A few weeks ago, we announced our liquidity partnership with Chronos — a community-driven liquidity layer and AMM on Arbitrum. We are thrilled to share that the Chronos platform is nowlive!
About the Impossible Finance x Chronos Partnership
This partnership will serve to fuel Impossible’s growth in the Arbitrum ecosystem (our most recent chain integration) by utilising Chronos to establish deeper liquidity for IDIA tokens on Arbitrum. As IDIA becomes more readily available on DEXs across Arbitrum, token discoverability and accessibility will be enhanced, driving greater value for IDIA holders and the Impossible ecosystem as a whole.
Inspired by the likes of Solidly, Velodrome, and Thena, Chronos is proving itself to be a reckoning force on Arbitrum, already raising US$3 million in their public sale and inking partnerships with projects like Frax Finance, GMD Protocol and Granary Finance. By working closely together with Chronos, Impossible aims to strengthen its position as a leading decentralized launchpad in the Arbitrum network, and eventually, the entire DeFi space.
Impossible will also collaborate closely with Chronos for new liquidity opportunities & incentives, while also introducing new partner projects to the project. Additionally, Impossible will provide Protocol-owned-liquidity (POL) and incentives that will help feed liquidity flywheel at Chronos and allow buyers to access IDIA token with lower price impact.
Liquidity Campaign for the Impossible Community
As with all partnerships, we always seek to place the interest of our Impossible community first. We are thrilled to announce that IDIA holders can expect liquidity and voting incentives through this new partnership!
As part of our new partnership with Chronos, IDIA holders who provide liquidity to the IDIA pools on Chronos (IDIA-USDC and IDIA-ETH) will be able to receive rewards in the form of CHR emissions.
Liquidity pools on Chronos are live with the first CHR emissions beginning on 04/05/2023.
More details about Chronos’ liquidity campaign and CHR emissions can be found here.
Additionally, veCHR holders (Chronos’ non-fungible governance token) that vote for our IDIA liquidity pools will be able to receive voting incentives provided by Impossible Finance in addition to rewards based on trading fees.
Over 150+ of Impossible’s power users as well as our Impossibulls are eligible for the veCHR airdrop. In addition, we held an airdrop campaign for the Impossible Community for a chance to win veCHR by completing the campaign tasks on QuestN.
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Do you have burning questions about Chronos Finance, Impossible Finance's most recent launch partner? The best time to ask your questions is during our AMA on 25/04/2023 at 12:00 PM UTC on the Impossible Finance Telegram group!
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