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- Contracts:
-150% Bonus$3,316,000
$52,850
1,000,000,000 TROVE
993,984,494 TROVE
Arbitrove Protocol TROVE Arbitrove Protocol (TROVE) Chart
Arbitrove Protocol (TROVE) Return On Investment(ROI)
Arbitrove Protocol (TROVE) Token Price Now
Arbitrove Protocol price today is $0.003316 with a 24-hour trading volume of $52,850. TROVE price is down -3.94% in the last 24 hours. It has a max supply of 1000Mil.
In order to search for real-time and historical information about Arbitrove Protocol (TROVE) blockchain, including data related to blocks, transactions, addresses, and more, you may use Arbitrove Protocol (TROVE) block explorers. Here are some of the most popular and useful Arbitrove Protocol (TROVE) blockchain explorers out there:
What Is Arbitrove Protocol(TROVE)?
TROVE is the governance token for the Arbitrove Protocol, a yield-bearing index and strategy vault protocol natively built on the Arbitrum network. ALP, the first index of the Arbitrove protocol, is a basket of selected blue-chip tokens such as GMX, MAGIC and GRAIL, deployed with various strategies to generate yield for our users. In the future, additional indices will be added, including ecosystem-specific indices like the GMX Ecosystem Index, GameFi Index, and strategy-specific indices, like the Ethereum Liquid Staking Derivative (LSD) strategy index.
70% of the total TROVE supply that would ever exist will initially be in the form of Escrowed TROVE (esTROVE). esTROVE is a non-transferable token that can be staked for protocol revenue sharing if the DAO votes for the TROVE staking proposal, which is expected to be submitted in early March. It can also be vested to become TROVE through a 1-year linear vesting starting in September 2023. However, esTROVE being vested is not eligible for staking or fee sharing.
Arbitrove Protocol Mechanics
Minting & Redemption
Arbitrove's yield-bearing index vaults can be understood through the lens of ALP, one of the protocols flagship products enabling exposure to a blue-chip Arbitrum index. Users can deposit various assets, including ETH and blue-chip Arbitrum tokens, to mint ALP. However, only ETH deposits and withdrawals are allowed during the bootstrapping period.
The amount of $ALP minted per ETH (or other assets) deposited is based on the latest price of the asset deposited relative to the latest composition of $ALP, the price of the assets inside the $ALP, and the number of outstanding $ALP fetched by Arbitrove’s oracle.
The fees for minting and redeeming ALP are asset-dependent and dynamically adjusted based on the difference between the index and target composition. Arbitrove’s dynamic deposit fee allows for the automatic rebalancing of different strategies. For example, a lower deposit fee is enabled when an asset is below the target composition to encourage deposits. Conversely, a higher deposit fee is configured when an asset is above the target composition to discourage depositing.
ALP & TROVE Yield
Once minted, ALP can be staked on Arbitrove to earn esTROVE and the organic yield generated from Arbitrove's strategies. Arbitrove's vaults earn yield through single-coin staking, LP farming (either just LP farming in DEXs, staking LP tokens in DEXs, or staking LP tokens in the protocols' contracts), and potentially lending out assets on safe platforms (currently outside the scope). For example, at launch, GMX will be single-side staked on GMX Earn, and MAGIC will be paired with ETH to yield-farm at Sushiswap's Onsen.
The yield earned by the vault strategies is directed to a separate contract and shared with the ALP holders. After the fee switch is turned on via a governance proposal, yield is also shared with TROVE stakers. TROVE staking is available for both TROVE and esTROVE holders. No lock or deposit fee is incurred for those who stake TROVE, which will be liquid upon launch. esTROVE will be linearly vested for a year after the vesting module launch in September, and esTROVE holders can continue staking after September.
Arbitrove Protocol (TROVE) Community
- Twitter: https://twitter.com/nitrocartel
- Discord: https://discord.com/invite/nitrocartel
- Medium: https://medium.com/@nitrocartel
What is Arbitrove Protocol (TROVE) Contracts address?
- Arbitrum(Arb One): 0x982239d38af50b0168da33346d85fb12929c4c07
Arbitrove Protocol FAQ
What is the price of Arbitrove Protocol (TROVE) token?
The current Arbitrove Protocol usd price is $0.003316. We update the Arbitrove Protocol USD price in real time. Get live prices of Arbitrove Protocol on different cryptocurrency exchanges around the world on Coincarp.
Is Arbitrove Protocol (TROVE) token a good investment?
It depends on your personal risk tolerance and investment goals. Arbitrove Protocol is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Arbitrove Protocol investing, you will also need to understand the Arbitrove Protocol project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Arbitrove Protocol investing are by participating in Spot trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Arbitrove Protocol (TROVE) token token?
You can buy Arbitrove Protocol from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Arbitrove Protocol. Cryptocurrency exchanges that currently support Arbitrove Protocol trading include:
If there is any error, please feedback to us, our email is [email protected]. Please be aware that buying and selling Arbitrove Protocol involves high risks.You should always do your own research and make sure you understand the risks associated with Arbitrove Protocol trading before you begin.
How to short Arbitrove Protocol (TROVE) token?
According to CoinCarp's tracking data, no crypto exchange yet supports Arbitrove Protocol contracts or ETF trading. so you can't short Arbitrove Protocol
What will Arbitrove Protocol (TROVE) token be worth in 5 years?
It is impossible to predict what Arbitrove Protocol will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Arbitrove Protocol's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Arbitrove Protocol 5 years from now.
TROVE Price Statistics
Arbitrove Protocol Price
$0.003316
Price Change24h
$-0.000136 3.94%
24h Low / 24h High
$0.0033 / $0.003452
Trading Volume 24h
$52,850
Volume/Market cap (24h)
1.59%
Market Dominance
--
Market Cap
--
Fully Diluted Market Cap
$3,316,000
7d Low / 7d High
$0.00312 / $0.003692
30d Low / 30d High
$0.00312 / $0.004198
90d Low / 90d High
$0.002628 / $0.004198
52 Week Low / 52 Week High
$0.002591 / $0.018
All Time High
$0.0663
All Time Low
$0.002591
