Asset Onboarding

Steps to Launch Your Asset on Cicada

1.1 RYA/RWA Certification

Assets must deliver real, sustainable returns, passing Cicada's 3S standard: Secure, Scalable, Sustainable. Sources include tokenized U.S. Treasuries, credit RWA, DeFi yield, or CeFi strategies. Returns must be verifiable onchain or by audits.

1.2 Oracle-Based Fair Valuation

Valuation must follow Cicada’s pricing frameworks:

Onchain oracles for quantifiable assets
Off-chain appraisal for non-standard asset

Ensures transparency in token pricing, rebase, and redemption.

1.3 Standardized Tokenization via Protocol

The assets need to undergo structural transformation through Cicada's PAM framework and LT-RT mechanism, and form standard asset products (DA or CA).

The contract deployment and configuration are provided by Cicada technical support
The token structure must comply with Cicada's two-tier asset design and distribution standards

The project party can choose the LaunchX page to complete the Launch of modes such as Fair Launch/ reservation subscription

1.4 Liquidity Provision

Assets on the chain must have the ability to access liquidity to ensure a good trading/redemption experience after being tokenized.

DA class assets need to support free trading through liquidity pools such as AMM (LT liquidity)
The redemption mechanism for CA-type assets is realized through the setting of the fund pool/cycle redemption window
Cicada will assist in providing initial liquidity allocation suggestions and support the integration of the liquidity incentive module

1.5 Derivative Compatibility

Assets with strong composability are prioritized (e.g., lending, options, vaults).Integration boosts lifecycle and ROI potential.

LT-RT rebalancing mechanism:

●LT (Liquidity Token) : Represents the right to liquidity and is tradable
●RT (Rebase Token) : Represents the right to income and automatically obtains the real income

The two can be interchanged at a 1:1 ratio, and the agreement will automatically adjust the supply and demand as well as the value according to market dynamics

Key Features:

High freedom : Switch liquidity/income rights at any time

Dynamic game structure : It can form market price signals

Automated revenue distribution : Rebase mechanism contracts are automatically executed

Composability : Projects without interest-bearing capacity can empower the value of their token economic system by relying on the DA assets they hold as the underlying support

DA Tokenization Framework

2.1 DA Asset Model

DA assets are created using the LT-RT rebalancing mechanism and are suitable for real assets with high-frequency trading attributes and strong liquidity demands. LT-RT rebalancing mechanism:

LT (Liquidity Token) : Represents the right to liquidity and is tradable
RT (Rebase Token) : Represents the right to income and automatically obtains the real income

The two can be interchanged at a 1:1 ratio, and the agreement will automatically adjust the supply and demand as well as the value according to market dynamics

Features:

● High freedom: Switch liquidity/income rights at any time
● Dynamic game structure: It can form market price signals
● Automated revenue distribution: Rebase mechanism contracts are automatically executed
● Composability: Projects without interest-bearing capacity can empower the value of their token economic system by relying on the DA assets they hold as the underlying support

2.2 Applicable Asset Types

2.3 Tokenization Structure Design

●LT Token (Liquidity Token) : Represents the liquidity share of an asset, which can be traded and enter the liquidity pool
●RT Token (Rebase Token) : It represents the income certificate and is automatically distributed every day to obtain the real income

Users can swap LT↔RT at a 1:1 ratio in Convert at any time and switch freely according to their earnings targets

The Rebase process is automatically executed by the protocol and does not rely on a centralized institution

Objective:

Maximize the marketization efficiency of assets and provide ready-to-use combined real return tokens.

CA Tokenization Framework

3.1 CA Asset Model

CA assets are onchain assets managed by institutions and driven by real returns. Their returns come from the stable interest-bearing ability of the underlying assets rather than token competition or market speculation. It is applicable to assets with low volatility, clear maturity structure and predictable returns.
The income certificates in CA assets represent the due income of users and can be redeemed at fair prices at any time, featuring high stability and certainty.

Features:

Stability: The source of income is clear and not market speculation
Security: The assets have been verified and entrusted by institutions
Redeemable: Income certificates circulate at predictable prices
Applicable group: Suitable for low-risk and stable investors
Model Analogy: More like a "Digital Currency Fund" in the crypto world

3.2 Applicable Asset Types

3.3 Tokenization Structure Design

Users generate CI-Tokens (interest-bearing certificates) by subscribing to USDC/USDT, etc. through the Subscribe function.
The daily Rebase of earnings is automatically credited to the CI-Token, and users do not need to operate during the holding period
After maturity, users can initiate redemption through "Redeem", and upon completion, Claim to receive the principal and earnings
CI tokens can not only serve as acceptance certificates for returns but also have sufficient liquidity, meeting the expectations of compliant asset management

Objective:
Create a stable asset structure similar to an "onchain money fund", targeting institutional and prudent investment users.

1Steps to Launch Your Asset on Cicada

2DA Tokenization Framework

3CA Tokenization Framework