$CM (Crescent Moon token)

Just as the crescent moon takes time to become a full moon, $CM is the time-locked version of $FM and it is not transferable between wallets. With $CM, you can stake it to earn even more rewards or convert it to $FM.

💰 What rewards do I get by staking $CM?

You can earn the following rewards by staking $CM:

More $CM
Protocol revenue in $zkCRO

$CM rewards generated by $FM staking will be given at a fixed rate per second at launch. Each staked $CM will enjoy the same reward APR% as $FM, which means that staking $CM increases your share of rewards; similar to if you had staked more $FM into the staking pool.

Part of Moonlander’s revenue collected will be distributed as rewards to $FM and $CM stakers. $CM staking rewards come from the following:

trading fees and swap fees paid by traders
losses and liquidation made by traders
MLP mint and burn fees by stakers

💱 How can I convert $CM to $FM?

You can convert $CM to $FM every sec for 365 days at the exchange rate of 1:1. Converted $CM can be claimed at any time.

To initiate the conversion, you need to have sufficient converting power, which stands for the initial amount of staked $FM or $MLP used to earn the $CM rewards.

Insufficient converting power means you have unstaked some of the $FM/$MLP earlier. You will either have to

Reduce the number of $CM you want to convert, or
Stake more $FM/$MLP to increase your converting power

Once the conversion is initiated, the initial amount of staked $FM or $MLP that was used to earn the $CM rewards will be reserved. The reserved $FM/$MLP can be unstaked once the conversion is completed.

Example:
You have staked 1000 $FM and earned 10 $CM from the staking. 1000 $FM will be your converting power to convert the 10 $CM into 10 $FM.

Note that staked $FM/$MLP reserved for conversion will continue to earn rewards, while $CM that has been unstaked and deposited for conversion will not be earning staking rewards anymore.

🖐️ How can I get $CM?

It can be earned by staking $FM or $MLP.

$CM is preparing for launch. Striders, get ready for the takeoff!

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Last updated 3 months ago

💰 What rewards do I get by staking $CM?

You can earn the following rewards by staking $CM:

More $CM

Protocol revenue in $zkCRO

Part of Moonlander’s revenue collected will be distributed as rewards to $FM and $CM stakers. $CM staking rewards come from the following:

trading fees and swap fees paid by traders

losses and liquidation made by traders

MLP mint and burn fees by stakers

💱 How can I convert $CM to $FM?

You can convert $CM to $FM every sec for 365 days at the exchange rate of 1:1. Converted $CM can be claimed at any time.

To initiate the conversion, you need to have sufficient converting power, which stands for the initial amount of staked $FM or $MLP used to earn the $CM rewards.

Insufficient converting power means you have unstaked some of the $FM/$MLP earlier. You will either have to

Reduce the number of $CM you want to convert, or

Stake more $FM/$MLP to increase your converting power

Example:

You have staked 1000 $FM and earned 10 $CM from the staking. 1000 $FM will be your converting power to convert the 10 $CM into 10 $FM.

Note that staked $FM/$MLP reserved for conversion will continue to earn rewards, while $CM that has been unstaked and deposited for conversion will not be earning staking rewards anymore.