From
Hammond Deggs Music:
Chips2 can be used as simply as a simple saw/pulse/triangle wave, and can have variable PWM applied, thus freeing your single LFO for vibrato or filter duty.
In addition, you can have a brief noise 'chiff' applied to the start of your sound, an octave chiff, and / or have chip-tune style arpeggios applied. This is especially interesting on the Minilogue XD as the arpeggiator currently isn't as fast as the built in arpeggiator on the Prologue.
With the Pulse wave selected, you can apply PWM, however with the Triangle wave selected, you can apply a Sync+(digital)RingMod effect, a sound usually unique to a C64 SID chip. With the Sawtooth wave selected, you can position a phase shifted copy of the sawtooth to get some interesting detuning and chorus effects.
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