"Why would so many projects be incentivized to make logs?"
A project treasury holding x% of supply faces two choices:
Sell it.
Or leave it idle.
$CHOP adds a third.
Deploy a portion into a Log, provide liquidity and earn $CHOP as wrapping, trading and arbitrage generate fees.
Chop's logs pay a heavy APR ranging from 100% to 800%, but who generates all the fees that buy back $CHOP and fund this APR?
There's four mechanism at play, all of them wrapping, unwrapping and trading the logs. Traders, agents, arbitragers and market makers. All of them are
We've partnered up with @SurplusRH to launch the chSURPLUS log, our fifth log is live!
The $SURPLUS team will now be able to earn yield on their treasury and all holders can wrap, farm and harvest.
We look forward to seeing the APR % results coming days when the pool thickens,
The CHOP team will be in NYC to build alongside new ecosystem projects and the @bankrbot team!
The strongest ecosystems don’t stop at launch. They continue supporting the builders within them.
We look forward to onboarding more promising projects for logs. 🪓
Chop is gaining momentum, with over $50K TVL, 6,7% of the total $CHOP supply wrapped into chCHOP and earning over 300%+ APR from fees routed to buybacks. All within the first week.
Wrap -> Farm -> Harvest.
Choplogs.app🪓🪵
The Chop Team has shipped a feature that makes it incredibly fast and easy to join a log!
Single sided WETH deposits with upgraded slippage features are now live on Choplogs.app. You can now farm logs with just WETH.
The $CHOP flywheel is getting stronger!
$CHOP gets buybacks for every trade, movement and wrap/unwrap.
Daily, 0,04% has been automatically bought back from the first two logs. The more logs, the more this increases.
Annualized, this is 15% just from three starting logs. This will increase to 25%+ when more logs open.
The Chop Team is making great progress with three logs live within the first 5 days, ~$30K in TVL and 5,5% of robinhood:0x100765a16f42636bd84ee1e86bc5107b84bcdba3 wrapped up.
Upcoming releases:
- Multiple partner logs in the process of deployment.
- Single-sided deposits for
Markets will always be volatile, now any token can monetize on it by opening a log on choplogs.app.
We’re currently setting up multiple partner logs with ecosystem partners.
Let’s get that $CHOP flywheel rolling.
🪓🪵🪓🪵
Chop earns fees on every log, every chart movement and every trade. It's built for volatile markets like Robinhood Chain.
All fees drive demand for $CHOP and pay farmers, creating a flywheel that benefits TVL, burns $CHOP and continuously increases product APY.
$CHOP sits at the centre of the protocols fee flow.
Every trade, wrap and unwrap across a Log generates fees.
Under the standard fee structure:
→ 15% supports the Log token through buyback and burn
→ The remaining 85% is swapped into CHOP
→ 68% rewards farmers
→ 17% of the
The Chop Team is officially kicking off with an X Spaces on October 8th at 11am EST!
We'll be explaining our grand vision, treasury management tools and how all the fees power $CHOP buybacks and farmer rewards.
Be sure to join, we're dropping brand new plans!
x.com/i/spaces/1DGLd…
$CHOP is live on Robinhood Chain.
Volatility farming is here.
Earn yield from choppy markets, on any asset.
Choplogs.app
CA: 0x100765a16f42636bd84ee1e86bc5107b84bcdba3
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