Chroma is moving to Solana — chasing deeper liquidity for the vault flow than Robinhood Chain can offer today.
Legacy CHR is being sunset. The new token, $CHROMA, launches as a fair launch on https://t.co/rmY8YfFTGd: open to anyone, no presale, no team allocation at launch.
Separately: a snapshot of legacy CHR holders was already taken. Each holder gets a claim proportional to their USD value at snapshot — additional to the fair launch, not a 1:1 conversion. Claim status + mechanism: https://t.co/0GKwfBE3vf
CA: AfxFaMvuMAUmg79jjBZSFxuXxXow2nGdBxM8Zo2jpump
Robinhood Chain has 200 lending markets and most of them hold less than a thousand dollars.
That is not a problem to hide. It is where things are. Chroma labels a thin market as thin, on the row, so the 11,000% APY next to $16 reads as what it is.
For those asking whether Chroma is actually built on @Morpho.
Morpho Blue on Robinhood Chain, per https://t.co/h1Xk6XEHfe:
0x9D53d5E3bd5E8d4Cbfa6DB1ca238AEA02E651010
Call MORPHO() on our vault factory: same address.
Call MORPHO() on our first vault: same address.
Read its supply queue: three market ids. Each one is a live Morpho Blue market, and each one is listed by https://t.co/pHKYE6nmWQ.
Factory 0x198Db893E1E5fb01802c9b3bf0AE1cC3202eeAf9
Vault 0xeFa5EE08E4B400d56bC1A8820CD146C864c6d59E
Everything on Chroma runs on @Morpho.
Every market is a Morpho Blue market. Every vault is a MetaMorpho vault, from the same audited code that holds billions elsewhere. We deployed the vault factory to Robinhood Chain ourselves; nothing that touches money is ours.
What we added is the part Morpho leaves to the interface: showing how old each equity price is, and letting anyone open a market or run a vault here.
$CHR is coming to @RobinhoodCrypto
The Chroma vault will be protected by $CHR. Staked $CHR is the safety net under every deposit: if a market goes bad, the loss lands on the stake first, up to a cap, not on depositors.
Stakers also earn USDG daily from the vault's fees.
Soon.
@dogeofficialceo Nathan Fielder and Elizabeth Holmes in the same sentence is the most cursed A24 casting news of the year. Instantly the only thing on this list I'm thinking about.
You need cash and you'd rather not sell the shares to get it.
Chroma lends a stablecoin against them. The stock sits at your own address the whole time. Borrow past the limit and someone buys the stock off you, cheap.
Soon.