What Chop is

Chop pays you for volatility. You wrap a token into a log, pair the log token with its selected pool asset, and stake it. Every time someone wraps, unwraps or trades that log token, they pay a fee. 15% is burned as log tokens. After any partner share, the remaining fee value is converted to $CHOP; 20% is burned and 80% goes to farmers.

Markets chop. Prices swing up and down without going anywhere, and most strategies bleed. Chop is built for exactly that market. Every swing opens a gap between a log token and the token it holds, traders close the gap, and every trade they make pays fees.

What you can do#

• Wrap a token into a log and hold the log token. 15% of fees is burned as log tokens, which raises how much each log token is backed by.
• Farm by pairing the log token with its pool asset and staking it, to earn a share of the $CHOP allocated to farmers.
• Harvest your rewards whenever you like.

What Chop doesn't do#

• No yield forecasts. Rewards depend on how much people trade, and nobody can predict that. Historical APY uses cumulative on-chain results and is explicitly backward-looking.
• No leverage or borrowing.
• No unlimited approvals. The app asks your wallet to approve exactly the amount you're using.

Where it runs#

Chop runs on Robinhood Chain, an Ethereum layer 2. You pay gas in ETH.