What is Chedda?

Chedda is a non-custodial DeFi lending protocol that supports collateralizing both fungible and non-fungible cryptocurrency tokens in risk isolated lending markets.
A key innovation in the design of the protocol is isolated token vaults, where deposited assets are siloed within a vault to eliminate cross-asset risk.
Chedda platform overview
We aim to be at the forefront of the push to unlock liquidity in all types of crypto and real-world assets through our key innovations:

Isolated Token Vaults

Lending markets on Chedda protocol consist of isolated lending vaults, in which assets are siloed based on their risk profile.
This is in contrast to other DeFi lending protocols such as AAVE and Compound, where all assets and collateral are placed in a shared pool.
The key advantage of this structure is asset risk can be isolated to specific token vaults, whereas with shared lending pools asset risk is spread across the entire protocol.
Read more on the isolated token vaults here.

Multi-Asset Collateral

The structure of isolated token vaults allows Chedda to support other token standards such as ERC-721, in addition to ERC-20 tokens. ERC-20 token support is standard across most DeFi protocols. Support for ERC-721 and ERC-155 tokens is emerging in newer DeFi protocols such as Fungify and BendDAO. However, Chedda is the first DeFi protocol that supports all above mentioned token standards under the same roof.

Rewards with VE Token

Governance of Chedda Protocol is through the voting escrowed token veCHEDDA.
$CHEDDA token holders must stake and lock their tokens for a period of time to mint veCHEDDA which is used to vote in governance proposals and direct token rewards on the platform.
veCHEDDA holders also receive a boost in rewards for providing liquidity to the protocol.