CLP – How does CLP compare to other well-established CDP models in the market?

How does CLP compare to other well-established CDP models in the market?

Diverse Collateral Support: CLP supports ckETH and ckBTC as collateral, providing users with more diverse options and increasing platform flexibility.

Zero-Interest Loans: Unlike traditional CDP models, CLP adopts a zero-interest loan policy, allowing users to borrow CUSD without paying high-interest rates, enhancing the user experience.

CLPT Token Incentives: Users can participate in community building by mining CLPT tokens, fostering a more shared and community-driven ecosystem.

Crato Liquidity Protocol (CLP) is a decentralized financial protocol built on the Internet Computer Protocol (ICP) ecosystem, providing users with low-cost, interest-free lending services to enhance the liquidity and value of crypto assets.

CUSD Stablecoin
Issuance Mechanism: CUSD is a stablecoin issued based on users pledging ckETH or ckBTC, with its supply directly linked to the value of the collateral pledged by users. Users can obtain CUSD by depositing a certain quantity of ckETH or ckBTC, following the collateralization ratio.
Zero-Interest Lending: CLP adopts a zero-interest lending policy, enabling users to borrow CUSD without incurring high-interest costs. Users only need to pay a one-time fee, making borrowing services more accessible and economical.
CLPT Token
Total Supply: The total supply of CLPT is 1 billion tokens, with 20% allocated to sponsors and investment institutions, 10% to the product technical team, and 10% for marketing promotions. The remaining 60% is gradually released to the community through mining rewards.
Mining Rewards: Users engaging in activities such as deposits, loans, liquidation, and providing liquidity to the liquidity pool have the opportunity to earn CLPT mining rewards. Mining serves as a mechanism to incentivize users to actively contribute to community development and share in the platform’s success.
Governance Rights: CLPT functions as the governance token of the CLP platform. Holders have the right to participate in governance decisions, including voting for or against proposals, participating in parameter adjustments, allowing for deeper user involvement in the platform’s future.
Community Incentives: A portion of CLPT tokens is allocated for incentivizing community development. Users contributing innovative ideas and actively participating in discussions receive rewards, fostering a healthy and engaged community.