# About Cellana Finance The first innovative Ve(3,3) Decentralized Exchange on Aptos Network
Cellana is a community-owned decentralized exchange on the Aptos network that fosters DeFi growth through a sustainable liquidity incentives model. This innovative DEX is the first ever which uses the Ve(3,3) Model in Move Language. Our ambition is to become a vital liquidity pillar of the Aptos DeFi Ecosystem. We strive to assist emerging protocols in bypassing initial liquidity obstacles while also supporting established protocols with a sustainable plan to stimulate liquidity at minimized costs. # Our Mission Our mission is straightforward: * We plan to become the DeFi leader on Aptos by supporting DeFi growth through our innovative Ve(3,3) Model. * We envision Cellana as the first gateway for both fresh and established protocols that seek a ground-breaking liquidity incentive solution on Aptos. By achieving this, Cellana helps create added value for users and the entire ecosystem. # Understanding the Ve(3,3) Model The flywheel at Cellana Finance The Ve(3,3) economic model tackles the obstacles of motivating liquidity providers and guaranteeing revenue for DEX governance token holders. Our groundbreaking strategy establishes a self-sufficient solution that effectively harmonizes incentives and rewards. A cutting-edge DEX adhering to the Ve(3,3) model presents an optimal platform for emerging projects to establish their liquidity pool. In a traditional DEX, if a project desires to bootstrap its LP, the pool must offer enticing incentives and the ability to receive a portion of token emissions from the DEX. However, the DEX retains complete control over token emissions and can introduce incentives to liquidity pools. Consequently, projects or protocols possess minimal to no authority in influencing the DEX. Hence, the Ve(3,3) DEX resolves this predicament by granting the community the autonomy to incorporate incentives and redirect token emissions. Traditional DEXes such as Pancakeswap and Uniswap encounter challenges regarding revenue distribution for protocol token holders and providing adequate incentives for liquidity providers. Trading fees frequently fail to entice liquidity providers, resulting in the implementation of liquidity mining initiatives that involve token emissions. Regrettably, the continuous emission of tokens can significantly influence the token's price in the long run. Furthermore, protocol token holders need help diverting revenue from liquidity providers towards the DEX, as any such action would prompt more liquidity providers to withdraw, thereby diminishing overall liquidity and trade volumes. In a nutshell, the Ve(3,3) model solves these issues through a unique fee and incentive structure: * Directing all trading fees to voters. * Attracting liquidity providers with CELL emissions. * Empowering projects to add incentives into liquidity pools to attract voters as voting power represents a share of token emissions. # User Flow Providing a win-win solution for all parties The Ve(3,3) framework ensures that the interests of all participants in the Cellana Finance ecosystem are aligned. This encompasses voters, liquidity providers, traders, and protocols.

User Flow

## Protocols New projects/protocols have the flexibility to add any amount of incentives in order to attract voters to support their LP. As a result, the liquidity pool will receive a portion of CELL token emissions, thereby enhancing the depth of the liquidity pool. ## Voters CELL holders have the option to lock their tokens for veCELL and become voters on the Cellana platform. By becoming voters, users gain the ability to utilize their voting power to vote on liquidity pools. This allows them to earn trading fees and the opportunity to receive additional incentives from the specific liquidity pool they have voted for. Typically, voters are motivated to select liquidity pools that exhibit high trading volume or offer attractive incentives, which maximizes their potential returns. ## Liquidity Providers Liquidity providers are frequently motivated to contribute liquidity to pools that offer the highest token emissions. After supplying liquidity to a specific pool, these providers are required to stake their LP tokens in the protocol gauge to qualify for CELL token emissions. ## Traders Trader will enjoy low slippage rate thanks to the deeper liquidity pool. In summary, the Ve(3,3) economic model offers mutually beneficial solutions for all parties involved as the following: 1. Projects/protocols add incentives to bootstrap their liquidity pools and thus attract voters. 