CREDI would act as the project’s main token. As mentioned, it will be used for rewards on the platform, and this is also the token used in the token sale. However, it was designed in a way that will give it a perpetual inflation of -5% per year, depending on the overall CREDI supply.
Apart from simply being used as a reward, CREDI also has other tasks, such as increasing the project’s security. Essentially, the token adds a security layer for the issued loans on the platform, as users who want to get xCREDI first have to deposit their CREDI into the security module of the platform. Any CREDI that gets into the module can also be used by the platform to remunerate lending liquidity providers, just in case a loan on the platform ever goes into default and liquidation.
Users can obtain CREDI by buying it during the token sale, purchasing it from Uniswap via the CREDI/DAI liquidity pool, or earn it as a reward for lending liquidity for the platform, liquidity pool, or the xCREDI/DAI liquidity pool. After obtaining the token, users will be free to keep it and provide liquidity for more rewards, sell it on Uniswap, or convert it to xCREDI and then use this token further.
Owning xCREDI brings its own benefits, of course, including the ability to participate in the platform’s governance, provide liquidity and get rewards, or simply trade it on Uniswap DEX. The project expects that there will be a continuous demand for xCREDI due to the LP program and buybacks, so there should be no shortage of users willing to buy the token via the DEX.