What is De-Fi?
De-Fi stands for decentralized finance, which represents a brand-new monetary system built on a public blockchain. Most of the current De-Fi platforms work mainly by lending a certain amount of asset on a crypto mortgage or through providing collateral to take out a loan on a cryptocurrency.
What is CREED Protocol?
Creed protocol aims to simplify De-Fi for the general users and help boost their profits at the same time, even for those unfamiliar with the world of digital assets. The Creed protocol ecosystem will be created and operated in conjunction with the Creed community through a governance system.
The Creed governance supply token is a minting token that will be distributed generally to the users of the Creed Earn Pool & Creed Saving Pool over certain period of time. The holders of the Creed token will have an opportunity to make suggestions and changes to the direction of Creed protocol.
The governance system comprises of deciding on various policies; operational direction, products of Creed protocol, assets to list on the protocol, etc. are all voted through governance tokens (Creed) by the holders themselves. Any proposal will be passed if a majority of the governance agrees to it.
Block per mint
(including halving period)
Operation & Audit
Maintenance & Development
The token will be minted with a bonus for liquidity providing purpose. Two percent of every minted CREED will be stored for operations and management. The remainder will be used as governance tokens to vote on various operational issues and overall direction of the Creed protocol.