Founders Fund-backed Caldera to launch native ERA token along with community airdrop
Quick Take Caldera, a rollup-as-a-service infrastructure provider, is launching its native ERA token. The token will be used primarily for gas fees, staking, and governance within its ecosystem.
Rollup-as-a-service infrastructure provider Caldera is launching its native token, ERA, which will serve as its main asset for gas fees, staking, and governance.
The token has a total supply of 1 billion, with 7% reserved for distribution to community members and ecosystem participants.
Users have been asked to register through the claim site before the token launch to be eligible.
The ERA token will serve three core purposes: powering network transactions as a standard omnichain gas token, enabling staking to secure cross-chain message validation, and coordinating decentralized governance through onchain voting.
The Caldera Foundation, based in the Cayman Islands, oversees the growth and decentralization of the ecosystem. Governance will be progressively decentralized, with token holders eventually electing members to sub-councils such as a technical security council.
Caldera operates a modular operating system used to launch custom rollup chains on popular Ethereum Layer 2 ecosystems like Arbitrum, Optimism, Base, and ZKsync.
An interoperability protocol called Metalayer connects these chains into a unified network, enabling shared liquidity and intent-based bridging.
Founded in 2022, the provider now powers over 50 rollups with a combined total value locked of more than $400 million. The team has raised a total of $25 million in funding to date, including a $15 million Series A last year led by Peter Thiel's Founders Fund.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hashrate orders are booming, why is "AI trading" falling out of favor? JPMorgan reveals the time lag between AI investment and productivity realization
Joseph Lupton from the JP Morgan Global Economic Research Team pointed out in a research report on November 10 that recent improvements in labor productivity have been driven more by capital deepening and increased intensity of factor utilization. The broad efficiency gains from AI, resulting from process reconstruction, data integration, and organizational adjustments, will still take time to materialize. This means orders for chips, servers, and electrical equipment may grow first, but continuous investment returns for computing power operators and end users may not arrive at the same pace.
AI investment enters the "Trough of Disillusionment", the next 18 months will be a life-or-death test!
Goldman Sachs believes that the AI investment cycle is currently in the "trough of disillusionment," but this is not the first time. The core contradiction lies in the fact that the business models of new cloud computing providers are highly dependent on end-user returns from AI spending, while currently "there are basically zero companies that can attribute profits to AI." Social Capital founder Palihapitiya has clearly defined an 18-month key window, during which the market will decide which AI business models are sustainable and which are not.
Anthropic's Core Concern: Revenue Can Be Withdrawn at Any Time, but Computing Power Costs Are Locked in for up to 20 Years
Zheshang Securities believes that Anthropic's revenue is mainly based on usage-based billing, with remaining performance obligations covering only about 5.1 months of annualized revenue, while compute power costs are already locked in with $895.4 billion in irrevocable commitments, some extending as far as 2045. Revenues can be reduced at any time, but costs are non-exitable, creating a highly asymmetric maturity gap between the two—this is the company's real core constraint.
Triple Pressure from the Federal Reserve, Treasury, and Congress; Goldman Sachs: Liquidity Crisis May Occur in 2027
Goldman Sachs warns that the reserve ratio of bank assets has dropped to around 11%, only slightly above the crisis trough of 2019. In the second half of 2027, a deadlock in debt ceiling negotiations will force the Treasury to rebuild the TGA, triggering a "perfect storm" of a sharp drop in reserves and a surge in T-bill supply; combined with stalled money market fund buying, this will create a huge liquidity black hole. The Federal Reserve could be forced into the awkward position of lowering interest rates and launching large-scale bond purchases to rescue the market.
Crypto prices
More
