Cedro Finance (CED)

Cedro Finance is a cross-chain decentralized liquidity protocol where users can lend and borrow the listed assets across multiple chains with affordable transaction fees.

Pre-Seed Round: $1.5M

Whitepaper

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Interest lvl

NA

Updated: Apr 08, 2023

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Ticker

CED

Type

Utility-token

FoundedUnited States

Registration countryUnited States

Registration year2022

What is Cedro Finance

Cedro’s vision is to provide a seamless user experience for this cross-chain process without compromising on security. For the same action that took ~50 clicks, a user can now do it in ~5 clicks.

Cedro is starting out as an omnichain lending and borrowing protocol, but eventually aim to become an omnichain financial hub, and currently have new products in development.

CED is the native utility token for Cedro Finance. It will be deployed on all the chains supported by the protocol. This token will be allocated to those who provide value to the protocol i.e. Lenders, Borrowers, and Stakers.