Security - CACAO is used as a sybil-resistant mechanism, where nodes must commit a CACAO bond to participate in the network. This bond can be slashed if the node misbehaves, ensuring reliable service.
Incentives - CACAO is used to pay transaction fees on the network and to provide rewards to liquidity providers.
The total supply of CACAO is 100 million tokens, with 90% distributed in a liquidity auction and the remaining 10% allocated to an impermanent loss protection treasury.
CACAO versus MAYA
The key differences between the CACAO and MAYA tokens in the Maya Protocol ecosystem are:
Purpose:
CACAO is the main utility token that powers the ecosystem, used for liquidity, security, and incentives.
MAYA is a revenue share token that captures 10% of the protocol's fees, but does not grant any governance rights.
Tradability:
CACAO is actively traded and pooled within the Maya ecosystem.
MAYA is not meant to be traded or pooled, and is intended to be held long-term by the community.
Supply:
CACAO has a total supply of 100 million tokens.
MAYA has a total supply of 1 million tokens.
Deterministic Value:
CACAO's price is designed to have a deterministic value of 1x the total value locked (TVL) in the protocol, as it is paired 1:1 with other assets.
MAYA's value is derived from capturing 10% of the protocol's fees, rather than having a deterministic price.
In summary, CACAO is the primary utility token that powers the Maya Protocol ecosystem, while MAYA is a revenue share token intended for long-term community ownership, without direct trading or governance rights.
