Proposal #13: Bridge $CRYSTL To New Chains Where Boosts Are Needed

Option A: The $CRYSTL token will be made available to be bridged to new chains and funded with initial liquidity.

Option B: Keep $CRYSTL on current chains (Polygon & Cronos).

Reasoning: In line with the reasoning in the previous Proposal #12, if we are to use $CRYSTL for strategic Boosts to attract TVL into Vaults on new chains, the token will need to be available for cross-chain transfer through a bridge provider.

Making $CRYSTL available on new chains will allow us to Boost V3 Vaults on new chains and make $CRYSTL tradable. Having Boosted Vaults will allow us to create hyper attractive strategies and gather new TVL and performance fees. In doing so, we also open the $CRYSTL token to a much wider market available for purchase. If $CRYSTL cannot be bridged, we have no way of doing Boosts or matching promising partner allocations on new chains.

Note: If we make $CRYSTL bridgeable to new chains this does not mean we will simultaneously launch native Revenue Sharing on these chains. Revenue Sharing on new chains will only be introduced once performance fees being earned are adequate, at which point we will host separate Governance Proposals and have the community vote on whether to introduce Revenue Sharing on these new chains. Until then, performance fees earned on new chains will be used to fund Revenue Sharing on Polygon and Cronos, as well as to support the treasury.

Option A vs. Option B: The first Option A will ensure that $CRYSTL is liquid and bridgeable to new chains and open up opportunities for doing Boosts and helping to sustain Crystl Finance’s longevity. Option B on the other hand will mean that we have to stick to only doing Boosts on existing chains (Polygon and Cronos).