PolyCrystal — The Polygon Yield Farm for DeFi Veterans and Newcomers Alike

This article was written for the BSC Times, a one stop shop for everything you need to stay updated in the BSC space.

Let’s face it, the past couple of weeks have not been easy on anyone who’s invested money in the crypto space. Prices have fallen significantly from their ATH with some continuing to trend ever lower while news of yet another project rugging seem to pop up every other day.

And yet despite the bearish outlook in the crypto space, despite the uncertainties of it all, there are several projects that soldier on, seemingly impervious to market conditions with only one goal in mind — Continuing to build and push out useful new functionalities. It’s these diamonds in the rough that give me hope that nothing has changed in the crypto space besides the price.

The third of ApeSwap’s 10 Commandments — “We’re always buidling”

Today, we’ll take a look at one such project — PolyCrystal.

PolyCrystal Overview

For those already familiar with the BSC space, PolyCrystal is a new decentralized yield farm running on Polygon that uses ApeSwap as its DEX. Launched at the same time ApeSwap branched out into Polygon, PolyCrystal is one of ApeSwap’s official partners and works closely with two advisors from the ApeSwap founding team — Obie Dobo and Harambe Nakamoto.

Despite being just under a month old, PolyCrystal has amassed over $13m in TVL and secured partnerships with several more established projects that are also looking into bridging over from the BSC to Polygon. Among them are Polyroll, FarmHero, and ApeTools to name a few.

Even more impressive is despite the bearish market sentiments, PolyCrystal has managed to maintain several farms (or “Mines” as they’re called within PolyCrystal) with over 500% APR. They also boast various single staking pools where investors are able to stake $CRYSTL (the PolyCrystal token) to earn non native rewards ranging from major cryptocurrencies like ETH and wBTC to stablecoins like USDC and USDT at over 400% APR. The team have released ambitious plans to have at least 30 pools before the end of July and they seem well on their way to…