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$CBLP Tokenomics
The native governance and utility token underpinning the entire functionality of Yamfore, is $CBLP. The $CBLP token is required to utilise the services of the protocol as well as provide a decentralised and fairly distributed method of enabling governance of the protocol amongst individuals with the most monetary stake in the system. The main utilities of $CBLP are as follows: Utility, Governance and Appreciation.

Utility

The $CBLP token is the key requirement in utilising the Yamfore lending protocol. There is a total fixed supply of 1 Billion $CBLP tokens. This ensures the native token underlying the utility and governance of the protocol is deflationary in monetary nature. The price appreciation of $CBLP will follow accordingly as the protocol captures more market share, users, liquidity, features etc

Governance

The Yamfore protocol, similar to many other protocols, uses a token weighted voting process. This fairly gives the individuals with the most monetary stake in the protocol a larger say in the development of the protocol. This also creates a necessary threshold for crucial proposed changes to the protocol, requiring the true consensus of a large enough percentage % of $CBLP token holders to initiate / approve these proposals.

Appreciation

The $CBLP token is primarily tied to the success and longevity of the Yamfore protocol. As the Yamfore protocol captures more market share, users, liquidity etc The price appreciation of $CBLP will follow accordingly. As the Yamfore protocol operates and acquires profits from the staking rewards of the deposited ADA collateral from borrowers in the protocol. This creates a sustainable profit cycle consisting of Demand, Funding, Liquidity.
Demand: As the protocol is utilised by users seeking crypto-backed loans, the $CBLP token required to utilise the protocol sustains demand due to its utility. Funding: The ADA collateral deposited by borrowers in the protocol ensures consistent staking rewards are being collected by the protocol. The collected staking rewards are then exchanged for stablecoins which are resupplied to the protocols stablecoin reserves.
Liquidity: The influx of newly added funds improves the lending rates attracting borrowers that were “on the fence” in regards to the prior lending rates. This consistent inflow of capital ensures the protocol is able to continually facilitate crypto-backed loans.
This illustration below visualises this profit cycle:
Profit Cycle

$CBLP Token Allocation

Protocol Treasury: 50% of $CBLP will be allocated for the liquidity treasury. The liquidity treasury is tasked with effectively “dollar cost averaging” $CBLP tokens for stablecoins and capturing any surplus value from the markets.
Community: 25% of $CBLP will be allocated to the community with all generated revenue going towards bootstrapping the stablecoin treasury. This 25% distribution can be a single or combination of the following: IBO, CZI, ISPO, IDO etc
Airdrop: 1% of $CBLP will be allocated for the community airdrop. This will be structured to reward all active community members of Yamfore, and bootstrap initial governance of the protocol amongst true supporters.
Development Team & Misc: 19% of $CBLP will be allocated for the core development team, future hires, partnerships etc.

Vesting Schedule of $CBLP

Yamfore is dedicated to a fair vesting schedule that rewards early investors of the protocol with a simple & transparent vesting schedule. Yamfore aims to make 50% of the total amount of $CBLP tokens released and circulating in the market within 1 year (73 epochs). This will ensure the only source of token inflation will be minor and strictly from the community controlled vesting schedule of the liquidity treasury.

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Utility
Governance
Appreciation
$CBLP Token Allocation
Vesting Schedule of $CBLP