FAQ

Why doesn't Chop forecast rewards?#

Because it would be a guess. Rewards depend on how much people trade, and nobody can predict that. Each log shows what has actually been paid to farmers, from on-chain data.

Do I have to farm to earn?#

No. Holding a log token benefits from the 15% log-token burn, which raises its backing. Farming earns a share of the $CHOP allocated to farmers and takes on impermanent loss.

Can I withdraw at any time?#

Yes. There are no lockups. Unwrapping costs the log's unwrap fee. Stopping a farm costs only gas.

Why is my log token trading below its backing?#

It trades in its own pool, and pool prices drift. Traders usually close the gap, but with thin liquidity it can take a while. The contract redeems at backing, minus the unwrap fee, while its exit path succeeds. Frontend unwrapping is currently disabled because the interface lacks minimum-output protection.

What does "ch" mean?#

It marks a log token. chETH is ETH in a log.

What happens if rewards can't be converted to $CHOP?#

The fee value waits until it can be converted to $CHOP by the configured fee route, then the farmer share is paid out. Trading keeps working. See Harvesting.

What happens when nobody is farming a log?#

All $CHOP that would otherwise go to farmers is burned until someone stakes liquidity. It is not saved for the first farmer.

Who runs Chop?#

See Who can change what for the current contract controls and launch placeholders.

Is there a team allocation?#

15% is reserved for product and marketing, and 15% goes to the team, locked for the first month, then vesting linearly over twelve. The remaining 70% sits in the liquidity pool, launched on Bankr. See The $CHOP token.

Why "Chop"?#

Traders call a sideways, swingy market "chop". It's the market most strategies hate, and the one logs are built for.