Commonwealth is excited to spotlight Crescent Network, one of our Cosmos communities. As Crescent aims to provide connected DeFi functionality within the Cosmos ecosystem, we’re excited to see how they continue to use our governance platform to involve their community in decentralized decision-making!
Crescent Network: Innovating Inter-Blockchain DeFi Technology
Crescent is a DeFi Hub that invites users to explore limitless possibilities of digital assets by unifying various blockchains in ways unseen in the Cosmos ecosystem. The platform focuses on three primary functionalities: the Crescent DEX, Crescent Boost, and Crescent Derivatives.
Crescent Network is committed to achieving the following objectives:
- Providing a marketplace for multi-chain assets with capital-efficient liquidity incentivization
- Securing a cross-chain collateralization protocol for users to effectively manage the risks of their portfolio
An array of utilities will be built by the team and perfected by the community through governance, each embracing the core fundamentals of the network.
Crescent Network provides significant amplified liquidity for both established and growing solutions, allowing for an optimized trading experience of various tokens. The platform's vision is to become the liquidity driver hub that nurtures and incubates liquidity, catering to the rapid expansion of the Cosmos Ecosystem.
Commonwealth: The All-In-One DAO and Community Platform
Commonwealth accommodates various governance processes. This way, crypto projects don’t need to be managed across multiple platforms, like Discord and Telegram, once they create a forum on our website. Since our inception more than two years ago, we’ve become the all-in-one governance tool and crypto-native community used by many of the top DeFi projects to discuss, vote on, and fund their initiatives. This is because we’re the first project to provide an all-in-one platform for decentralized governance, community discussions, treasury management, and more.
At its core, blockchain technology is creating a decentralized system that operates without a central authority. This allows DAOs to organize themselves online. In a DAO, decisions are made by a community organized around a specific set of rules all coded on the blockchain, making them 100% transparent and community-driven. They happen to share one bank account, where members vote on how funds are raised and distributed. In contrast, the critical decisions of today’s leading financial institutions are made by a select group of people behind closed doors. We want to usher in the future of decentralized governance.
By joining Commonwealth, Crescent’s community operations and processes will be upgraded. Everything from discussions to executing proposals can happen on our platform, giving them more efficient community management. With more functionality on a streamlined system, their governance process has become seamless.
Participate in the Crescent Network Commonwealth Forum
The Crescent forum on Commonwealth was built custom for their ecosystem and includes the following capabilities:
- Crypto-Native Token Forum: The Crescent community on Commonwealth comes with full forum capabilities including threaded discussions, upvotes, user profiles, and more.
- On-Chain Governance: The Crescent community can discuss, vote on, and execute governance proposals all on-chain and with complete transparency through the new Commonwealth forum.
The Crescent forum is now live! Users are encouraged to create a discussion or proposal on their platform at https://commonwealth.im/crescent-forum/