Cedro Finance
What is Cedro Finance?
Cedro Finance is a cross-chain decentralized liquidity protocol where users can lend and borrow the listed assets. Lenders are able to deposit their assets to contribute to the liquidity of the platform and borrowers are able to borrow the liquidity in an overcollateralized manner.
Why should I use Cedro Finance?
You have numerous reasons to use Cedro FInance. To list a few:
- We connect fragmented liquidity across chains, which means higher capital efficiency. So, for lenders and borrowers, it means better rates on assets.
- You can open your position on multiple chains with ease. Hence, wider financial opportunity access.
- First-class User Experience. With other protocols, you need to use multiple third-party services and numerous clicks to open positions across chains. However, you can achieve this in <5 clicks with us.
- Secure and easily scalable. Thanks to our top-notch architecture.
Cedro as an Ecosystem
One of the major goals of Cedro Finance is to act as a cross-chain Liquidity Layer over time. Builders will be able to use Cedro’s Liquidity and codebase to build their applications without having to worry about liquidity on their platform. A few out of the many applications that can be built using Cedro as the infrastructure are:
- Overcollateralized Decentralized Omnichain Stablecoins (ex. DAI for cross-chain)
- Peer-to-Peer Cross-chain Lending & Borrowing Platforms (ex. Morpho for cross-chain)
- Cross-chain DEXs (ex. Stargate)
- Omnichain Yield Aggregators (ex. Yearn for cross-chain)
- Cross-chain Perpetual Trading Platforms
- Credit line for fiat Platforms
And many more…
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Some of these applications will be built in-house and, at the same time, builders will be incentivized through various programs to help build the Cedro Ecosystem.
CED Token
CED is the native utility token for Cedro Finance. It will be deployed on all the chains supported by the protocol. This token will be allocated to those who provide value to the protocol i.e. Lenders, Borrowers, and Stakers.
Revenue Sharing
Cedro Finance makes revenue from the protocol fees. The profit will be distributed as follows:
- Cedro’s Treasury: 65%
- CED and veCED holders: 25%
- veCED holders: 10%
The funds in the treasury will be used during times of emergency and to make the protocol self-sustainable in terms of liquidity.
Liquidity Provider Incentives
A Liquidity protocol is only as good as the liquidity it has. Therefore, to make sure that we have enough liquidity in our protocol, we need to incentivize the Liquidity providers (Lenders) by rewarding them with CED for their contribution to the protocol.
The amount of CED received depends on two factors:
- Liquidity in the asset pool
- The amount of time the user has provided the liquidity for
However, to make sure that there’s no quick increase in sell pressure, the reward can only be redeemed once a month.
Token Allocation
The total token supply is 500M.
- 50% of the total supply will be used for community development purposes and vested linearly for 4 years.
- 20% of the total supply is allocated to the private investors with a 9 months cliff and 2 to 3 years linear vesting based on the investment round.
- 20% of the total supply is allocated to the team and advisers with a 9 months cliff and 3 years linear vesting.
- 10% is allocated to public sale and market making.
This documentation will provide different resources to understand this protocol better.
Use our protocol at: https://app.cedro.finance/
Join our community on:
Twitter: https://twitter.com/cedro_finance
Telegram: https://t.me/cedrofinance
Discord: https://discord.gg/R2KmG7bSEm
Collabs and Partnerships: contact@cedro.finance