2. Voters participate in voting for liquidity pools that offer high incentives, enabling them to earn profits. As the number of voters selecting a particular pool increases, the pool receives a greater allocation of CELL emissions. 3. As the pool presents an appealing opportunity for CELL emissions, liquidity providers will contribute liquidity to the pool and stake their LP tokens to receive CELL emissions, thereby enhancing the depth of the liquidity pool. 4. A deep liquidity pool enables traders to swap with lower slippage, enhancing their trading experience. This increased liquidity will also attract a more significant number of traders to participate in swaps on the DEX, resulting in a higher generation of trading fees. # Tokenomics Read the next part to learn more about Cellana Tokenomics Total Supply: 1,000,000,000 CELL
# Protocol Tokens ### Cellana uses a dual token model to incentivize all parties in the ecosystem: CELL is the utility token distributed through weekly token emissions which incentivizes users to add liquidity and stake the LP tokens in protocol gauges. ### veCELL is Cellana’s governance token in the form of an NFT. CELL holders can lock their tokens for a fixed duration in exchange for veNFT. veNFT gives holders veCELL voting power, which can be used to vote on liquidity pools and thus redirect the CELL emissions to the voted liquidity pools. The lock duration will vary depending on users. The maximum lock-up time is up to two years as follows: * 100 CELL locked for 2 years will receive 1 veNFT with 100 veCELL voting power * 100 CELL locked for 1 year will receive 1 veNFT with 50 veCELL voting power veNFTs can be merged, split, and traded on the secondary markets. Users’ voting powers diminish over time until reaching zero when lock-up time is over. Therefore, in order to maintain voting power, users must frequently re-lock their tokens, which helps enrich the Cellana ecosystem overall.
# veCELL Utility veCELL has four distinct utilities as follows: * **Voting Power:** Holders have the ability to vote for liquidity pools weekly. The CELL emissions for the following epoch will be redirected to liquidity pools based on voting results. * **Governance:** Holders will participate in voting for protocol proposals. * **Fee earning:** veCELL voters receive 100% of the trading fees generated by the liquidity pools they voted for each epoch. * **Incentives:** Voters earn 100% incentive rewards for the pools they voted for each epoch. Revenues are determined by your weighted voting power for each liquidity pool. # Emissions Specifications * Weekly emissions at inception: 1,500,000 CELL * Weekly emissions decay: 1%

Projected Emission Schedule

# Rebase To reduce voting power dilution for veCELL holders, an allocation of the weekly CELL emissions will be distributed proportionally to veCELL holders. The weekly rebase amount is calculated with the following formula: Rebase = Weekly emission \* (Total veCELL voting power / Total $CELL supply) ^ 3 # How it works # Swap Lowest slippage for traders **Swap Engine**
Cellana uses a different swap algorithm depending on how assets are correlated to one another. The hybrid swap engine is as following: vAMM – Cellana follows Curve swap algorithm to provide services for assets with low price correlation. sAMM – Cellana uses the Solidly stable-swap algorithm for highly correlated assets. ## Swap Fees Cellana introduces a fully adaptive fee structure, where trading fees are dynamically adjusted in response to market volatility with min/max values of 0% and 10%, respectively. By default all V2 volatile pools are set to **0.1%** and stable pools to **0.04%**. ## Volatile Pools Volatile pools are defined as assets that have no direct correlation in price. For example, CELL/APT is referred as volatile pool since the price of CELL has no relationship to the volatility of APT. Volatile pairs use the following formula to determine the price: x × y ≥ k

Volatile Pool

## Stable Pools Stable pools are defined as assets that have a direct correlation to each other. Examples are USDC/USDT. The price of the 2 assets will trade very close to each other and thus a different approach can be taken to allow for much higher volume at low slippage. Stable pairs use the following formula to determine the price: x³y + y³x ≥ k

Stable Pool

# Liquidity Pools Add liquidity and stake to earn veCELL Users can provide liquidity to Cellana liquidity pools in exchange for LP tokens. Staking LP tokens in the gauges makes users eligible for CELL emissions.
