Beracana
  • Overview
    • About Beracana
    • Why Lend on Beracana
    • Why Borrow/Leverage on Beracana
    • CANA Token
    • How Beracana Works
      • Lending/Supplying
      • Borrowing/Leveraging
      • Strategy
      • Health Factor
      • Liquidation
  • Guide
    • Getting Started
    • Lending/Deposit Assets to Receive canaHONEY
    • Withdrawing Lent Assets
    • Opening a Position
    • Closing a Position
    • View Your Position
    • Rewards
    • Interest Rate Model / Utilization
    • Add/Remove Extra Collateral
    • Liquidated Positions
  • FAQs
    • Frequently Asked Questions
  • Double Chance Lotteries
    • Introduction
    • Overview
      • Primary Lottery Mechanics
      • Second Chance Lottery Mechanics
    • Security and Decentralization
    • Conclusion
  • Contract Addresses
    • Addresses
  • Tokenomics
    • Introduction
  • Twitter
  • Discord
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  1. Overview

CANA Token

CANA is the native token of Beracana, designed to incentivize users and secure the protocol's governance. While much of the Beracana experience revolves around BGT farming and leveraging, CANA plays a crucial role in ensuring the protocol operates smoothly.

Key Points about CANA:

  • Governance: CANA holders have the power to propose and vote on changes to the protocol, ensuring that Beracana evolves in a way that benefits its users and the broader Bearachain ecosystem.

  • Staking and Rewards: Users can stake CANA to receive a share of the protocol’s fees and additional rewards accrued through farming. Staking CANA also offers governance power, meaning users can influence key decisions such as who to integrate within the protocol.

  • Incentives for Lenders and Borrowers: CANA will also be used as an incentive for both lenders and borrowers on the platform, rewarding users for their participation and ensuring continuous liquidity for the Beracana protocol.

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Last updated 8 months ago