💡Value for $CHLL token holders
Last updated
Last updated
$CHLL token supply is constantly reduced, as each challenge smart contract distributes only 90% of $CHLL tokens back to the supply. 10% of $CHLL tokens put to the challenge smart contract are locked in treasury. Tokens from treasury are periodicaly burned.
Tokens locked in challenges smart contracts across the protocol build a TVL.
This TVL is invested in DeFi to generate yield.
Yield is used to build $CHLL/$USDC liquidity automatically.
The best way to "make most" of holding $CHLL is to put them in the real yield staking smart contract.
Real yield stakers get 10% of $CHLL token after each challenge as a protocol fee.
Real yield stakers participate in the progressive staking variant. The longer they stake, the bigger is their share in protocol fees.