On this page, all liquidity pools (LPs) are visible for users to observe and participate by adding liquidity. By staking LP tokens, liquidity providers are eligible for CELL emissions. The weekly CELL emission for each pool will vary, as it depends on the accumulated voting power for the selected pool. Consequently, the Ve(3,3) model initiates a 'liquidity war' where users are incentivized to provide liquidity to high Annual Percentage Rate (APR) LPs, aiming to acquire higher CELL emissions. # Lock
CELL holders have the option to lock their CELL in exchange for veCELL in proportion to their lock-up duration. The minimum lock-up duration is 2 weeks, while the maximum is 2 years. For instance: * Locking 100 CELL for the maximum duration of 2 years will result in receiving 100 veCELL. * Locking 100 CELL for 1 year will receive 50 veCELL. The longer the lock-up duration, the greater the amount of veCELL an user will receive. Consequently, they will have more voting power and thus earn higher rewards. Upon locking their CELL, users will receive veCELL in the form of an NFT. This NFT is transferable and tradable, allowing users the flexibility to extend the lock-up duration at any point. # Vote
After users exchange their CELL for veCELL through the lock function, they gain voting power to participate in LP voting rounds. Each voting round, lasting 7 days (1 epoch), enables veCELL voters to receive a share of trading fees and any additional incentives determined by their weighted voting power across voted LPs. veCELL voters possess the flexibility to employ various strategies and tactics to maximize their returns on investment. The Ve(3,3) model allows projects to offer incentives, encouraging veCELL voters to vote on specific LPs. Consequently, Cellana ensures the alignment of incentives for all involved parties. # Reward
The reward function is dedicated to users benefitting from Cellana’s features. Ve-voters have the opportunity to claim benefits such as trading fees and incentives, while liquidity providers can claim new token emissions. # Incentivize
Projects or users have the freedom to add incentives to selected liquidity pools to incentivize veCELL voters to vote on the selected LPs. These incentives can consist of any tokens supported on the platform. # Voting System # Basics The foundation of CELL Emissions ## Liquidity Acquisition The primary purpose of a protocol's emissions is to attract users & liquidity. As outlined in the introductory remarks, liquidity can be more or less valuable. Cellana solves this problem by incentivizing emissions for pools that generate the highest fees for voters. The DEX self-optimizes week-over-week by constantly having voters go after the best voting APRs. Voters' interests are automatically aligned because they exclusively receive fees and bribes from pools they vote on. ## Voting NFT (veCELL) Inspired by Curve, Cellana deploys the same approach by having users lock CELL into veCELL ("ve" = vote-escrowed), except for the difference that Cellana doesn't bind the ve position to a specific account but makes it transferable by tokenizing the ve position into a NFT (Fungible Asset - New token standard on the Aptos), thereby addressing the general capital inefficiency of ve assets, making them tradable. ## Voting Power The voting power of the entire protocol is defined by the total amount of CELL token locked into all veCELL NFTs, multiplied by the aggregate linear time decay of the vests. For instance, 100 CELL locked for 2 years translates into a voting weight of 100 which will be decreasing linearly. Therefore, 100 CELL locked for 1 year would receive a voting power of 50. If 10,000,000 CELL were locked for 6 months, the total voting power would be: 0.5/2 \* 10,000,000 = Voting power weight of 2,500,000 ## Rewards Distribution Weekly CELL emissions will be allocated proportionally to liquidity pools based on the weighted voting power. For example, if a liquidity pool receives 10,000,000 voting power and the total protocol's voting power is 100,000,000. The amount of weekly CELL emissions redirected to the pool is calculated as following: CELL amount = LP's total voting power/ Total protocol's voting power = 10,000,000/ 100,000,000 = 10% Therefore, 10% of the weekly CELL emission will be allocated to the liquidity pools, and liquidity providers will be eligible to receive the emission by adding liquidity and staking LP token on protocol gauge. # Voting Process ## Process Flow of Voting 1. Lock CELL into a veCELL NFT for 2 weeks - 2 years 2. Vote for specific liquidity pools (e.g. USDC-APT) 3. Collect voter trading fees and additional incentives only from pools you voted on ## Reward Flow of Voting There are 2 types of rewards that voters benefit from: * Voter incentives * Trading fees Voter incentives are always deposited prior to the start of the epoch. Voters who vote for a pair with voter incentives will be able to claim such incentives on a pro-rata basis instantly after the epoch has flipped (always Monday 00:00:00am UTC). The trading fees have yet to be generated, and at that point, they become claimable as they stream in. We recommend claiming trading fees once you've accumulated enough so that the gas cost to claim becomes negligible. # Guidelines In order to vote you first need a veCELL NFT, for which you will need to lock CELL. ## Step 1: Acquire CELL Visit [https://cellana.finance/swap](https://testnet.cellana.finance/swap) to acquire CELL
## Step 2: Lock CELL into veCELL Visit [https://cellana.finance/lock/create](https://testnet.cellana.finance/lock/create) and lock your CELL, locking it for 2 years gives you 100% voting & earning power, that power diminishes linearly over time.
