As many of you know, we are planning to begin rollout out our "Chronos V2" upgrade today, July 17th, 2023.

Unfortunately, due to unforeseen circumstances, portions of this upgrade will need to be delayed. Some of our V2 contracts, including our concentrated liquidity pools, are going to require further testing before they can be released publicly. While we realize these delays are disappointing, we have decided that this is the best course of action at this time. It is important to us that all contracts are 100% tested to ensure their security and functionality prior to release; we feel it is better to delay the release to ensure everything works properly from day one than to try to rush things and potentially put user funds at risk.

We will still be releasing a partial update tomorrow that will include:

✅ New UI/UX
✅ New order types (Limit and TWAP) (via Orbs)
✅ Elimination of the "dust" problem for traders and liquidity providers
✅ Improved order routing and inverse routing (via ParaSwap)
✅ New charts and analytics

The following features will not be released tomorrow, but will be added in the near future:

❌ New V2 maturity curve/contracts
❌ Concentrated Liquidity pools
❌ Concentrated Liquidity management (via Dyson)
❌ Single token LP zaps

We will announce a coordinate release date for the remaining features in the coming days. We apologize for any inconvenience this may cause, and hope to have all features fully integrated very soon.

We're excited to announce Chronos's newest partner - Olympus DAO!

Olympus's mission is to make OHM the reserve asset for DeFi; unlike stablecoins, whose value is pegged to another asset, OHM has no fixed price. Instead, it's underlying value is backed by the Olympus treasury, which is itself made up of blue-chip crypto assets 💰

Over time, Olympus hopes to grow the utility of OHM enough that it will become as ubiquitous in DeFi as assets like USDC and USDT are today. In pursuit of their mission, Olympus has recently deployed some useful DeFi primitives, including:

▶️Range Bound Stability (RBS), which allows users to swap directly with the treasury when the price of $OHM moves into the Lower Range RBS mints new $OHM via bonds when the price moves into the Higher Range 🔀

▶️Boosted Liquidity Vaults (BLV), which allows holders of LSDs like or specific stables to earn liquidity mining rewards while only needing to provide one half of an LP position 👀