CherryLend is crafted to be an open-source and secure pooled lending protocol built on the Cardano blockchain.
Project and token overview
- Provide lenders and borrowers a secure and user-friendly environment to seamlessly transact without the possibility of 3rd party censorship.
- Increase Cardano DeFi’s total value locked by incentivizing community members to safely utilize their assets.
- Deliver a world-class, secure protocol with a highly intuitive and sleek user experience.
What’s the asset’s utility?
- Profit-sharing from transaction fees
Max Supply: 88m
Circulating Supply (Taptools): 9.5m
Diluted Market Cap (Taptools): 32,643,523 ₳ (25.05.2023)
TVL (Minswap): 2.43m ₳ (25.05.2023)
Volume 24h (Minswap): 286K ₳ (25.05.2023)
$CHRY will be operating an incentivised launch, with this 25m tokens will be released during the first 12 months of going live. Adding this asset to AADA will allow people to enter short positions in anticipation of this token supply inflation.
Adding CHRY will also allow their community to get a preview of what their own protocol will look like in a couple of weeks.