CLB Token (ERC-1155)

CLB(Chromatic Liquidity Bin Token, ERC-1155) token is a similar concept to LP tokens from other DeFi platforms. Makers provide liquidity and mint CLB Tokens correspond to the amount of liquidity they provide. And the CLB tokens are burned as the makers withdraw the liquidity.

In the Chromatic Protocol, there are 72 bins with different fee rates within a single market. As it is inefficient to liquidate each bin with ERC-20 tokens, the Chromatic Protocol adopted ERC-1155 standard for LP tokens instead of ERC-20 tokens.

For each market, ERC-1155 contract address is generated, and there are 72 bins with unique token IDs and names (e.g., token ID: #3, token name: USDC - ETH/USD +0.06%). As it is ERC-1155, the CLB tokens have the capability for auto-compounding like other ERC-20-based LP tokens.

The CLB tokens can be traded on the secondary markets that support ERC-1155 like Open Sea, or a dedicated CLB token exchange could be built on the Chromatic Protocol or by third parties in the future.

Detailed information regarding the CLB token, including its tokenomics and specific details, will be provided in the future.