Concrete, an onchain yield operating system, said it has launched the Concrete Foundation as the governance and treasury entity for the protocol’s long-term development and introduced CT as its native governance and configuration token.
According to the announcement, eligible holders who lock or stake CT can participate in protocol governance and use preset configuration functions under applicable rules. CT is issued by Concrete Network, Ltd., which is also seeking trading access. Concrete said details of the token generation event, or TGE, will be announced separately. There is currently no claim process, presale or early access plan.
CT structure and governance rights
CT is an ERC-20 token on Ethereum with a fixed supply of 1 billion tokens and no inflation mechanism.
Eligible holders who lock CT can take part in decisions on protocol parameters, including strategy approvals, collateral classification, fee frameworks and treasury-related policies. Users who stake CT can adjust certain protocol-side fees connected to their own interaction with supported modules, within predefined technical parameters.
Foundation role and treasury use
The Concrete Foundation is a Cayman Islands foundation company. It is responsible for coordinating protocol governance and for holding and managing the CT treasury. Treasury resources may be used for protocol development and maintenance, security audits, ecosystem integrations and the foundation’s administrative expenses.
Protocol metrics and product coverage
Concrete disclosed ecosystem figures of $1.2 billion in deposits, more than $23 billion in cumulative trading volume, more than 54,000 depositors and over 1.2 million connected and signature-verified wallets.
On custody access, Concrete said it has connected to custody services from BitGo Bank & Trust, N.A. and Ceffu through AssetCX.
The company said its product suite currently covers Earn, Vaults, Enterprise white-label infrastructure and custody-native AssetCX.