## Step 3: Vote Visit [https://cellana.finance/vote](https://testnet.cellana.finance/vote) then voting on your pair(s) of choice and hit the "Cast Vote" button to confirm the transaction.
## Step 4: Earn Wait for the epoch ends, voter incentives will be claimable immediately after the epoch ends and trading fees can be claimed as they accrue in real-time throughout the week. All rewards can be claimed on [https://cellana.finance/rewards](https://testnet.cellana.finance/rewards)
## Alternative via OTC veCELL can also be acquired by NFT trading. There's less liquidity, but users can find an attractive deal. The Cellana platform does not currently offer an NFT marketplace and existing platforms. veCELL holders can sell their NFTs through the NFT marketplace on Aptos. However, we recommend any transfers only be made through trusted escrows. # Roadmap
# veNFT Marketplace ## **Overview** Cellana veNFT Marketplace provide an interactive interface for users to easily buy, sell, make/accept offers on their veCELLs. The marketplace is a decentralized platform engineered to optimize liquidity for veCELL token holders and simplify the acquisition of voting power. With a focus on flexibility and transparency, the marketplace enables users to unlock the full potential of their locked assets while participating in governance and ecosystem activities frictionlessly. Through dynamic pricing mechanisms, cost-efficient transactions, and an intuitive interface, the platform enhances liquidity management, streamlines voting power coordination, and fosters ecosystem development. This approach ensures that users experience optimal utility and accessibility while contributing to the growth of the Cellana ecosystem. ## Why Cellana veNFT Marketplace? The Cellana veNFT Marketplace is designed to provide users with a simple and efficient way to unlock the liquidity of their veCELL tokens. The main functions of veNFT Marketplace are: * **Buying:** Users can find top deals, discounts, and view details of the NFTs on the [veNFT Marketplace](https://app.cellana.finance/marketplace). The marketplace supports trading veNFTs exclusively in APT. Currently, user can only buy a whole offered deal. In the near future, users will be able to buy a veNFT partially; which allows them to customize their buying options. * **Listing:** Users can list one or multiple veNFTs on [Cellana veNFT Marketplace](https://app.cellana.finance/marketplace). Once an NFT is successfully listed, users can view or update its details through the [veNFT Management](https://app.cellana.finance/veNFT/manage) interface. * **Making Offers:** The marketplace allows users to make offers on NFTs by proposing a price they find reasonable. If the seller accepts the offer, the buyer will receive the NFT at proposed price. # Token Metadata
These token metrics offer key insights for making optimal decisions. Below is a full breakdown of the veNFT's properties: | xx APT | Price of a veNFT in APT | | ------------- | ------------------------------------------------- | | % discount | % discount calculated based on current CELL price | | Unlock in | Remaining time to redeem veCELL to CELL | | CELL Locked | Number of CELL locked in this veNFT | | Voting Power | Accordant voting power of the veNFT | | CELL/APT | Locked CELL price in APT | | USD/CELL | Locked CELL price in USD | | Current Value | Value of CELL locked in APT | # Cellana Marketplace Fee veNFT sellers will pay **1.5% trading fee** per successful payment for their listed NFTs. Beyond the trading fee, no other charges are incurred while using the Cellana NFT Marketplace. Cellana reserves the right to update the fee structure at any given time. # User Guide {% content-ref url="/pages/ysvswmv8WtH6TbDKZJjF" %} [How to Buy veNFT](/venft-marketplace/user-guide/how-to-buy-venft) {% endcontent-ref %} {% content-ref url="/pages/6TKrPypWH95aKd1GF15i" %} [How to List your veNFT](/venft-marketplace/user-guide/how-to-list-your-venft) {% endcontent-ref %} {% content-ref url="/pages/6AkI90zZOZbe3kPfuO7x" %} [How to Make an Offer](/venft-marketplace/user-guide/how-to-make-an-offer) {% endcontent-ref %} # How to Buy veNFT Buying veNFTs allows you to acquire voting power and participate in the Cellana ecosystem. Follow these steps to purchase veNFTs on the marketplace: Step 1: You must have APT in your wallet. [Get your APT](https://app.cellana.finance/swap?inputCurrency=0x357b0b74bc833e95a115ad22604854d6b0fca151cecd94111770e5d6ffc9dc2b\&outputCurrency=0x1%3A%3Aaptos_coin%3A%3AAptosCoin) Step 2: Explore available veNFTs or use the search/filter options to find specific listings.
