Description
Civitas Protocol is a decentralized, community-driven project designed to address liquidity and utility challenges in the DeFi ecosystem through a Community Governed Treasury that engages in income-generating activities. The protocol introduces Protocol Owned Liquidity (POL) to ensure sustainability, allowing users to stake tokens in exchange for governance tokens used in voting on proposals. It incorporates yield farming and token staking for rewards. Civitas operates with a deflationary model through its CVT token, applying a 2% absorption on transactions directed to a governance wallet. Funds in the governance wallet are allocated based on community votes, with at least 50% permanently burned and the remainder used for community-selected provisions. This model strengthens the protocol's liquidity, governance, and sustainability by ensuring community involvement in decision-making and economic strategies.
Civitas Protocol is a decentralized, community-driven project designed to address liquidity and utility challenges in the DeFi ecosystem through a Community Governed Treasury that engages in income-generating activities. The protocol introduces Protocol Owned Liquidity (POL) to ensure sustainability, allowing users to stake tokens in exchange for governance tokens used in voting on proposals. It incorporates yield farming and token staking for rewards. Civitas operates with a deflationary model through its CVT token, applying a 2% absorption on transactions directed to a governance wallet. Funds in the governance wallet are allocated based on community votes, with at least 50% permanently burned and the remainder used for community-selected provisions. This model strengthens the protocol's liquidity, governance, and sustainability by ensuring community involvement in decision-making and economic strategies.
