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

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

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

The token allocation is described in this chart:

Allocation	Percentage
Token Sales	23%
Core Contributors	13%
Community Incentives	10%
Treasury	20%
Platform Rewards	25%
Liquidity	5%
Marketing & Partnerships	4%

Breakdown

Private & Public Sales

23% - 230 million

This includes all rounds of token sales.

25% at TGE, followed by 12 month linear vesting.

Core Contributors

13% - 130 million

Team advisors and other early contributors.

25% at 3 month cliff, followed by 24 month linear vesting

Community Incentives

10% - 100 million

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

12 month linear vesting, no cliff.

Treasury

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.

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.

No cliff, to be distributed over 96 months (8 years).

Liquidity

5% - 50 million

DEX and CEX liquidity, listing.

Marketing & Partnerships

4% - 40 million

Allocated for marketing activities and partnerships with other projects, token swaps, etc.

3 month cliff.

CHEDDA Release Schedule

This graph shows the release of CHEDDA tokens over time.