Step 3: Select an NFT to view its details, including price, voting power, locked CELL amount, and unlock date.
Step 4: Click "Buy Now" to purchase the NFT at the listed price.
Step 5: Approve the transaction in your wallet. Once confirmed, the purchased NFT (or portion) will be transferred to your wallet.
Your purchased veNFTs will be available to vote the epoch after their listing date. # How to List your veNFT Listing your veNFT on the Cellana veNFT Marketplace allows you to unlock liquidity by making your NFT available for sale. Follow these steps to list your veNFT: \ Step 1: Connect the wallet that has your veNFTs. Note that your NFTs must not be voted to be available for listing on the marketplace. Step 2: Navigate to "List your veNFT" from the homepage.
Step 3: Click "List your veNFT" and select one or more NFTs from your wallet.
Step 4: You now set the price you want to list your veNFT. Enter the price per unit.
Step 5: Confirm by choosing “List on Marketplace” and signing the transaction in your wallet. Your listed NFT(s) will now appear on the marketplace, visible to all buyers. Step 6: You can update your veNFT in your Cellana wallet info. Click “veNFT Management” and choose “Listed”. Now you can update your veNFT listing.
# How to Make an Offer Making an offer allows you to propose a custom price for an NFT listed on the marketplace. Follow these steps to make an offer: Step 1: Select an NFT you’re interested in from the marketplace.
Step 2: Click "Make an Offer".
Step 3: Enter your offering price. Your offered amount will be locked in a smart contract until accepted or canceled.
Step 4: Confirm the Offer in your wallet. After the seller accept your Offer, you will receive your veNFT into your wallet. Your purchased veNFTs will be available to vote the epoch next to their listing date. [Vote here.](https://app.cellana.finance/vote) # Guidelines
## CELL holders Users can provide liquidity to Cellana liquidity pools in exchange for LP tokens and stake LP tokens in the gauges that make users eligible for CELL emissions. ### How to add liquidity? **Step 1**: Connect your Aptos wallet to Cellana:
**Step 2**: Choose Add Liquidity on the CELL/APT pair.
**Step 3**: Fill the amount of CELL and APT to add liquidity.
**Step 4**: Click on Approve to complete the transaction.
**Step 5**: Check Your Balance.
**Step 6**: Claim your emissions after the epoch ended.
## veCELL holder * **Voting Power:** Holders have the ability to vote for liquidity pools weekly. The CELL emissions for the following week will be redirected to liquidity pools based on voting results. * **Incentives**: Voters earn 100% incentive rewards for the pools they voted for each epoch. Revenues are determined by your weighted voting power for each liquidity pool. ### How to vote? **Step 1:** Connect your wallet to Cellana: **Step 2:** Voting Visit[ https://cellana.finance/vote](https://testnet.cellana.finance/vote) and then vote on your pair(s) of choice. Hit the "Cast Vote" button and confirm the transaction.
**Step 3:** Claim the rewards Wait for the epoch to end. Voter incentives will be claimable immediately after it ends, and trading fees can be claimed as they accrue in real-time throughout the week. All rewards can be claimed at [https://cellana.finance/rewards](https://testnet.cellana.finance/rewards)
**NOTE: Every epoch will start at 0:00 UTC on Thursday.** ## Alternative via OTC veCELL can also be acquired by NFT trading, and veCELL holders can sell their NFTs through the NFT marketplace on Aptos. However, we recommend any transfers only be made through trusted escrows.
