Tokenomics
Last updated
Last updated
Cashio has 3 main token.
COW: the protocol's token for incentivization.
CASH: a USD pegged stable coin.
CGT: the protocol's token used for governance.
In order to bootstrap liquidity for CASH and build a community early on, the COW meme coin was created. It served as the testing grounds for initial functions of Cashio by providing rewards for the CASH LP pools in Quarry, and eventually served as the first test of the gauge function in Tribeca Protocol when the COW DAO was launched as The First Tribeca DAO.
100% of COW supply will be distributed by fair launch as emissions on CASH LP pools.
CASH is a USD pegged stable coin that is backed by interest bearing tokens. Currently, only Saber USDT-USDC LP tokens are accepted as collateral to mint CASH.
CASH Mint Address: CASHVDm2wsJXfhj6VWxb7GiMdoLc17Du7paH4bNr5woT
Address for Crate token which holds the collateral:
J77Nq48nbq4Etf1voss38R3dTdR3yD7y5F6W6TaVHvmb
Use Jupiter to trade CASH
Held by exchange rates. More in depth analysis in progress.
Early Adopter (3.5% of FDMC)
All goes to veCOW holders over the course of 1 year.
Token distributed is CGT-SAVE-1YR, which is a token that converts to a 1yr-locked veCGT
Buyout (30% of FDMC)
Distributed over the course of 1 year:
50% to veSBR
50% to veSUNNY
Token distributed is CGT-SAVE-1YR, which is a token that converts to a 1yr-locked veCGT
Team (6.5% of FDMC)
DAO CGT Reserves (60%)
Used for DAO Actions
