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We don’t do a roadmap, but we have a very clear plan to improve attractive products like Cross Yield, Cross Send, Cross Pool…
Roadmap? We don’t do that here
Last month, Hot Cross had the fiercest race since its launch in May 2021. We have introduced Cross Yield – new multi-chain profit optimization engine, introduces brand new UI/UX and “home” for all Hot Cross apps.
This November, Hot Cross not only builds new products, but also accelerates the optimization of existing products. Many people wonder why we don’t do roadmap?
Because there is a saying like this:
“If you want to make God laugh, tell him your plan.”
Basically, the more we plan, the more things change. So we choose to develop and improve the product based on the feedback we get from people. That is our culture and it will continue to be.
Here are the latest updates on our products.
Cross Pool and strategy to curb greed
There are some changes on Cross Pool that you may not have noticed: You can now see which pool your claim is pending in, and there is also a page dedicated to the HOTCROSS pool.
This means that if you just want to hold HOTCROSS and don’t want to scroll up and down thousands of different pools, you can now locate the HOTCROSS pool easily. Cross Pool is doing well, and users may want to get extremely high APR (annual percentage interest), but the truth is that 1% is better than 0%.
We think a reasonable APR would be in the range of 5 – 15%. Because the “huge giant” APR is never sustainable in the long run and it will harm the platform. If profits spiral out of control, the ultimate scenario is that high profit seekers and capitalism’s “mercenaries” will come and go, leaving communities harmed in the process.
So, in some ways, we are working to curb user greed, while creating a superior experience for on-chain staking.
Cross Send sends a batch of multi-chain tokens
Recently, we also launched Cross Send Supports mass sending of tokens on multi-chain. This feature is being strongly responded by users.
We will consider boosting Cross Send promotion through SEO strategy and gaining market share in the “pie” of mass tokenization products, as well as allowing third-party products to leverage Cross Send to serve customers. community service and their own needs.
Farming HOTCROSS LP & Risk Reduction Impermanent Loss
If you are a liquidity provider (LP), you will be extremely interested in Impermanent Loss (temporary loss), but we believe that, in the end, such risks will no longer exist in both CeFi and DeFi.
Currently, we are taking a number of measures to mitigate these losses. In addition, LPs are rewarded for swap fees, and in some cases also for providing liquidity (Liquidity Mining).
The first is the Cross Pool for #BinanceSmartChain. Access https://crosspool.hotcross.com/ and Stake your PCS LP to get $CAKE.
Initial Hot Cross Offerings (IHO) – Pontoon Finance
Hot Cross audited and just launched Pontoon Finance. This is a protocol that provides cross-chain liquidity between different networks such as Ether, BSC, HECO Chain, xDAI, POLYGON, OPTIMISM supported by relayer and participation in liquidity mining of LPs.
Pontoon Finance has some outstanding features as follows:
- Decentralized Relayer Network.
- Cross-chain Liquidity Pool.
- Trustless Cross-chain Bridge.
- Cross-chain interoperability.
Find out more about Pontoon’s floating feature & tokenomics information now: What is Pontoon (TOON)??
BSC.NEWS and BTS Labs, as well as several others, are assisting us with communications.
Cross Yield: Optimizing multi-chain profits
This product is being audited 3/5. We also plan to launch it first on Binance Smart Chain, then Avalanche (Trader Joe), and then Polygon.