Crafting Finance Weekly Report

Crafting Finance
2 min readJul 19, 2021

7.12–7.18

7/12

We recruited two global ambassadors, one is from Vietnam and the other is from Thailand.They will work for our global community.This our pubilicity twitter.

7/13

We have hold an AMA with Dutch Crypot Investor.

7/14

1. Optimized the code to manage the system parameters such as the white list of mortgage assets, the white list of synthetic assets, the leverage ratio, the transaction rate and the interest rate by a unified contract to facilitate the adjustment of allocation.

2. Completed the function of transaction fee collection. Charged a transaction fee for each transaction in Kingsman, and the transaction fee is uniformly entered into the transaction fee pool.

7/15

Crafting Finance Academy -weekly questions

7/16

We omplete the function of interest collection. Users who generate synthetic assets but do not enter the debt pool will be charged interest, and the interest will be uniformly entered into the interest pool.

7/19–7/25 This week’s forecast

1.Announce our turkish community on telegram and twitter.

2.Continue recruiting global ambassadors.

3.Build our turkish community and do an airdrop in our turkish community.

4.Crafting Finance Academy -Weekly Questions2.

5.Realize the function of increasing and reducing collateral in the mortgage pool, so that users can avoid the situation of warehouse bursting caused by price changes.

6.Realize the recharge and withdrawal functions of synthetic assets that have not entered the debt pool.

7.Assets withdrawal function in the interest pool and trading fee pool.

About Crafting Finance

Crafting Finance, developed on the the Polkadot blockchain, it will use DOT, KSM, BTC, ETH and the CRF issued by the project as collateral, and synthesizes any cryptocurrency or offchain assets such as stock, bonds and gold through smart contracts and oracles, users can exchange various synthetic assets in Kingsman. Kingsman is one of the Crafting Finance product, a synthetic assets trading platform, with the conception of “SDP” (Sharing Debt Pool), Kingsman is characterized by almost unlimited liquidity and zero slip point of trading. The innovation of synthetic assets transaction in Kingsman will make a more flexible and strategic way for users to participate.

Crafting Finance Offical Channel

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Crafting Finance
Crafting Finance

Written by Crafting Finance

Synthetix assets issuance and trading protocol

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