Kadia tokens

Draft names

These are the approved display names. They become the tokens’ own names only when a deployment mints its tokens under them. Today’s testnet tokens still carry older names, so your wallet may show something else. Check a token by its id, never by its name.

Source: kadia-lending docs/specs/lending-design.md (LD) and docs/specs/economic-model.md (EM) at commit 480a3cf; the names were approved by the owner on 2026-10-19.

Tokens you may hold

Lender token: Kadia Supplied USE (ERG), (LP), (rsBTC)

You receive it when you supply USE to a lending market. There’s one per market: (ERG) for the ERG market and (LP) for the LP market. The (rsBTC) name is reserved for a possible rsBTC market, which doesn’t exist. It has 3 decimals, like USE. It carries value: it’s your share of the pool, and you withdraw it for USE at the pool’s current value. Interest raises that value, and a loss beyond the reserve lowers it (EM §4.1, §7). It’s an ordinary token that you can send to anyone. A DEX listing would be a separate product step and hasn’t happened (LD §4, EM §19).

DEX LP token: Kadia ‹X›/‹Y› LP

For example, Kadia ERG/USE LP. You receive it when you add liquidity to a Kadia DEX market. It carries value: it’s a claim on a share of that market’s reserves. The market box holds the LP tokens that aren’t in circulation. In the LP lending market, these are the tokens you post as collateral.

Testnet tokens: Test USE, Test rsBTC

They’re stand-ins on Ergo testnet for USE and rsBTC, so you can try Kadia without real funds. They carry no value. Testnet ERG is free too: ask in the tester channel.

Tokens that stay in contract boxes

You won’t hold these. They mark Kadia’s own boxes, so the contracts and the apps can find the right ones by token id.

Loan token: Kadia Loan (ERG)

Every open loan’s box holds one. Borrowing hands it out from the market’s supply, and closing the loan burns it. A box counts as a loan only if it holds one (LD §5, D38). It carries no value of its own. Your collateral and debt are recorded in the loan box, not in this token.

Pool token: Kadia Lending Pool (ERG)

It’s a single token that marks the market’s pool box, which holds the USE. It carries no value of its own. The pool’s value belongs to the holders of the lender token.

Action tokens: Kadia ‹Verb› Action (ERG)

For example, Kadia Borrow Action (ERG). Each market has seven action boxes, such as Lend, Borrow, Repay and Liquidate. Each holds its own action token. Each transaction spends the pool and exactly one action box (LD §6.2). They carry no value.

Market token: Kadia ‹X›/‹Y› Market

It’s the Kadia DEX market token that marks a market’s box. This name is for display only: the token on chain doesn’t carry it. It carries no value.

Treasury control: Kadia Treasury Control

It’s one token that controls the protocol treasury, which receives the protocol’s share of interest as lender tokens (EM §1.1). The treasury contract is compiled with this token’s id. The treasury’s operator holds it. It isn’t worth anything to trade, but whoever holds it controls the treasury’s funds.