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Introducing Cheep Finance

Evolving Together: Introducing Cheep Finance

Dear Chirp Community,

We're embarking on a monumental journey to redefine the DeFi landscape, and we're thrilled to bring you along for the ride. After thoughtful consideration and in response to the limitations we've encountered in our project's design, we're excited to introduce you to Cheep Finance, a new platform designed to elevate our operations to unprecedented heights.

Our decision to migrate signifies our unwavering commitment to providing you with the ultimate DeFi experience. This transition is a logical step in our quest to create a more efficient, secure, and inclusive financial ecosystem.

The Why Behind Cheep

While Chirp Finance has achieved remarkable milestones and built a vibrant community, we've identified certain limitations in our project's design, including tokenomics. To overcome these challenges and pave the way for innovation, we've decided to build Cheep Finance from the ground up.

Our vision extends beyond the boundaries of the current blockchain, and we're planning to make Cheep accessible to everyone, regardless of their chosen blockchain. We're excited to share that we'll be utilizing LayerZero to traverse the multiverse, although this will be part of Phase 2.

In Summary:

  • Cheep is the evolution of Chirp (Migration will take place)

  • Strategic emissions through gauges, adopting veCHEEP

  • GameFi integration with battles, accessible to Aves

  • Vertebrates will continue to receive 33% of revenue generated

  • veCheep holders will receive % of revenue generated and hold voting power

  • PulseX LPs can be deposited to earn CHEEP. INC generated from eligible LP pools, This will primarily be used for token buybacks, rewarding users for their pool participation while earning Cheep additionally we will be distributing a % of the INC back to the user.

  • Multichain expansion through LayerZero

  • Much more will be disclosed in our documentation to be released soon.

We're excited about this journey of transformation and innovation. Stay tuned for more updates as we venture into a new era with Cheep Finance!