The ve(3,3) model has undergone huge development during this bear market.
One example is Chronos, which recently released its V2.
Will @ChronosFi_ V2 make a comeback and establish itself as the leading DEX on Arbitrum?
Time to deep dive and decide š§µ:
I've been monitoring the progress of Chronos since the beginning.
Regardless of $CHR price, the team is the real builder, they keep improving the product and functionality.
I still think that there is a chance to make a comeback, considering the strong updates showcased in V2.
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Liquidity Providing
Chronos V2 will implement 'Concentrated Liquidity Manager (CLM) by @dyson_money.
It means this CLM will auto optimize the liquidity to be more productive and boost capital efficiency to generate more fees for all stakeholders.
Currently, the concentrated liquidity (CL) pools have attracted more than $1M TVL in 3 days š„
And the APRs on the CL pools are really appealing, e.g., 90.88% on WETH/USDT.
I think the APRs are one of the best among the other protocols on Arbitrum.
LPers can deposit the liquidity and Chronos will route it to Dyson vault, to automatically manage price ranges depending on the vault strategy parameters.
User experience won't change. It will act as a tool to help increase capital efficiency.
Here are some key advantages from Chronos V2 x Dyson CLM:
ā¢ Hands-off approach, automated by Dyson CL
ā¢ Minimize realized IL
ā¢ Generate higher trading fees
ā¢ Fully on-chain position management
ā¢ Low slippage rebalancing
ā¢ Lowest management fees in DeFi
And I think this combination has the greatest potential to make the positive flywheel running again: Swap Fees and Auto Bribes.
Swap fees can be given to auto-bribe on each epoch. This mechanism means that a portion of the swap fees is automatically used to incentivize users.
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Maturity Boost on LP
With Chronos, LPs who place liquidity for longer periods can receive higher APY.
This means LPers will enjoy even higher APY on LP positions after 6 weeks (previously maxed at week 6th in V1).
In total, its V2 features a maximum 3x boost over 12 weeks.
This feature aims to achieve 'sticky liquidity' and make sustainable TVL on Chronos.
The boosted LP positions can be traded on marketplace, called 'maNFT' (maturity-adjusted NFT).
Speaking of V2 maNFT, it will also be possible to split, merge, and increase positions across any maturity periods.
This helps new joiners to get boosted yield by buying LP positions directly from the market place and also can combine with new liquidity (weight-averaged).
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Traders
Chronos has launched new features for traders:
ā¢ Limit orders: Ensure traders get to buy/sell at one specific price
ā¢ TWAP orders: Set trade interval, trade sizes and max duration for your trade
Also, the new UI looks clean and easy to make transaction.
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veCHR Stakers
On Chronos, veCHR stakers vote to direct CHR emissions to preferred pools then get the bribes and fees on that the pools as an incentive.
In V2, Voter rewards (bribes + fees) will be immediately claimable upon epoch flip.
It is crucial to monitor key metrics to see the results of this upgrade: the emission of each epoch, token price, and upcoming project partners.
For full details, I recommend checking dune.com/0xkhmer/chronos.
This thread was made in collaboration with Chronos team and is for educational purpose only.
Remember there's always smart contract risk involved. Please do risk assessment and DYOR before taking action.