CRED is a BNB Chain based DeFi project which aims to create a new financial ecosystem that helps to create stable human empowerment. The project will provide an easy-to-use platform by leveraging multi-asset crypto financing capabilities on different blockchains CRED will initially operate on the Binance Smart Chain (BSC) network, with interoperability with Polygon.
It is CRED DeFi’s mission to provide highly secure yield enhancement products for coins like stablecoins and altcoins, offering users the ability to earn high risk-adjusted returns. The product suite includes single-token yield-enhancement stablecoin and non-stablecoin vaults, lending & borrowing and leveraged vaults. In order to provide the features above, CRED DeFi will offer a universally usable wallet, token swap platform, and interoperability across different blockchain net-works.
CRED DeFi’s token ($CRED) is a limited supply token with a total supply of 6,000,000,000. The token minting period is 6 years, 30% of total supply (5% to be burnt half yearly for 6 years) being rewarded to the liquidity providers (LPs). and 70% of total supply for distribution.