Article Summary, Automatically Generated By AI
Summary of Cadence Protocol
Key Features
- Intent-centric perpetuals aggregator
- Integrated with Real World Assets (RWAs), Contract-Secured Revenue (CSR), and Liquid Staking Derivatives (LSDs)
- Part of Cadence’s intent-based execution network, Symphony
Tokenomics
- Total supply: 250 million CAD tokens
- Utility of CAD token includes fee revenue redistribution, governance voting, and staking benefits
Founders
- Four founders with expertise in Web3 industry
Availability
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Introducing Cadence Protocol: Pioneering a New Era in Blockchain Interoperability
Introducing Cadence Protocol (CAD): A Comprehensive Overview
Cadence Protocol is a pioneering, intent-centric perpetuals aggregator, poised to debut as the flagship perpetuals protocol on Canto, boasting unparalleled capital efficiency through the innovative integration of Real World Assets (RWAs), Contract-Secured Revenue (CSR), and Liquid Staking Derivatives (LSDs). This groundbreaking protocol will be seamlessly integrated into Cadence’s intent-based execution network, Symphony, empowering Cadence, fueled by Symphony, to tackle the pervasive issue of liquidity fragmentation and redefine the DApp user experience, thereby revolutionizing the DeFi ecosystem.
CAD serves as the project’s primary utility token and value capture mechanism. As Cadence continues to evolve, the value of the CAD token is poised to appreciate, driven by the additional use cases that will emerge from its integration with Symphony.
The CAD token boasts a multifaceted utility, encompassing: 100% of fee revenue redistribution to CAD and CLP stakers; governance voting rights; a long-term increasing share of protocol through the exit fee mechanism; staking benefits for traders, including elevated incentives and rewards; referral program rewards; mandatory CAD staking for solvers participating in the intent-centric infrastructure Symphony; gas payment token functionality via Account Abstraction within the intent-centric infrastructure Symphony; and a plethora of innovative strategies and products to be unveiled in the future, all within the intent-centric infrastructure Symphony.
What Is the Circulating Supply of CAD Coins?
The total supply of Cadence Protocol’s native token, CAD, is capped at a fixed amount of 250 million tokens, ensuring a scarce and valuable digital asset.
Staking on Cadence is designed with a system that prioritizes the interests of our long-term holders, ensuring optimal value capture and sustainability for our dedicated stakers.
Staking on Cadence is designed to achieve the following objectives: incentivize and reward long-term stakers, redistribute 100% of protocol revenue to stakers and liquidity providers, provide a safeguard against the adverse effects of wash-trading and short-term trading, and strike a balance between rewarding traders through incentives and maintaining the health of long-term stakers.
The Visionaries Behind Cadence Protocol: Meet the Founders
Cadence Protocol boasts a founding team of four visionary experts, each possessing profound expertise in the Web3 domain, with a proven track record of developing DeFi aggregation systems, production-ready smart contracts, sophisticated general message passing protocols, and seamless cross-chain communication solutions.
Acquiring Cadence Protocol (CAD): A Comprehensive Guide
CAD will make its debut on our Liquidity Bootstrapping Pool (LBP) on Fjord Foundry on January 22nd, 2024, marking the initial availability for purchase. Subsequently, CAD will be listed on an expanding array of Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs), facilitating widespread trading.
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Cadence Protocol Boasts a Range of Innovative Features:
Cadence’s multi-asset pool (CLP) will foster the emergence of micro-economies, facilitating auto-compounding, collateralization, and leveraged yield strategies, which in turn will attract increased liquidity, fortify Canto’s ecosystem, and bolster Cadence’s overall Total Value Locked (TVL), ultimately benefiting users.
Cadence Protocol is poised to emerge as the most capital-efficient perpetuals protocol, leveraging the synergy of three pivotal features that provide users with a comprehensive suite of additional incentives and yield-generating assets.
Notable features of our platform include: Contract Secured Revenue (CSR), Liquid Staking Derivatives (LSDs), and the utilization of Real-World Assets (RWAs) as Collateral.
In Q3 2024, Cadence is poised to unveil its groundbreaking intent-centric infrastructure, poised to revolutionize the DeFi landscape. This innovative execution network leverages account abstraction to seamlessly facilitate cross-protocol transactions, thereby eliminating user complexities by abstracting the underlying base layer infrastructure.
Cadence interlinks protocols, fostering a unified and interconnected ecosystem. By tapping into Cadence Intent infrastructure, protocols, super-apps, and networks can seamlessly connect to liquidity and protocols across every chain, instantaneously. This interconnectedness cultivates a more competitive yet collaborative environment among protocols, ultimately benefiting the end user and accelerating the growth of DeFi.