Krystal is LIVE! One Platform, All DeFi

Sunny Jain
Krystal Wallet
Published in
4 min readApr 20, 2021
https://krystal.app

Say Hello to Krystal

Today, we’re excited to present Krystal to the world — One Platform, All DeFi for everyday users!

Krystal is a brand new non-custodial app with an immersive and frictionless DeFi (decentralized finance) user experience that will save users time, money, and effort by consolidating the best DeFi services under one roof.

Krystal will launch first as a mobile app (already available on iOS and Android), with the web app available in the next few weeks.

Token Swaps

Krystal empowers you to decide which DEX protocol you want to use to swap tokens. We went a step further by showing you rates as well as gas consumption offered by different protocols. Krystal is non-custodial, and does not hold your tokens at any time. This way, we have made token swaps both seamless and secure for you.

At launch Krystal has integrated with Uniswap and Kyber Network for the swap functionality. In the coming weeks, we plan to add more DEX protocols (Sushiswap, Kyber DMM, aggregators etc.) to provide the best rates for users.

Krystal also supports all tokens (33k+) that are available at Kyber and Uniswap!

Easy to compare rates by different DEXes

Earn Interest Easily

Krystal offers a new feature to earn passive interest i.e. deposit tokens on different platforms to earn interest easily. You can deposit and withdraw at any time. Furthermore, there are no additional platform fees on deposits and withdrawals.

Easy to compare interest rates and deposit tokens

To offer this service, Krystal has natively integrated with popular money market protocols Aave and Compound. Together, these protocols have over $23B worth of assets locked and used to help users earn interest. Users can decide which platform to deposit/lend tokens to earn interest. More specialised platforms will be integrated soon to make earning higher interest and maximising the use of capital a seamless process for everyone!

Integrated With Market-Leading Decentralized Oracles

To best provide the most reliable infrastructure, both Band Protocol (tag) and Chainlink (tag) have been integrated to deliver accurate price feeds that enable users to make well-informed decisions.

The Band Standard Dataset with over 196+ symbols supported is most widely used across Krystal as it offers the largest and most frequently updated price oracle feed for foreign exchange and crypto-assets — all on a decentralized oracle network with 72 active validators and $1.3B bonded to secure the platform.

Referral Bonus Program

Krystal also allows you to be an affiliate and refer the Krystal app to your friends to earn rewards in ETH. We’ve built a comprehensive point-based reward system that we call Krystal Points. As a user, you can earn Krystal Points through multiple avenues (e.g. a referral link) and redeem all your Krystal Points as ETH. We will be sharing more information on our special Referral Program soon.

To earn rewards, please use the code KRYSTAL while importing your wallet in the app.

Hassle-Free Portfolio Management

Krystal will provide convenient portfolio management tools so that you can easily monitor and track your assets across multiple platforms and stay on top of your DeFi game. Easily source for DeFi opportunities, rebalance your portfolio, and manage your liquidity pools and yield farms all within one intuitive, user-friendly interface. No technical knowledge required!

The Krystal app allows you to create a new wallet, import your existing ethereum wallet or even watch a wallet address.

  • Easy to cancel or speed up pending transactions
  • Automatic push notifications on sharp price movements in the market
  • Adding/importing a custom token that you want Krystal to track for you
  • Mining governance tokens (via other protocols like Compound)
  • Track interest earned from multiple protocols
  • Sending and receiving tokens
  • Bonus rewards and incentives
  • Quickly search through the transaction history of a wallet

Plenty More Features in the Pipeline

The features listed above are just the beginning! There are many more exciting features lined up for Krystal users such as a Dapp browser, liquidity provision mechanisms, as well as others that are not easily accessible elsewhere. Stay tuned!

In summary, Krystal is a one-stop shop for thousands of users to enjoy a frictionless and secure DeFi experience. Krystal seamlessly aggregates different DeFi services under one roof, saving users time, money, and effort.

At launch, it will bring together 4 of the best DeFi protocols in the space — Kyber Network, Uniswap, Aave, and Compound — with many more coming soon. Krystal will be heavily community-driven and we welcome feedback on what features you’d like to see on the app!

Try Krystal Now to Navigate the DeFi Space!

You can download Krystal app from google play store and apple app store directly. For APK and other ways to download, please refer to the Krystal website at Krystal.app

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