Cadence Protocol price

CAD

#3306

Cadence Protocol’s total supply is capped at 250 Million CAD tokens.

Staking on Cadence is built with a system that benefits our community of long-term holders in mind. This will ensure maximum value capture and sustainability for our long-term stakers.

Staking on Cadence intends to: - Incentivize and reward long-term stakers. - Give back 100% of protocol revenue to stakers and LP providers. - Offer security from wash-trading and short term trading effects. - Reward traders through incentives while balancing the health of long-term stakers.

CAD will be available for purchase first on our LBP on Fjord Foundry on January 22nd, 2024. After this, CAD will be available for trading on a growing number of CEXs and DEXs.

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Cadence’s multi-asset pool (CLP) will create micro-economies for auto-compounding, collateralization, and leveraged yield; thereby attracting more liquidity and strengthening Canto's ecosystem and Cadence's overall TVL thus benefiting users.

Cadence Protocol will be the most capital efficient perpetuals protocols through the integration of three key features that provide users with a suite of additional incentives and yield-generating assets.

These features include: - Contract Secured Revenue (CSR) - Liquid Staking Derivatives (LSDs) - RWAs as Collateral

In Q3 2024, Cadence will integrate our intent-centric infrastructure that serves to transform DeFi. This intent-centric execution network utilizes account abstraction to facilitate cross-protocol transactions, removing user complexities by abstracting base layer infrastructure.

Cadence connects protocols together, creating a unified and interconnected ecosystem. Protocols, super-apps, and networks can tap into Cadence Intent infrastracture and instantly connect into liquidity and protocols across every chain. This connectivity creates a more competitive yet collaborative environment between protocols, ultimately benefiting the end user and accelerating the growth of DeFi.