# Airdrop Stay tuned for updates on Cellana's Airdrop # Airdrop Phase 1 # Testnet Campaign Cellana will start the Tesnet campaign for new users to experience our product and understand more about the Ve(3,3) model on our website and Zealy platform. * Start Time: 10 AM - 26th Jan (UTC) * End Time: 10 AM - 21st Feb (UTC) * Prize Pool: 20,000,000 veCELL airdrop tokens * **JOIN NOW:** [**https://testnet.cellana.finance**](https://testnet.cellana.finance) The winner list will be announced after the testnet campaign, users can get a whitelist to claim the Airdrop. ## How to participate? ### Step 1: Setup your Aptos wallet * Get an Aptos-Compatible Web3 Wallet – Create a new Aptos-compatible Web3 wallet and download the provider’s browser extension (we will use Petra Wallet or Pontem Wallet throughout this tutorial). * Connect to the Aptos testnet by clicking on “Settings,” “Network,” and finally selecting “Testnet”
* Get Tokens Using Aptos Testnet Faucet – On your wallet, you can see the “Faucet” button, then click on it to get faucet APT. ### Step 2: Experience the Cellana features 1. Connect your wallet on the Cellana website: 2. Click on the button “Testnet” 3. Do all the tasks in the task list to get points and rank Task list: * Task 1: Swap APT for CELL * Task 2: Provide liquidity for any LP * Task 3: Lock CELL for veCELL * Task 4: Vote for an LP ### Step 3: Get more points with daily tasks Come back everyday to do tasks and get more points Daily Tasks: * Swap APT for CELL +10 points * Provide liquidity for any LP +10 points * Lock CELL for veCELL +10 points * Vote for LP pair +10 points ## Rules * The rules for the Testnet selection are based on activity and engagement. Specifically, we are selecting the top addresses based on their points and ranking on the Testnet for whitelisting. * The Cellana Finance team holds the ultimate and absolute decision-making authority, clearly stating that the final decision rests entirely on our judgment and discretion. * We’ll reward the most active members of our community who have engaged with our Testnet and provided valuable feedback and support. * Please note that the reward-receiving wallet address can be registered only once and cannot be changed for the entire event. # DeFi Aptos Users Interact with other protocols on the Aptos Ecosystem
## Details **Total reward: 50,000,000 veCELL** Surprise giveaways for committed Aptos protocol users on **LiquidSwap, PancakeSwap, Aries Markets, Amnis Finance** Top 30,000 users are eligible to claim the airdrop Reward: 50,000,000 veCELL Snapshot: 25th Feb, 2024 # Bridged Cross-Chain Asset Users Users who have engaged in bridging cross-chain assets, will get the airdrop prizes
## Details Total reward: 50,000,000 veCELL Top 30,000 users who bridged their assets to Aptos ecosystem through cross-chain function that win the airdrop in this pool Snapshot: Jan 1st - Feb 25th, 2024 The data is collected through LayerZero # Airdrop Phase 2
# Partnerships We're welcome other projects to contact us and discuss about the collaboration or partnership! # Become Our Partner Our mission is to build a central liquidity hub in the Aptos Ecosystem. We would thrive to participate in collaboration and partnership opportunities. 1. Please kindly reach out to our email: to discuss possible collaboration opportunities. 2. Please visit our Discord and open a “collaboration” ticket to connect with us. 3. Please connect with our marketing department: to explore opportunities for marketing collaboration, ensuring a seamless integration process. We kindly invite ambitious protocols to join our thriving ecosystem and collaborate with us in shaping the future of decentralized finance. Please do not hesitate to reach out on our [official channels](/contact-us). # Brand Assets **Logo:** {% file src="/files/RtacvKeaGiJYTPyIMH0Z" %} {% file src="/files/cYirVrRyC4oKL0nTK2xx" %} {% file src="/files/rlwft1xvQys4ljOYSh7Z" %} {% file src="/files/enRCwO0Eng7HIR7gLDz5" %} **Token:** {% file src="/files/BSXXgXLeCKtPI9hBOvXF" %} {% file src="/files/Le8jy3FullfdFeGLElMJ" %} {% file src="/files/KbRvYslfBMYD2ZcpeAFN" %} {% file src="/files/vScbjD3hDU1xMnPofyVL" %} # Contact Us For any inquiry, please reach out to us: Twitter: Discord: Telegram: Telegram Channel: Cellana Finance is going to list on CoinMarketCap. Ticket number: 915146 # FAQ Frequently Asked Questions 1. **Why is Cellana a truly decentralized exchange?** Unlike other DEXes where the protocols have total control over token emission, Cellana Finance allows veCELL voters to influence token emission through a voting process. 2. **What is CELL?** CELL is a utility token distributed weekly through token emissions to incentivize users to add liquidity and stake their LP tokens in protocol gauges. Cellana will release CELL token emission at the end of every epoch (7 days). The initial emission will be 1,500,000 CELL at the first epoch and then diminish by 1% each week. 3. **What is VeCELL?** veCELL serves as Cellana's governance token, provided to users as an NFT. Users can lock their CELL tokens in exchange for veNFT, which grants them veCELL voting power through the "Lock" function. Once users acquire veNFT with veCELL voting power, they can vote on liquidity pools. Through this action, veCELL holders not only earn trading fees but also any additional incentives associated with the pools they voted on. 4. **Can we trade veNFT?