Cortex DAO Token (CXD) is the platform’s native utility token, used as the primary means to govern, secure, incentivize participants, and provide a default mechanism to store and exchange value. The Cortex Token is governed by the CortexDAO.
Total Supply is 271,828,182 CXD.
Liquidity Provider rewards for the CXD/USDC Curve pool will be paid in CXD. Rewards are issued with a liquidity gauge, keeping the doors open to earn additional CRV and CVX rewards in the future.
Other rewards include rewards for public Liquidity Mining, rewards for community initiatives and rewards for Core Contributors.
The CXD token can be locked for 1 week to 4 years to enable the following features: