Cerra.io: A Decentralized Finance Platform on Cardano
Cerra.io is a decentralized finance (defi) platform built on Cardano that offers users ownership through the CERRA utility token. The token serves as a share of ownership in the platform and allows token holders to receive profits through staking. By staking CERRA, users can earn passive income.
A Fully Decentralized and Open-Sourced Platform
Cerra.io operates as a fully decentralized and open-sourced platform. It utilizes smart contracts to run its engine, providing transparency and eliminating the need for a centralized setup. CERRA is the sole source of ownership within the platform.
The platform is live and accessible at app.cerra.io, generating revenue through defi services and collecting fees for their usage. All fees are automatically directed into the treasury smart contract, which then distributes funds based on the amount of CERRA staked. Additionally, Cerra.io utilizes decentralized oracles for its operations.
Defi Services Offered by Cerra.io
Cerra.io provides several defi services:
- Peer-to-peer lending: Borrowing or lending requests incur a fixed ADA fee that goes into the treasury smart contract.
- Spot swaps: Swaps within the liquidity pool carry a fixed ADA fee directed to the treasury smart contract.
- Pool lending: Borrowing from the liquidity pool involves a set ADA percentage fee deposited into the treasury smart contract.
- Derivatives: Opening positions incurs a fixed ADA fee that is also deposited into the treasury smart contract.
Cerra.io plans to introduce more products into its ecosystem throughout 2024 and 2025.
Cerra.io Token and Utility
The total supply of CERRA is 50 million. The token’s scarcity and adoption may support its prices. The presale is currently ongoing, with the public sale scheduled for Q2 of 2024.
The CERRA token offers various utilities:
- Staking: Stake CERRA to receive a proportional amount of 100% of platform profits.
- Holding: Holding CERRA grants access to the platform for free and allows users to earn passive income.
- DAO voting: Allocate CERRA tokens to contribute to Cerra.io’s development and operational direction through voting.
- Farming: Provide liquidity to Spot Swap Pools, Lending Pools, or Derivatives to receive CERRA incentives.
- Governance: Propose or vote on platform features, upgrades, resource allocation, and more.
The roadmap for Cerra.io includes continuous platform improvements, the introduction of AMM swaps, pooled lending, derivatives, and the release of open-sourced smart contracts for transparency.
Conclusion: A Profit-Sharing Model in a Decentralized Environment
Cerra.io sets a precedent for other projects by offering a profit-sharing model that embraces true decentralization. Users can participate in the platform’s growth while earning passive income through staking and holding CERRA tokens. Visit the Cerra.io website for more information.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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