About
Staking
Stake your $CIT or $bCIT to earn substantial rewards in $CIT.
These staking rewards are available for claim at any time, free of charge.
Moreover, if you choose to compound your rewards, they can be redeemed for either $USDC or $WETH.
Limited Supply Bonds
Purchase $bCIT, the safest bonds available on the Arbitrum network, to acquire $CIT at the most favorable price.
By choosing $bCIT, you'll not only benefit from efficient staking and privileged redemption mechanisms but also enjoy a unique off-market DeFi experience.
Additionally, $bCIT offers a 1:1 conversion ratio with $CIT, further enhancing its value.
Redeem
Redeem your $CIT and $bCIT to receive $USDC or $WETH at a favorable rate.
The redeem system is designed to shield the $CIT price from selling pressure by encouraging users to opt for redemption instead of selling via Camelot.
When you redeem your $CIT and $bCIT, you not only bypass the 15% sell tax but also continue to enjoy the staking rewards during the redemption period.
What's new?
Controlled inflation:
Managed inflation of the $CIT token is achieved through a precise balance of bonding emissions and staking rewards. Both sources of inflation are subject to strict limits, ensuring control.
To complement this, we have robust mechanisms for burning, effectively offsetting any inflationary pressures and maintaining token stability and value.
Supply Burning:
The redemption system is highly advantageous for both users and Citadel, as every redeemed $bCIT or $CIT is permanently burned, enhancing the ecosystem's stability.
Burned tokens are removed from the circulating supply, reducing the total supply and increasing the value of the remaining tokens.
Roadmap
Phase 1
- $CIT Launch
- First bonding phase opens ($USDC and $CIT)
- Staking and redeem opens
Phase 2
- Post launch marketing starts
- Partnership with Arbitrum ecosystem to give more value to $CIT and $bCIT
Phase 3
- More assets added to purchase bonds
- Liquid staking (introducing $sCIT token)
