I already did. Holding some USDC for the first time in over a year. I bought some AVAX last month in anticipation of this Avalanche-hosted equivalent of DFK, and am just trying to figure out how I navigate multiple chain assets into the Crystalvale gardens. I must be really stupid - I have tried all sorts of stuff and canât easily understand how metamask handles and stores tokens. I need to do some deep reading. On top of that there are various gremlins in the new systems that cause you to need to do some things two or three times over before they work.
I am smiling because, unlike my introduction to DeFi Kingdoms back in Nov 2021, I got in on this one at day 2 instead of day 60 odd. A headline interest rate of about 10% a day is a first for me, and I am fully prepared for the impermanent loss of Crystal that will surely come quickly. Like the Jewel token, I am just going to stack these within the game and tuck them away for future. Tokenomics of liquidity pairs, especially leveraged liquidity pairs is a true ponzi scheme, and nobody who is serious about this fringe investment says otherwise.
15 crystal reward from 117 xJewel/Jewel pair on deposit is 13% in less than 2 days. I expect Crystal to tank (and maybe Jewel will too), but right now, one xJewel = 1.72 Jewel, a xJewel-Jewel pair is therefore 2.72 Jewel and the 15.4 crystal reward is about 3.4 x 15.4 =52.36 Jewel. So value of the deposit (the first airdrop value) is 117*2.72 *$10 = $3,182 and the interest from less than 2 days deposit is 15.4 x 2.72 x $10 = $419 or +13.1% for 1.5 days.
There is a lock in period in this first week of 95% of tokens, and that reduces on a weekly basis. More and more Crystal can be withdrawn as the period you hold tokens in the garden lengthens. By comparison with the Jewel lock in in DFK on Harmony (ONE), the first week of lock in was 98%, and now at about 36, about 72% of tokens not locked in already from previous withdrawals can be released. The remainder locked can be withdrawn at week 52 over the following year at 2% per week. It will be the same with Crystalvale with respect to locking in the Crystal. Itâs a bit complicated to get your head around but I already have around five times the original number of Jewel and ONE that I locked into the gardens in Serendale (DFK) after 4 months so I am no longer trying to predict future value, but expect it to be positive, not negative.
When searching four enormous spreadsheets to find my public key and hence how many Crystal in total I will be dropped, one player at the bottom of the list (sorted in reverse order of quantity of Crystal earned) had 51,111 Crystal, approximately 180K Jewel, or $1.8M of âcrystalâ value at yesterdayâs headline value of $35. A shark for sure whilst I feel like a little tadpole that just grew into a frog.
The DFK folks have just created three organisations out of one. DFK Studios, DFK Serenvale on ONE, and DFK Crystalvale on their own DFK network that runs on Avalanche. Iâd say they are about to create some billionaires since they have already created quite a few millionaires since last August.