Other FAQs

You can also find related FAQs at the bottom of other articles.

What blockchains does H2 Finance support?

We support the Cronos zkEVM blockchain, a scalable and cost-effective blockchain leveraging zero-knowledge proofs for enhanced security. Cronos zkEVM benefits from the large Cronos ecosystem and utilizes zkCRO, a liquid staked version of CRO, as its gas token.

Key advantages include:

• High scalability and low fees: Enabled by zero-knowledge proof technology.

• Strong community: Supported by the #CROFam.

• Multiple income streams: Offers "triple yield" opportunities through staking, DeFi, and loyalty programs.

• User-friendly: Features native account abstraction for gasless transactions.

• Early mover advantage: As one of the first ZK chains, it leads in Ethereum scalability.

For more information, visit the Cronos zkEVM website.

What is Paymaster?

A Paymaster is a smart contract that can sponsor gas fees for transactions on Ethereum-based networks. This feature is enabled by account abstraction, as defined in the ERC-4337 standard.

By using the Paymaster feature on our platform, we offer users the ability to pay gas fees with various tokens. Currently, zkCRO, vUSD, vETH, WBTC, and CRO are supported as gas fee tokens on H2 Finance.

What is the difference between a Liquidity Pool and a Farm?

A Liquidity Pool is a collection of digital assets locked in a smart contract, designed to facilitate trading by providing the necessary liquidity for buying and selling assets. When you contribute to a liquidity pool, you become a Liquidity Provider (LP) and earn a portion of the trading fees generated within the pool.

On the other hand, a Farm is a yield farming opportunity that builds on liquidity pools. Farms are designed to incentivize users to provide liquidity by offering additional rewards. When you stake your LP tokens in a Farm, you can earn extra tokens on top of the trading fees generated by the liquidity pool.

How do I participate in yield farming opportunities?

We’re glad you’re excited to start yield farming! Visit the Farms page to view available farms. Don’t forget to follow our X and Discord for announcements on new farms.

What is impermanent loss?

Impermanent loss refers to the potential decrease in value you may experience when providing liquidity to a trading pool compared to simply holding the assets. To mitigate this risk, liquidity providers earn trading fees and often additional rewards on our platform.