BitBlazeWizard
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BitBlazeWizard
@BitBlazeWizard
🚀 Crypto Enthusiast 💎 Join me in uncovering hidden treasures in crypto 📈 #CryptoInvestor #Crypto $XCH Farmer









Let's look into the components of Artichoke in more detail 🔍 Starting with tCHOKE - the Backbone of our Liquidity! Overview: ▪️tCHOKE acts as a synthetic liquidity counterpart for tails ▪️mainly backed by $USDC ▪️enables Omnipool liquidity How does it work? 🤔 tCHOKE is a synthetic liquidity token - it represents the assets deposited in the protocol, with $USDC acting as a stabilizer & main liquidity source. As new tails (tails are pools for the various tokens within the Omnipool - more on them in another thread) are added, tCHOKE is paired with the new token, granting access to the full omnipool liquidity. An example 🧮 You have ▪️1000 $USDC ▪️$1000 worth of Token A ▪️$1000 worth of Token B You want to provide liquidity for Token A and B, paired with $USDC. In V2 or V3-with-full-range models, you would need 2000 $USDC total to create pairs for both tokens and create 2 seperate pools that again introduce swap fees, oracle risk and liquidity fragmentation 👎 On Artichoke, you can deposit: ▪️ 1000 $USDC in the USDC/tCHOKE tail ▪️Token A in the TokenA/tCHOKE tail ▪️Token B in the TokenB/tCHOKE tail Both token A & B can now access the liquidity in the USDC/tCHOKE tail and can be directly swapped for each other without any additional conversion 🪄 That's it as a first intro to tCHOKE - we will update gitbook 📗 shortly with lots of exciting details for various protocol components. Stay tuned for a thread on the Stabilizer Pool that ensures all assets on Artichoke are sufficiently backed ⚖️ and handles tCHOKE minting.














