TechFlow reported, according to CoinDesk, that B-Harvest, the development team behind Gravity DEX, has announced the launch of "Crescent" (CRE), a new project replacing Gravity DEX, scheduled for April 14. Crescent will transition from Cosmos Hub to a namesake blockchain built on Cosmos. The B-Harvest team also plans to enhance the platform with a suite of new features, including cross-blockchain lending tools and a new order-book-based DEX model. Once Crescent launches, B-Harvest’s legacy protocol Gravity will continue operating, while Crescent will offer staking yield incentives to attract users to migrate liquidity to the new protocol.
Previously, it was reported that the Gravity DEX development team established Crescent as a successor project. Crescent has unveiled its governance token CRE distribution model, with a total supply of 200 million tokens—100 million allocated for an airdrop to ATOM delegators and the remaining 100 million reserved for strategic purposes.
