What is Chronos Finance? Chronos Finance is an AMM Dex and liquidity layer built on Arbitrum. The goal of the protocol is to become the main liquidity center on Arbitrum. So what is Chronos Finance? What’s special about it? Let’s find out in this article!
To understand more about Chronos Finance, you can read the following articles:
- What is Thena (THE)? Thena Cryptocurrency Overview
- What is Ramses Exchange? Overview of Ramses Exchange Cryptocurrency
- How Solidly (SOLID) Works
- What is Equilibre (RAVA)? Equilibre Cryptocurrency Overview
- What is Velodrome (VELO)? Velodrome Cryptocurrency Overview
What is Chronos Finance?
Overview of Chronos Finance
Chronos Finance is an AMM Dex and liquidity layer built on Arbitrum. The goal of the protocol is to become the main liquidity center on Arbitrum. Use the ve(3,3) model to attract liquidity and users in the ecosystem.
The ve(3,3) model solves the problems of legacy Dexes through a unique fee and incentive mechanism:
- Transfer all transaction fees to Holder veCHR
- LP incentives with CHR emissions
- Support CHR emissions through transaction and utility fee revenue
Mechanism of action
Components participating in the protocol:
- Liquidity Provider: Add liquidity on the protocol to receive trading fees and earn additional rewards of CHR Tokens.
- Holder veCHR: Get incentivized to vote directly to high volume pools and get bribed back the most rewards as these pools generate the most fees.
- Trader: Benefit from low slippage and better rates thanks to the liquidity provided.
- Protocols: Benefit from the liquidity layer and can easily bribe voters to attract more incentives for more liquidity for their pool.
Chronos Finance products:
- Gauge Voting / Bribing: By locking CHR to receive veCHR, users have the right to vote for liquidity pools and receive bribes in return. Each epoch lasts for 7 days, after which all bribes and transaction fees are distributed once to voters.
- Swap:
Chronos uses the same hybrid swap engine seen in innovative AMM DEXs. That is, using a combination of Uniswap V2’s vAMM model and Solidly’s sAMM model. - Liquidity Pools: Provide liquidity for Pool vAMM which is a volatile asset pair and Pool sAMM which is a stable asset pair.
Development Roadmap
Updating…
Core Team
Investors
Updating…
Tokenomics
Overview information about Chronos Finance Token
- Token Name: Chronos Finance
- Ticker: CHR
- Blockchain: Arbitrum
- Standard: ERC-20
- Contract: 0x15b2fb8f08e4ac1ce019eadae02ee92aedf06851
- Maximum supply: 50,000,000
Token Allocation
- Airdrop for Users: 28%
- Protocol Airdrop: 18%
- Team: 18%
- Dex Liquidity: 4%
- Ecosystem Grant: 18%
- Airdrop for chrNFT: 9%
- Marketing: 5%
Token Use Case
CHR Token holders can participate in protocol governance, vote for Pools to receive bribe rewards, and share protocol revenue.
Exchanges
Updating…
Information Channel of Chronos Finance
- Website: https://chronos.exchange/
- Twitter: https://twitter.com/ChronosFi_
- Medium: https://medium.com/@chronosarbitrum
- Discord:
Summary
Chronos Finance offers many popular products, but the models do not have much innovation and there are many projects in the same segment under development, so the competition is very high. And time will prove whether Chronos will be successful in the Arbitrum ecosystem or not?
So I have clarified what Chronos Finance is? Chronos Finance cryptocurrency overview. Hope this article brings you a lot of useful information!