What is coreDAO?

coreDAO develops decentralized finance (DeFi) products governed by an on-chain governance system. Token holders possess voting power to manage and implement changes within the ecosystem using the governance token, coreDAO, which oversees the CORE ecosystem.

One of the primary products offered is cLEND, a lending platform that enables users to take loans backed by various tokens. CoreDAO holders can influence aspects like fees and collateral types, as well as make updates to the cLEND contract through the governance model.