Potential Chronicle Protocol Airdrop

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Airdrop unconfirmed
Chain: Ethereum,

What is Chronicle Protocol?

Chronicle Protocol is a decentralized Oracle protocol that provides secure, verifiable data to blockchain applications. Operating since 2017, Chronicle has established itself as the original oracle on Ethereum, securing up to $22 billion in assets for the Sky Ecosystem (formerly MakerDAO).

The protocol –having raised $12M– utilizes advanced Scribe technology with aggregated Schnorr signatures, which significantly reduces gas fees—cutting costs by 51% on Ethereum and 95% on Layer 2 networks. This makes oracle updates approximately 70% cheaper compared to competitors like Chainlink.

Chronicle maintains transparency through its public Oracle dashboard, allowing users to trace real-time data from its network of 25 decentralized validators, including prominent organizations such as Sky, Etherscan, Gnosis, Gitcoin, and Bitcoin Suisse.

Ongoing

Chronicle Protocol Airdrop Details

Chronicle has launched a community rewards initiative called Chronicle Points, allowing participants to earn points that will be convertible to CLE tokens. Users can earn these points by supplying USDS via platforms such as Sky.Money, Spark.fi, or Summer.fi. While accumulating Chronicle Points, users continue to earn interest and additional DeFi rewards without relinquishing control over their assets.

Chronicle Points will later be claimable for Chronicle tokens at a rate of 10 points = 1 CLE token, where the total supply of CLE tokens will be 10 billion. Chronicle points are being emitted at a rate of 3.75 billion per year.

How to Participate in the Chronicle Points Program

Acquire some USDS from any CEX or DEX
Choose one of the supported platforms: Sky.Money, Spark.fi, or Summer.fi
Connect your wallet to the selected platform
Supply USDS to the platform (there is no minimum requirement)
Begin collecting Chronicle Points automatically and monitor your dashboard

Frequently Asked Questions

How to buy USDS?

USDS is an upgraded version of DAI, a previous stablecoin from the same ecosystem. Users can purchase USDS from Sky.Money by connecting their wallet and swapping to USDS from the “Trade section.” USDS can be purchased from Raydium, Uniswap, or CEXs like Kraken.

What are Chronicle Points and how do they work?

Chronicle Points are rewards that eligible participants can earn by supplying USDS through supported platforms. These points will be claimable for Chronicle (CLE) tokens at a rate of 10 points = 1 CLE token. The total supply of CLE tokens will be 10 billion, with Chronicle Points being emitted at a rate of 3.75 billion per year.

Are there any restrictions on who can collect Chronicle Points?

Yes, access to Chronicle Points is currently governed by the eligibility criteria established by SKY Protocol. Specific geographic locations are blocked from participation. For complete details about restrictions, refer to the official documentation on the SKY Protocol website.

Is there a minimum requirement of USDS to start collecting Chronicle Points?

No, there is no minimum supply requirement for USDS. Eligible users can supply any amount of USDS to begin accruing Chronicle Points.

Where can I see my Chronicle Points balance?

Users can view the current distribution of points on the dashboard, which provides transparency around accumulation across all participating users.

Will Chronicle Points be transferable between users?

Based on the current information, Chronicle Points appear to be non-transferable between users. They are tied to the specific wallet that supplied the USDS.

When will Chronicle Points be convertible to CLE tokens?

The exact timeline for converting Chronicle Points to CLE tokens has not been specified. Users should monitor official Chronicle Protocol communications for announcements regarding token conversion.

Conclusion

By supplying USDS through Sky.Money, Spark.fi, or Summer.fi, users can begin accumulating Chronicle Points that will later convert to CLE tokens at a rate of 10 points per token while continuing to earn yield on their USDS. With no minimum requirements and multiple platform options, the program provides flexibility for participants.. While participating, users should stay informed about program updates and monitor their points accumulation through the official dashboard.

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You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!