Credence ($CRED)
The project's token, launching on Pump.fun. It is for taking part in the ecosystem. It is not the lending currency, it is not collateral for any credit line today, and holding it entitles no one to protocol revenue.
Reading the chain…
What the token does, and does not do
Separate from lending
Loans, lines, deposits and defaults are all in USDC and are accounted for in the credit pool. Nothing on this page changes a pool balance, and the token's price has no effect on any line.
Creator fees fund the protocol
Pump.fun pays a creator fee on trades, to the token's creator wallet. First it pays for deploying lending to mainnet. After that, fees are converted to USDC and deposited into the treasury, which splits them by a published allocation, each deposit with its transaction.
Not collateral
Holding or locking the token backs no credit line. Every line is fully backed by USDC that a sponsor or the treasury has committed, and that will not change because of the token.
No promises
No yield, no revenue share, no buybacks.