# Tokenomics

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.&#x20;

## The COW token

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](https://medium.com/@TribecaDAO/introducing-tribeca-governance-by-daos-for-daos-3e2d4d29b8b2).&#x20;

![](https://15188753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F77HOx7pv9vyjn9WeDANH%2Fuploads%2F14EKGJyGz3jdaOy60g7R%2FCashio%20v2%20-%20Page%201%20\(3\).png?alt=media\&token=af35605b-2f33-4846-9150-264435d6f938)

### COW Token Distribution

* 100% of COW supply will be distributed by fair launch as emissions on CASH LP pools.&#x20;

## The CASH Token

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.&#x20;

![](https://15188753-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F77HOx7pv9vyjn9WeDANH%2Fuploads%2FoP7xfFzK5gjAchYtwBII%2FCashio%20v2%20-%20Page%201%20\(2\).png?alt=media\&token=e212e11a-0fc0-44f7-994b-daf439078cdd)

CASH Mint Address:\
[CASHVDm2wsJXfhj6VWxb7GiMdoLc17Du7paH4bNr5woT](https://explorer.solana.com/address/CASHVDm2wsJXfhj6VWxb7GiMdoLc17Du7paH4bNr5woT?cluster=mainnet-beta)

Address for Crate token which holds the collateral:

[J77Nq48nbq4Etf1voss38R3dTdR3yD7y5F6W6TaVHvmb](https://explorer.solana.com/address/J77Nq48nbq4Etf1voss38R3dTdR3yD7y5F6W6TaVHvmb/tokens?cluster=mainnet-beta)

**Use** [**Jupiter**](https://jup.ag) **to trade CASH**

### **The CASH Price Peg**

Held by exchange rates. More in depth analysis in progress.

## The CGT (Cash Governance Token)

### Allocation (Subject to change)

* 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&#x20;
* Team (6.5% of FDMC)
* DAO CGT Reserves (60%)
  * Used for DAO Actions

![](https://lh5.googleusercontent.com/SCw_G3_y6xRBWayn39AxPA4JbgwXjCLNev3zlF_21tEYSsKWzlnXKDsLLYZ0DV94bFLGigb153Ru51paTomPg2DpvL2CHTF7pDDC2j0lt3OenMzyhHC1pKXvfLffY75xB0y8ZQFc)
