Choco is building BARS, a community-owned,
and decentralized reserve currency that is asset
backed, strongly liquid and Web 3.0 incentivized
Melting allows you to trade various
tokens for BARS at a discounted price.
This in turn, provides additional liquidity
and reserve assets to the Choco treasury,
contributing to the stability of the protocol.
As a result, 99% of all liquidity is owned
by Choco.
Molders play an important role in
the Choco ecosystem. Molders deposit
their BARS into the protocol, which
contributes to BARS’ long-term price
stability. In exchange, molders receive
their share of rebases and governance
rights.