Cadence Protocol CAD Price $ 0.171

Cadence is an intent-centric perpetuals aggregator first launching as the flagship perpetuals protocol on Canto that will be the most capital-efficient use of liquidity by integrating Real World Assets (RWAs), Contract-Secured Revenue (CSR), and Liquid Staking Derivatives (LSDs). This protocol will be integrated into Cadence's intent-based execution network, Symphony. Cadence, powered by Symphony, will tackle liquidity fragmentation.

CAD token is the main utility and governance token in the Cadence Protocol. It offers receiving 100% of fee revenue redistributed to CAD and CLP stakers, voting rights in governance, and a long-term increasing share of the protocol through the exit fee mechanism. CAD token holders also enjoy staking benefits, rewards from a referral program, and are required for solvers participating in Symphony. It's additionally used as a gas payment token via Account Abstraction in Symphony.