CHOP Holder Rewards Now Live!
Users are invited to check eligibility and claim they're bonuses.
Why swings pay
When the market chops, a log token's price drifts away from the token it holds. Traders close the gap by wrapping, unwrapping and trading, and every one of those moves pays fees. After the burns and any partner share, the rest is swapped for $CHOP: 20% is burned and 80% goes to farmers.
Wrap
Deposit a token, get its log token.
Farm
Once the pool is seeded, add its paired token and stake the liquidity.
Harvest
Claim your share of the $CHOP paid to farmers.
How fees are split
From every 10,000 of fee value, 15% is burned as log tokens. With no partner fee, the remaining 85% is converted to $CHOP by the configured fee route; 20% of that $CHOP is burned and 80% is paid to farmers.
Example using 10,000 USDG equivalent of fee value. The 1,700 and 6,800 figures are value equivalents, not $CHOP token amounts. The number of $CHOP tokens depends on its pool price. This assumes no partner fee and is not a forecast.
If nobody is farming the log, the $CHOP that would have gone to farmers is burned instead.
How fees work$CHOP
Farmers pair log tokens with each log's selected pool asset.
Traders arbitrage gaps between log prices and backing through those pools.
After the log-token burn and any partner share, the rest is converted to $CHOP by the fee route.
Of that $CHOP, 20% is burned and 80% goes to farmers.
What we won't do
No yield forecasts. Historical APY uses what has happened on-chain, not guesses about what comes next.
No leverage or borrowing.
No unlimited approvals. You approve exactly what you use.