Ecosystem Tokens

Crust uses four tokens to manage its utility and governance:

$preCRST — ERC-20 pre Launch token

$CRST — ERC-20 utility token of the protocol

$oCRST — ERC-20 call option token of the protocol

$veCRST — ERC-721 governance token in the form of an NFT (non-fungible token)

$bveCRST — ERC-20 that can be redeemed only into veCRST

$preCRST

$preCRST - 0x6965A4F636Bb07dd8bED9174E885A0F7E7879308

$oCRST

$oCRST -

$oCRST is used for rewarding liquidity providers through emissions.

Liquidity providers in gauges receive the $oCRST emissions directed to the gauge but forgo receiving swap fees. $oCRST is a call option token that is used as the emission token for the Crust protocol. 1 $oCRST lets you purchase 1 $CRST token at a discounted rate or lock your $oCRST 1:1 for veCRST (max locked). Holders of $oCRST can exercise the right to discounted $CRST by paying with $USDC to convert their $oCRST tokens into $CRST. The discount rate may be subject to change based on market conditions.

veCRST

$veCRST -

veCRST is used for governance. Any $CRST holder can vote-escrow their tokens and receive veCRST (also known as veNFT) in exchange. Additional tokens can be added to the veCRST NFT at any time.

veCRST holders receive from 70% to 90% of trading fees and 100% bribes from the gauge they voted for.

veCRST Specifications:

• ve(3,3) Mechanics: Combination of Olympus DAO's rebase mechanism and Curve's vote-escrowed model

• Gauge: Pool to earn $CRST rewards based on veCRST weekly voting allocation; no negative voting

• Bribes: Custom amount of tokens paid by a third party on a gauge to veCRST holders in exchange for their votes

• Max Lock: 2 years

• Farming Boost is included, this will boost the emissions of veCRST holders that are LPing

• Flexibility: veCRST positions can be merged, split, and sold on the secondary market

Voting:

• Epochs last for 7 days, after which bribes and trading fees are distributed

• Earn only from gauges you have voted for

• Trading fees and bribes claimable as a lump sum after Epoch has ended (n+1)

• Weekly voting required to be eligible for fees and bribes, unless using an optimizer

• Pre-approval of vote coming soon

• Vote can be changed or reset at any time

• Vote weights reset each Epoch; must vote each Epoch to earn fees and bribes.

bveCRST

$bveCRST -