🍵Welcome to Protocol Cha

Protocol Cha is a project based on chai.money and MakerDAO. By introducing a Wormhole bridged version of CHAI on other EVM-compatible chains, we are able to bring DSR profits to networks beyond Ethereum.

We not only offer users the basic DSR annual yield, but we also partner with collaborators like AAVE and Balancer to construct a comprehensive incentive ecosystem, allowing users to opt for higher yields on top of the base profit.

As a DAI-based savings project, our vision is to better introduce MakerDAO to other chains, enabling our users to engage within the whole ecosystem and also to enhance the utilization of DAI on other networks.

In terms of DSR savings innovation, CHA is at the forefront of the entire ecosystem. We strive to provide users with higher yield rates without compromising security, simultaneously bringing enhanced liquidity to the whole protocol:

  • Introducing CHAI to other chains via Wormhole, leveraging the security model of Wormhole's Guardian Network, while avoiding the issue of not being able to obtain real-time prices due to the sDAI model.

  • Introduce an arbitrage mechanism on Balancer, encouraging users to actively participate in the arbitrage process.

  • Permitting users to directly invest using bridged USDC, earning the positive spread between USDC and DAI.

  • When liquidity is sufficient, users could withdraw directly without paying the exorbitant transaction fees on the ETH mainnet.

In summary, by integrating DAI and CHAI, CHA is a deposit protocol that offers users a variety of deposit options in an innovative manner.

Protocol Cha是一個基於chai.money和MakerDAO的項目。通過在其他EVM兼容鏈上引入Wormhole橋接版本的CHAI，我們得以將DSR收益帶到除以太鏈以外的網絡上。

我們不僅為用戶提供基礎的DSR收益年化，同時我們也與我們的合作夥伴例如AAVE、Balancer一起構建一套完整的激勵生態，在基礎收益的基礎上使得用戶可以選擇更高的收益率。

作為一個基於DAI的儲蓄項目，我們的願景是能夠將MakerDAO更好地帶到其他鏈上，幫助我們的用戶參與到整個生態系統中來，同時也能夠提升目前DAI在其他網絡上的利用率。

就DSR儲蓄創新而言，CHA走在整個生態系統的最前沿。我們在儘可能不妥協安全性的情況下為用戶帶來更高的收益率，同時也為整個協議帶來更好的流動性：

  • CHAI通過Wormhole引入其他鏈上，利用Wormholed的Guardian Network安全性模型，同時避免因sDAI模型導致無法即時獲取價格的問題。

  • 在Balancer上引入套利機制，促進用戶主動參與套利過程。

  • 允許用戶直接使用橋接USDC進行投入，賺取USDC/DAI正差價。

  • 在流動性足夠時，用戶可以直接進行退出，無需支付ETH主網上高昂的手續費。

總而言之，通過結合DAI和CHAI，CHA是一種以創新式的方式為用戶提供多種存款選擇的存款協議。