Member-only story
New Arbitrum 3,3 Solidly Fork Offering Up To 3,123% APR
The musical chairs game for TVL continues on Arbitrum. Chronos.exchange is the newest entrant, and they’ve garnered $221M in TVL in 2 days.
Bombs are dropping on Arbitrum. The newest Solidly fork, Chronos.exchange, has gone live and immediately lurched its place to the third position DeFi platform on Arbitrum (per Defillama). It’s definitely Solidly season as we have seen these 3,3 projects burst out of the gates at full speed.
So what’s attracting $200+ million in liquidity in two days? Rewards! Adding liquidity on Chronos.exchange can earn up to 3,123% in APR. And liquidity providers are paying attention.
Are these reward levels sustainable? Will the CHR token continue trading at attractive prices? Will all of the liquidity on Arbitrum migrate over to Chronos.exchange? I’m not sure. But, in the meantime, I want to participate in some of these juicy rewards.
How big are these APRs?
You don’t attract hundreds of millions in TVL if you aren’t offering a great deal. And it seems like Chronos.exchange has a lot of great opportunities for liquidity providers.
