Tokenomics

Information about $CHEDDA token

$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.

Token Info

Address: TBA

Name: CHEDDA

Ticker: CHEDDA

Type: ERC-20

Total Supply: 1000 million CHEDDA

Token Decimals: 18

Token Utility

• 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 here.

Allocation

CHEDDA token allocation

Allocation	Percentage
Token Sales	28%
Core Contributors	14%
Community Incentives	4%
Platform Rewards	25%
Treasury	20%
Liquidity	5%
Marketing & Partnerships	4%

Breakdown

Private & Public Sales

28% - 280 million

This includes all private and public sale tokens.

Private sale tokens are vested over 18 months with a 3 month cliff.

Public sale tokens are vested over 3 months with a 30 day cliff.

Core Contributors

14% - 140 million

Team advisors and other early contributors.

Vested over 36 months with a 3 month cliff.

Community Incentives

4% - 40 million

Rewards for early adopters and other contributors to the success of the protocol.

No vesting, distributed over 12 months.

Platform Rewards

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.

Platform rewards are programmed to be distributed over 96 months.

Treasury

20% - 200 million

Protocol reserve for future use, raises and future development of platform. Locked for at least 12 months.

Liquidity

5% - 50 million

DEX and CEX liquidity, listing.

Marketing & Partnerships

4% - 40 million

Allocated for KOLs, marketing and token swap with other projects

CHEDDA Release Schedule

This graph shows the release of CHEDDA tokens over time.