Introducing tCHOKE - Artichoke’s LSD token.

tCHOKE allows users to turn their Liquidity Provider NFTs into a liquid asset by simply staking them on Artichoke.

Here is how it works:

Firstly, the user must hold a CamelotDEX spNFT position - for a detailed guide on LP-ing on Camelot, please refer to their documentation here.

Once that requirement is met:

• Navigate to the Artichoke portal: app.articho.ke

• Deposit your spNFT into Artichoke respective Tail for the asset of your choice

• Once deposited, the UI will show how much tChoke is available for minting (usually 50% USD value of the deposited position)

Example:

You deposit 2000 USDC worth of ETH-USDC - you can now mint approximately 1000 USDC worth of tCHOKE.

Upon minting, tCHOKE will be automatically sent to your wallet and can then be held, used for further liquidity provision or swapped on the tCHOKE/CHOKE liquidity pool.

Important details regarding tCHOKE minting:

• tCHOKE is subject to a debt ceiling, meaning only a specific amount of tCHOKE can be minted on the omnipool

This cap will ensure the protocol will work in a safe way without compromising omnipool’s overall health.

• tCHOKE is freely tradable - you don’t need to mint in order to buy or sell it

• the tCHOKE : CHOKE ratio will be '1/$CHOKE Price’ and will be “floating” - as in following both CHOKE and tCHOKE price variations

This initial deployment of tCHOKE is part of our 2-Phase roll-out plan for the Artichoke Onmnipool - read more about it here.

Important: tCHOKE is not yet live on Arbitrum mainnet, please do not follow any links shared anywhere except on the official Twitter (@artichoke_fi).

Where can I learn more?

More info on Artichoke’s design can be found on Gitbook and X - please reach out for partnerships, feedback & questions via the official channels on Telegram, Discord or X.