Concrete launched the foundation and governance token CT

On-chain yield operating system Concrete announced the launch of Concrete Foundation, a governance and treasury entity to support the long-term development of the protocol, and introduced the native governance and configuration token CT. Eligible holders can participate in protocol governance and use established configuration functions under applicable rules by locking or staking CT. CT is issued by Concrete Network, Ltd., which is also seeking its trading access. Details of the TGE will be announced separately, and there are currently no claims, pre-sales, or early access plans.

CT is a fixed supply ERC-20 token of 1 billion on Ethereum, with no inflation mechanism. Qualified holders who lock CT can participate in decision-making on protocol parameters such as strategy approval, collateral classification, fee framework, and treasury-related policies. Users who stake CT can adjust certain protocol-side fees related to their interaction with supporting modules under predefined technical parameters. Concrete Foundation is a Cayman Islands foundation company responsible for coordinating protocol governance and holding and managing the CT treasury. Treasury resources can be used for protocol development and maintenance, security audits, ecosystem integration, and foundation administrative expenses.