** Once users own a veNFT, they can split it to trade on NFT marketplace at a pre-determined price. 5. **How to merge/split veNFT?** User can manage their veNFTs to merge or split. **Note:** When veNFTs are merged, the lock duration of the resulting veNFT will be determined by the pre-merged veNFT with the longest lock-up duration. 6. **When do I receive benefits after voting on liquidity pools?** veCELL voters can claim rewards at the beginning of the following epoch. 7. **Can I reset my voting allocation?** Unfortunately, veCELL voters cannot reset the voting allocation. 8. **What is the reason behind the variation in APR between the liquidity and voting tabs?** There are indeed various APRs. The APRs on the liquidity tab are calculated based on the amount of CELL emission that will be assigned to a particular liquidity pool in the current epoch. On the other hand, the APRs on the voting tabs are determined by the trading fees and additional incentives provided. 9. **How to calculate APR on Liquidity tab?** APR for a particular liquidity pool is calculated as following formula: APR = \[(Cell emission amount \* CELL price) \* 52 weeks / Pool TVL] \* 100% 10. **How to calculate APR on Voting tab?** APR for a particular liquidity pool is calculated as following formula: APR = (Total rewards \* 52 weeks) / (Total votes \* CELL price) \* 100% 11. **When does the next epoch start?** The upcoming epoch is set to commence at 0:00 UTC on Thursday. 12. **What are voting rewards?** The voting reward for a pool is determined by taking into account the trading fees collected and any extra incentives that have been assigned to the pool. # Security Audit Cellana Finance has been audited by the trustworthy entities in blockchain security. # Ottersec Audited by the trustworthy entities in blockchain security Ottersec
Link: {% file src="/files/vqBi9GyinwyF6UQAuO3C" %} # Movebit Audited by the trustworthy entities in blockchain security Movebit
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To access the Website or some of the resources it offers, you may be asked to provide an Ethereum wallet address "Wallet". Our Website does not collect, nor store this information. ## Investment risks The investment in cryptocurrencies involves a high degree of risk and can lead to loss of money and prices having large range fluctuations. The information published on the Website cannot and does not guarantee that amounts invested will not be lost. You are responsible for understanding all risks, doing Your own due diligence, and making Your own decision on how to interface with the Website. ## Compliance with tax obligations The users of the Website are solely responsible to determinate what, if any, taxes apply to their cryptocurrency holdings. The owners of, or contributors to, the Website are NOT responsible for determining the taxes that apply to user transactions. ## No warranties The Website is provided on an "as is" basis without any warranties of any kind, either express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, non-infringement, or that availability, accessibility, or use of the Website and/or any content, data, materials or services provided hereon will be uninterrupted or error-free. Website functionality is not guaranteed and could be disabled fully or in part without prior notice. * **Disclaimer of Responsibility**. We and our indemnified parties are not responsible for any injury, damage, loss, or unauthorized access or use of the Services. The Services may contain audio-visual effects, strobe lights, or other materials that may affect your physical senses and/or condition. We and our indemnified parties are not liable for any loss or damage caused by another user's conduct, unauthorized actors, or any unauthorized access or use of the Services. We also disclaim any representation, warranty, or undertaking regarding the truth, accuracy, and completeness of the information in this Agreement and the project documentation. We are not responsible for the cryptocurrency market or the value of cryptographic tokens. The value of cryptographic tokens can be volatile, and we are not liable for any losses incurred by holding or trading cryptographic tokens. We make no representations or warranties concerning the quality, suitability, usefulness, accuracy, or completeness of the Services or any materials therein. * **No Financial Advice**. We do not provide investment advice in any manner. Any information available on the Website and the Platform should not be construed as providing investment or financial advice. It is recommended that you seek independent financial and/or investment advice and conduct your own research before using our Website, Platform, or Services. Any decisions or investments based on the content of the Website are your sole responsibility. ## Security Security audits don't eliminate risks completely. The Website is not guaranteed to be secure or free from bugs or viruses. ## Reliance of User on Information Posted 1. **Information Accuracy**. The information presented on the Website, the Platform, or the Services is provided for general informational purposes only. We do not warrant the accuracy, completeness, or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility for any reliance placed on such materials by you, other visitors to the Website, or anyone informed of its contents. 