Introducing Chromatic Protocol: A New Era in Decentralized Perpetual Futures
Chromatic Protocol is a groundbreaking decentralized perpetual futures protocol that provides permissionless, trustless, and unopinionated building blocks. It enables participants in the DeFi ecosystem to create balanced two-sided markets exposed to oracle price feeds and trade futures using various strategies (2 7 8) .
Chromatic Protocol is the first protocol to introduce the concept of partitioned liquidity pools (LP) with dynamic fees. This innovative feature provides liquidity pools divided into multiple bins, each with a different trading fee rate. The fee rate at which trades are executed is determined based on the dynamics of the taker’s trading. This dynamic fee system achieves a balanced maker-taker equilibrium, mitigating the inherent instability of closed systems like futures markets (2 10).
Chromatic Protocol's Airdrop Program
To incentivize and reward early supporters, Chromatic Protocol has launched an Airdrop Program. The program is designed to assess and reward community activities and contributions during the Testnet (Arbitrum Goerli) period and the initial phase of the Mainnet (Arbitrum One), which spans from November 2023 to sometime in the first quarter of 2024(1 3).
The Airdrop Program is divided into two seasons. The first season's allocation ranges from 1 million to 3 million (r)CHRMA, which represents between 1% and 3% of the total CHRMA issuance. The exact distribution supply within this range will be finalized after Season 1 ends. The second season's allocation will be determined from the remaining supply not distributed in Season 1(1 3) .
The (r)CHRMA, or off-chain assets corresponding to (r)CHRMA, allocation supply will be finalized through the Random Box after Season 1 ends. The exact end date of Airdrop Season 1 will be announced later (1 3).
