CFN Token

Token Utility and Functions

Governance: CFN holders can vote on various decisions regarding the development and changes within the Counterfactual ecosystem, such as fee structures, deployment to another chain, or changes in the CFN rewards distribution.
Incentives: CFN holders can lock their tokens in the Counterfactual DAO to receive veCFN, which provides increased governance power, staking rewards, and a portion of the fees collected by the protocol.

Total Supply: The total supply of CFN is capped at 80M tokens, intended to be fully released over approximately 100 years.
Emission Schedule: CFN tokens are distributed gradually as block rewards to those who mirror assets. The emission rate decreases over time, reducing the supply inflation.

CFN is distributed to asset pools. The amount of CFN each user receives depends on the amount of liquidity they provide and the pool they are participating in.

veCFN: Users can lock CFN tokens to receive veCFN ("voting escrow CFN"), which cannot be traded. The longer CFN is locked, the more veCFN is received. Holding veCFN entitles users to higher rewards distributions and more significant influence in governance votes.
Boosting: Liquidity providers with veCFN can boost their rewards on the assets they mirror, receiving up to 2 times the standard CFN distribution, depending on the amount of veCFN they hold.

Last updated 3 months ago