
- No limit on participation. One wallet can participate many times.
For more details, check out our post here!
Greater things to come!
Again, major thanks goes to our steadfast Krystal community & partners for the support youâve shown us thus far. This is only the beginning; there is more to come!
Navigate the DeFi Space now with Krystal!
- Desktop Web: https://defi.krystal.app/
- Mobile: iOS | Android
For APK and other ways to download, please refer to the Krystal website at http://krystal.app
Social Media
- Main website: https://krystal.app
- Twitter: https://twitter.com/KrystalDefi
- Telegram: https://t.me/KrystalDefi
- YouTube: https://www.youtube.com/channel/UC716IG8wwq-hWWn4157EQ-Q/featured
