👨‍💻Product Overview from the User Perspective

Users will be able to create liquidity positions providing a single asset.

This will enable new interesting strategies such as shorting Token A while holding it and generating swap fees without risking Token B (e.g. USDC or WETH) or leveraging the position . As the omnipool will be composed of multiple tokens, tCHOKE will start behaving as a general PnL of the ecosystem in terms of prices and in terms of users positions.

It is expected for the USDC tail to reflect this, as no individual tail will be able to mint more liquidity than the available in the USDC / tCHOKE pool.

Despite tCHOKE not having any intrinsic value other than all the underlying assets of the protocol, we expect to see new and creative ways of using it due to its highly liquid nature.

Use cases and user flow

Most new projects face two major difficulties:

Tokens don’t immediately have utility after launching and projects struggle to build deep and strong liquidity, while holders face the decision of risking more than what they have invested in the project by having to provide liquidity in both ways.

By providing liquidity through Artichoke, users may leverage their liquidity positions in at least 2x and short the asset while holding it and generating fees from volume.

Multiple factors need to be taken into consideration by sophisticated traders, such as expected volatility, price at the moment of closing the position and swap fees accrued.

When the user deposits any Token A available for depositing in Artichoke, the corresponding amount of tCHOKE will be minted in order to provide liquidity across the full range of the V3 liquidity pool.

By doing this, a 1000 USD position will actually be accruing fees equivalent to 2000 USD, effectively enabling 2x leverage while providing liquidity.

Swap fees will be able to be collected as usually in Uniswap and will be immediately available but through Artichoke as the tail manager will hold the position on behalf of the user.

When the position is closed by the user, fees are split, tCHOKE is rebought & burned and protocol revenue is distributed among $CHOKE stakers.

CHOKE Stakers

CHOKE holders will be able to stake their tokens and benefit from protocol revenue distribution.

Every time a user closes a position and withdraws any asset half of the swap fees go to the liquidity provider and half are distributed as follows:

• 50% is used to tCHOKE which then burned (taken out of circulation)

• 50% is used to buy $CHOKE

This $CHOKE is then distributed among all $CHOKE stakers proportionally to their share of total staked $CHOKE.