Dearest Penguins, we are excited to announce our 19th IDO is with Cruize Finance!
In the ever-evolving world of cryptocurrencies, volatility-protected yield opportunities have emerged as a crucial aspect, offering investors a pathway to safer and more predictable returns. That is why we are excited to announce that our “DeFi x Exotic Options” project is Cruize Finance!
What is Cruize Finance
The protocol tackles the above statement by providing volatility-protected yield opportunities on crypto. Cruize Finance is equipped with vaults for users to stake their capital and generate safer yields through exotic option strategies in pre-packaged instruments called structured products.
Structured products are pre-packaged investments that normally include assets linked to interest plus one or more derivatives. They are generally tied to an index or basket of securities and are designed to facilitate highly customized risk-return objectives. This is accomplished by taking a traditional security such as a bond and combining it with non-traditional payoffs derived from the performance of one or more underlying assets.
The CRUIZE token provides enhanced value integral to the Cruize ecosystem. Users who stake CRUIZE can enjoy exclusive benefits:
Revenue share from protocol earnings
Boosted yields on deposits
Access to exclusive vaults
You can learn more about Cruize Finance by checking out their whitepaper. More details, insights and whitelist activities will be shared over the next few weeks across both Impossible and Cruize Finance channels.
4 months after full token unlock (i.e. 3 months after TGE)
11/10/2023 - 18/10/2023
Buy-back Period (Opened**)
18/10/2023 - 25/10/2023
*Evaluation Period: The time which Impossible will determine if the token price has dropped below the downside protection price.
**Opened: The time in which the buy-back will be available if Impossible decides to open up the program during the Evaluation Period
Launchpad Pools (Sale cards)
IDIA Standard Sale on Arbitrum
IDIA Unlimited Sale on Arbitrum
IDIA Standard Sale on BSC
vIDIA Standard Sale on BSC
vIDIA Unlimited Sale on BSC
Whitelist Allocation Sales
For Cruize Finance CRUIZE IDO, we will be having 6 sale cards to cater to different users:
IDIA Standard Sale: Stake limit (BSC & Arbitrum) - Users can stake a maximum of 25,000 IDIA tokens at any one time as consideration for allocation. The maximum CRUIZE a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
vIDIA Standard Sale: Stake limit (BSC) — Users can stake a maximum of 50,000 vIDIA tokens at any one time as consideration for allocation. The maximum CRUIZE a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
vIDIA Unlimited Sale: No stake limit (BSC) — Users can stake any amount of vIDIA at any time as consideration for allocation. The maximum CRUIZE a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
Whitelist Allocation Sales: Users can participate in our upcoming whitelist marketing campaigns and complete community-oriented tasks to stand a chance and win guaranteed CRUIZE allocation. Stay tuned to the Impossible Finance social media channels and for more details!
How to purchase IDIA Tokens
If users do not have IDIA tokens yet for the CRUIZE IDO, you can purchase it via the following venues:
The token sale for CRUIZE will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IDIA they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IDIA balances recorded at the start of the stake period.
This design is currently selected to ensure that all users can have a proportionate access into the CRUIZE token depending on which pool they enter into. As we develop the Impossible launchpad product offering, we will enable other fair, smart allocation mechanisms which will further decentralize token distribution.
KYC Preparation Period: Rolling ongoing basis. We require 50 IDIA or 25 IF tokens to start KYC to prevent bots from spamming our KYC partner. Users can KYC anytime during the entire IDO timeline, but will not be able to stake until their KYC is completed. To maximize the staking utility of users' IDIA, users have to pass KYC before the staking period begins. In other words:
If users pass KYC after the end of the staking period, they will miss the opportunity to participate
If users pass KYC during staking period, they will only be able to stake for the remaining staking period and receive a lesser allocation than if they were to start staking from the beginning of the staking period
For more details about how to verify your wallet and pass KYC, follow our guide here!
About Cruize Finance
Cruize Finance provides volatility-protected yield opportunities on crypto. The protocol provides vaults for users to stake their capital and generate safer yields using combinations of derivatives and bonds in pre-packaged instruments called structured products.
Impossible Finance is the go-to crypto investment platform that empowers you with high-quality, fair and accessible crypto opportunities. We simplify DeFi so you can enjoy fairer investing, cheaper trading and better yields through our accelerator, launchpad, and swap platform.
Impossible's research analysts dive into Brickken — the project revolutionizing the tokenization of real-world assets on-chain and our 20th IDO! Find out more about the project highlights, tokenomics, team and more in our research report!
Article Quick Links:
💡Context, Project Overview, Project Highlights, Quick Metrics, Investment Thesis, Competitive Landscape for Decentralized Options Vaults (DOV), Future Roadmap, Team, Cruize Finance Token Metrics, Tokenomics, Risk Evaluation.
The introduction of decentralized options vaults and structured products represent an innovative and novel approach to revolutionizing the world of