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PolyCrystal — Combating Inflation with Auto-Compounding Vaults
This article was written for the BSC Times, a one stop shop for everything you need to stay updated in the BSC space.
Someone call the doctor, I don’t think the PolyCrystal team has slept at all in the past 2 months!
That’s probably a slight exaggeration, but it shouldn’t be too far off the truth. I previously covered PolyCrystal in two separate articles, giving a quick overview of the project 3 weeks after they went live and their launch of the PolyCrystal Portal barely 2 weeks after that.
In the second article, I made a comment about how the PolyCrystal team aren’t one to rest on their laurels. Just under 2 months old, they’ve become a relative heavyweight in the Polygon space, boasting over $15m in TVL, an impressive, combined total of over 60 $CRYSTL pools and LP farms offering up to 2000% APR and the continued development of an end to end service that helps BSC projects go cross chain onto Polygon.
Today, very much true to form, they’ve proven themselves once again with the launch of their latest offering — Auto Compounding Vaults.
Auto Compounding Vaults
The concept of a vault is by no means a new one. On the BSC we’ve got the likes of ApeRocket and PancakeBunny, while projects on Polygon are served by vaults like PolyCat and many other BSC vaults expanding into the Polygon space.