ABRA
ABRA and veABRA: Manage Your Earnings on the Blockchain
Last updated
ABRA and veABRA: Manage Your Earnings on the Blockchain
Last updated
ABRA is a utility multichain token of the Cadabra Finance platform, based on the Omnichain LayerZero standard for fungible tokens, and can be transferred between supported networks.
The primary utility of ABRA is yield delivery and boosting of user rewards.
ABRA is distributed as rewards for providing liquidity in strategies based on voting results and allocated from the weekly emission.
Locked ABRA tokens (veABRA) is the core of the voting mechanism in a ve(3,3)-like model. It is also used in the DAO voting to manage the platform. The Cadabra ve(3,3) voting system allows users to earn rewards from underlining protocols.
