coinACRE #4039

Arable Protocol

0.00024937341USD-6.69%-6.69%As of: Apr 29, 08:02 UTC

Key Statistics

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Arable Protocol Converter

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About Arable Protocol

Arable Protocol is a synthetic yield farming protocol that is dedicated to helping yield farmers access multiple blockchains (such as Ethereum, Avalanche, Solana, Cosmos or Polygon) assets and yields on a single chain. The biggest challenge in earning high yields in the DeFi space is the need to bridge assets across chains, requiring constant bridge fees that limit returns. Arable is changing that by providing the first single chain platform that enables multi-chain farming. The platform is supported by incentivized collateral providers (aka. stakers or minters) for synthetic assets. Users receive the same rewards as they would on native chains. Many different blockchains are now supporting liquidity mining pools and providing incentive mechanisms, but the transfer of the assets between different chains takes time and fees and requires chain and bridge specific knowledge. This is leading users to feel confusing which chain to stick on for yield farming. Synthetic assets are essentially tokenized derivatives to support people to buy or sell specific assets on native assets’ price. ARABLE’s goal is to provide an environment where yield farmers can access all the crypto farming assets on a single chain, where the users receive the same rewards as they would on native-chains. The environment is supported by incentivized collateral providers (aka. stakers or minters) for synthetic assets.
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Price Performance

1D
-6.69%
7D
-16.35%
30D
-56.03%
YTD
0.89%
1Y
-76.32%
Key Statistics
24H Range
Low$0.00020965353High$0.00026361261
24h Volume
48.74
Market Cap
47K
Circulating Supply
188.6M
Total Supply
1B
Rank
4039
Market Cap Dominance
0.00%
Max Supply
1B
Fully diluted market cap
3.992688
Hashing Algorithm
N/A
Block Time in Minutes
N/A
Volume/Market Cap
0.00
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