Arbitrove is a newly launched yield-bearing index product launched by the Nitro Cartel team with a basket of Arbitrum-native assets, designed to address the issue of overwhelming and time-consuming navigation for new users while providing real yield and diversification for experienced users, and it aims to solve the liquidity and slippage issue encountered by investors, with plans to grow the functionality of its first index product, ALP, and to launch vertical-specific indices, with TROVE as its governance token.
Arbitrove's yield-bearing index vaults are based on ALP, which enables exposure to a blue-chip Arbitrum index. The composition of ALP includes GMX, MAGIC, GRAIL, DPX, JONES, RDNT, and GNS. Users can deposit various assets, including ETH and blue-chip Arbitrum tokens, to mint ALP, and fees for minting and redeeming ALP are dynamically adjusted based on the difference between the index and target composition. ALP can be staked on Arbitrove to earn esTROVE and the organic yield generated from single-coin staking, LP farming, and potentially lending out assets. Yield is directed to a separate contract and shared with the ALP holders. After the fee switch is turned on, yield is also shared with TROVE stakers.
The total supply of TROVE is 1,000,000,000. Its circulating supply is not known.
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