Chop
0x100765a16f42636bd84ee1e86bc5107b84bcdba3Project description from GG
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The thesis
Peas of RH ....
Intresting here
It’s a volatility-farming protocol built on the @PeapodsFinance model.
-You wrap any asset into a “log” token. When price swings open a gap between the log and its backing, arbitrageurs close it by wrapping, unwrapping, or trading, and they pay fees.
-also interesting flywheel, 15% of those fees burn log tokens (which raises the backing value), and the rest buy back $CHOP, 20% of that gets burned and 80% goes to farmers who stake.
DYOR, NFA
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