We’re pleased to share that ColorPool has launched their DEX and bridge!
At launch, the DEX supports trading for three assets: CHR, USDC, and COLOR.
The launch of the exchange and the first stablecoin integration on mainnet lays the groundwork for ColorPool to become a key part of the emerging DeFi ecosystem on Chromia.
Features Available at Launch
The core functions of the ColorPool DEX are now live, allowing users to:
- Bridge USDC from BNB Chain to Chromia Mainnet using the ColorPool Bridge.
- Transfer CHR from Economy Chain to the ColorPool DEX Chain using Chromia Vault.
- Transfer USDC from the ColorPool Bridge Chain to the ColorPool DEX Chain using Chromia Vault.
- Trade and provide liquidity in the CHR/USDC and COLOR/CHR pools.
According to the timeline set out by the ColorPool team, COLOR staking will begin this Thursday, and an incentivized LP farming campaign is scheduled to begin in June.
You can learn more by checking out ColorPool’s documentation and recent blog post.
Onboarding Guide
To help users get started, we’ve prepared this ColorPool Onboarding Guide. Topics covered include:
- Chromia’s ‘one chain per dapp’ structure
- Bridge processing times
- Bridging and transferring CHR and USDC to/from the ColorPool DEX chain
- ColorPool’s account creation fee
- ColorPool’s credit system
Start Exploring
We’re excited to see teams like ColorPool building on Chromia. If you're interested in trying out the DEX or learning how to get started, check out our onboarding guide and explore ColorPool’s official links below.
About Chromia
Chromia is a Layer-1 relational blockchain platform that uses a modular framework to empower users and developers with dedicated dapp chains, customizable fee structures, and enhanced digital assets. By fundamentally changing how information is structured on the blockchain, Chromia provides natively queryable data indexed in real-time, challenging the status quo to deliver innovations that will streamline the end-user experience and facilitate new Web3 business models.
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