Crudeoil Finance is a next-generation decentralized deflationary yield optimizer and NFT marketplace for the DeFi economy. Yield optimizer works on an automatic solution that seeks to offer good returns for the users. This token is inspired and built on the concept of crude oil.
Crude oil is a natural petroleum product created by hydrocarbon deposits and other organic elements. It is a limited nonrenewable resource that cannot be replaced naturally. The Crudeoil Finance crypto asset is built on the same concept where supply is limited and decreases over time.
As mentioned on the website, Crudeoil Finance operates on Binance Smart Chain and is audited by Certik/RD Auditors and Techrate. The tokens generated through Crudeoil Finance are $OIL, $DIESEL, and $CRUDE.
Holders get a chance of earning rewards as $OIL by staking their Smart Chain assets (BEP20). $DIESEL is a fixed supply token with no burn mechanism implemented. This token is primarily used for trading NFTs on their upcoming NFT marketplace. In a nutshell, both tokens seek to play an essential role in the yield farming optimizer.
Both $OIL and $DIESEL are merged to create $CRUDE. $CRUDE is the native governance token that seeks to allow users to participate in the decision-making process by simply holding and staking. To receive $CRUDE, users can swap their $OIL and $DIESEL using the native Crudeoil app.
Crudeoil Finance has developed a powerful tool and protocol to seek to maximize the profit by adjusting the invested capital around to pools where the APY percentage and expected profit is higher. APY (annual percentage yield) is a basic calculation of the return rate used in crypto and traditional finance. The power of smart contracts helps eliminate the need for manual research and seeks to allow users to earn a more significant income by optimizing the yields.
