Crystl.Finance https://www.crystl.finance/ would like to propose a mutually beneficial service built for the SushiSwap and Crystl communities that brings stakeholders of the SushiSwap platform and SUSHI token lovers a way to accumulate more SUSHI!
Crystl’s upcoming product, termed “V3 Vaults”, allows for the creation of SUSHI-maximizing “Ultra Farms”. If built, these will provide users with a way to conveniently maximize & automate their SUSHI token earnings. By farming rewards earned in the farms on Onsen Menu on Polygon and feeding them into the Sushi Bar feature to stake SUSHI for XSUSHI, it is possible to create an automated, fully on-chain strategy that exponentially grows a position in SUSHI tokens.
In this proposal, the primary ask from Crystl Finance is that the SushiSwap community makes the Sushi Bar feature available on Polygon with the intention of building Ultra Farms on top of it. We also request that both platforms perform mutual co-marketing in support of this new feature offered on Polygon along with SUSHI Ultra Farms.
Crystl Finance is a Premier Vaulting Platform on Polygon & Cronos offering passive income & automation services such as Ultra Farms and Boosted Vaults. We are strategically partnered with ApeSwap and our mission is to build products that help users automate their investments, while serving to help projects to achieve capital efficiency on their liquidity.
Crystl Finance is offering to build a service (Ultra Farms) that provides convenience to SushiSwap users to accumulate SUSHI tokens without manual hassles. The Sushi Bar must be extended over to Polygon in order for Crystl Finance to create Ultra Farms such as the following generalized strategy:
Stake TOKEN A + TOKEN B → Earn TOKEN C → Stake TOKEN C (Auto-compounding)
See the following animated infographic for a demonstration: SUSHI Ultra Farm
- TOKEN A = The 1st token in the deposited LP of the underlying farm
- TOKEN B = The 2nd token in the deposited LP of the underlying farm
- TOKEN C = The SUSHI token earned on the farm, to be staked in the Sushi Bar for XSUSHI
For dual reward farms, tokens will be automatically swapped to SUSHI in order to be staked for XSUSHI in the Sushi Bar. Key candidates for Ultra Farms on Polygon are those which have a high farm TVL compared to TVL in the leading liquidity aggregator(s), indicating preference for SUSHI accumulation. Example: WETH+gOHM farm. See the following animated infographic for a clear demonstration: SUSHI Ultra Farm ETH-gOHM
We request mutually beneficial co-marketing with SushiSwap in support of raising awareness of this new feature. Further deployments can be made on demand as requested by the SushiSwap community on Polygon or other blockchains…
The SushiSwap community stands out in the DeFi landscape as being success-oriented with the platform. Between SushiSwap and Crystl Finance, our values align firmly in the sense that both have a deep desire to empower users as well as lead the innovation of DeFi. What motivated our desire to work with SushiSwap was wanting to give Sushi users a hands-free way to maximize their SUSHI earnings. Crystl Finance seeks to extend our services to the SushiSwap community to bring the ultimate convenience in automation for SUSHI accumulation.
Typically, investors enjoy the most convenient and time efficient route to earning passive income. In contradiction, SushiSwap currently has no automated element for users to maximize SUSHI on Polygon. Harvesting SUSHI rewards, bridging them to the Ethereum mainnet, and staking in the Sushi Bar are all steps that have to be performed manually, costing valuable time and gas fees. In the case of dual reward farms, this process is further encumbered with the need to manually swap undesired tokens for SUSHI. With Sushi Bar available on Polygon, Ultra Farms built by Crystl Finance would allow the SushiSwap community to benefit from the convenience of an automated service that lets users stake all their farmed rewards in the Sushi Bar for XSUSHI without manual hassles. This provides a holistic way for the SushiSwap community to maximize passive income their way while supporting their favorite project with the deposit-and-forget approach of earning $SUSHI ($xSUSHI).
Making the Sushi Bar available on Polygon may be a technical lift. Besides this, there is very little to no lift that the SushiSwap team would have to provide to make this possible. All we expect in return is co-marketing to promote the Ultra Farms feature for SushiSwap’s investors.
- Implement Sushi Bar on Polygon and launch Ultra Farms for SUSHI
- Do not implement Sushi Bar or SUSHI Ultra Farms on Polygon