Functionality

The CRSS Vault receives a share of almost all Crosswise platform fees for a given network. These fees are sent to the CRSS Vault. When users convert their CRSS, they receive a share of that pool in addition to voting rights required for governance purposes. Your sCRSS continuously accumulates rewards. Once you convert back to CRSS, you receive your original deposit, in addition to your share of the platform fees that accumulated in the meantime.

Ecosystem Benefits

In designing sCRSS we wanted to achieve a number of objectives. Apart from providing a stake in platform revenue and voting mechanics, we also wanted to ensure that it offers users an alternative product with a different risk profile. Importantly we designed sCRSS to co-exist in synergy with its older sibling CRSS.

Overall this helps slow down the velocity of CRSS token, by extending the range of options and strategies that users can opt for.

$sCRSS Schematics