🏠Introduction
Last updated
Last updated
Cerra stands as a decentralized finance (DeFi) platform where users have ownership, fueled by the CERRA utility token, which operates on the Cardano blockchain. CERRA utility token serves as the primary catalyst for the Cerra economic activities and represents a share of ownership in the platform. The platform's profits are distributed among CERRA token holders through staking, ensuring that all circulating tokens are entitled to receive 100% of the platform's earnings. Holding CERRA tokens guarantees a lifetime of passive income.
As all of the Cerra components are fully open sourced, CERRA utility token acts as the one and only true source of ownership.
The platform generates revenue through the provision of significant DeFi services, collecting fees for their usage. All fees resulting from interactions with Cerra's DeFi smart contracts are automatically funneled into the Treasury smart contract. Subsequently, the Treasury smart contract releases a specified sum of funds, based on the amount of CERRA tokens staked within it.
The Cerra platform comprises these key DeFi services:
Peer-to-peer lending: Creating each borrowing or lending request incurs a fixed ADA fee, which is then placed in the Treasury smart contract.
Spot swaps: Every swap executed within the liquidity pool carries a fixed ADA fee, which is also directed to the Treasury smart contract.
Pool lending: Borrowing from the liquidity pool comes with a set ADA percentage fee, also deposited into the Treasury smart contract.
Derivatives: Opening each position involves a fixed ADA fee, which is deposited into the Treasury smart contract.
