Tokenomics
Information about $CHEDDA token
Last updated
Information about $CHEDDA token
Last updated
$CHEDDA is the native utility token of the platform.
It is implemented as an ERC-20 token on the Base chain. $CHEDDA also implements the OFT interface which gives it cross-chain interoperability.
CHEDDA token is deployed to Base and Ethereum Mainnet
Address: 0xAA74BE45C0e21c105b7981C6E6FdFd946dc49f27
Name: Chedda Finance
Ticker: CHEDDA
Type: ERC-20
Total Supply: 1 Billion CHEDDA
Token Decimals: 18
Directing liquidity & rewards: CHEDDA token holders determine the distribution of future token emissions to lending pools. Users must lock $CHEDDA in a pool to create vCEHDDA, which. serves as the pools weight in receiving rewards. The weight is determined by a combination of the lock amount and length of lock (lock time).
Voting on token integration: In the competitive process to determine which tokens get integrated in pools on the platform, a vote by vCHEDDA (locked CHEDDA) token holders determine the integrations.
Governance: Governance decisions are passed by voting on them with CHEDDA tokens.
CHEDDA tokens must first be locked in a pool to create vCHEDDA which represents voting weight. Find more about vCHEDDA .
The token allocation is described in this chart:
Token Sales
23%
Core Contributors
13%
Community Incentives
10%
Treasury
20%
Platform Rewards
25%
Liquidity
5%
Marketing & Partnerships
4%
18% - 180 million
This includes all private rounds of token sales.
25% at 3 month cliff, followed by 15 month linear vesting.
5% - 50 million
This includes all public rounds of token sales.
50% at TGE, followed by 3 month linear vesting.
13% - 130 million
Team advisors and other early contributors.
25% at 3 month cliff, followed by 24 month linear vesting
10% - 100 million
Rewards for early adopters and other contributors to the success of the protocol.
12 month linear vesting, no cliff.
20% - 200 million
Protocol reserve for future use, raises and future development of platform. Locked for at least 6 months. Vested over at least 4 years.
25% - 250 million
Allocated to reward users providing value to the platform through either liquidity provisioning or borrowing. Platform rewards are primarily distributed to gauges attached to lending pools.
No cliff, to be distributed over 96 months (8 years).
5% - 50 million
DEX and CEX liquidity, listing.
4% - 40 million
Allocated for marketing activities and partnerships with other projects, token swaps, etc.
3 month cliff.
This graph shows the release of CHEDDA tokens over time.
