Arable Protocol Price

About the coin

Arable Protocol is a synthetic yield farming protocol designed to assist yield farmers in accessing assets and yields from multiple blockchains such as Ethereum, Avalanche, Solana, Cosmos, or Polygon, all on a single chain. This innovative approach addresses the challenges of bridging assets across chains, which often incurs fees that limit returns.

Main features

The platform is unique in its ability to provide a single chain platform for multi-chain farming. It is supported by incentivized collateral providers, also known as stakers or minters, for synthetic assets. This allows users to receive the same rewards as they would on native chains, without the need for complex bridging processes.

How it works

Arable Protocol leverages synthetic assets, which are essentially tokenized derivatives, to enable users to buy or sell specific assets based on the prices of native assets. This system simplifies the process of yield farming across different blockchains by eliminating the need for chain-specific knowledge and reducing the time and fees associated with asset transfers. The goal is to create an environment where yield farmers can access all crypto farming assets on a single chain, supported by incentivized collateral providers.