2. **Corrections**. There may be instances where the Website or the Platform contains typographical errors, inaccuracies, or omissions, including in descriptions, pricing, availability, and other information. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Website or the Platform at any time, without prior notice. 3. **Third-Party Content**. The Website, the Platform, or the Services may include content provided by third parties, such as materials from other users, bloggers, third-party licensors, syndicators, aggregators, or reporting services. Any opinions or statements expressed in these materials, including articles, responses to questions, and other content, are solely the opinions and responsibility of the person or entity providing them. They do not necessarily reflect the opinion of the Company. We are not responsible or liable for the content or accuracy of any materials provided by third parties. 4. **Advertisers**. Certain areas of the Website or the Platform may display advertisements and other information from advertisers, such as sidebar advertisements or banner advertisements. If you are an advertiser, you are fully responsible for the advertisements you place on the Website or the Platform, as well as any services or products sold through those advertisements. As an advertiser, you warrant and represent that you have the necessary rights and authority to place advertisements, including intellectual property rights, publicity rights, and contractual rights. We only provide the space to display such advertisements and have no other relationship with advertisers. 5. **Links to Third-Party Websites**. The Website or the Platform may contain links to other websites and resources provided by third parties. These links are provided for your convenience only, including links within advertisements such as banner advertisements and sponsored links. We have no control over the content of those sites or resources and accept no responsibility for them or for any loss or damage that may arise from your use of them. If you choose to access any third-party websites linked to the Website or the Platform, you do so at your own risk and subject to the terms and conditions of those websites. ## Limitation of liability To the fullest extent allowed by applicable law, in no event shall the owners of, or contributors to, the Website be liable for any damages of any kind, including, but not limited to, indirect, special, incidental, punitive, or consequential damages of any kind, including damages for loss of use, loss of profits, business interruption, loss of goodwill, or loss of data arising out of or in any way connected with the use of the Website. * **Disclaimer of Damages**. To the fullest extent permitted by applicable law, neither the Company nor any associated parties shall be liable for any indirect, special, incidental, consequential, punitive, or exemplary losses or damages of any kind arising out of or in connection with this Agreement, the use of the Website, the Platform, and/or the Services, or otherwise related to these Terms. This includes, but is not limited to, loss of revenue, income, profits, diminution of value, loss of use or data, loss or depletion of goodwill, loss of business opportunity, loss of contract, damages for business interruption, loss of anticipated savings, or similar damages. This limitation applies regardless of the form of action, whether based in contract, tort (including negligence), or any other legal or equitable theory, even if the party has been advised of the possibility of such damages and regardless of whether such damages were foreseeable. * **No Liability for Certain Events**. Additionally, no party shall be liable for any damages caused in whole or in part by user error, server failure or data loss, blockchain or crypto asset network malfunctions, changes in value of any crypto asset, changes in law or regulation, events of force majeure, or any actions of third parties. * **Liability for Misuse of Tokens**. To the fullest extent permitted by applicable law, neither the Company nor any associated parties shall be liable for the use of cryptographic tokens, tokenized assets, or traditional assets (such as stocks or commodities) on the Website, the Platform, or the Services in a manner that violates legal rights, promotes illegal activity, causes harm or harassment, infringes on privacy rights, or engages in any unauthorized or improper activities. * **Use of Services at Your Own Risk**. Access to and use of the Services, products, and third-party sites and products are at your own discretion and risk. You will be solely responsible for any damage or loss of data resulting from such use. In no event will the cumulative liability of the Cellana.Finance indemnified parties to you or any other user exceed a certain amount. * **No Virtual Currency as Damages**. Under no circumstances shall any Cellana.Finance indemnified party be required to deliver virtual currency as damages or provide specific performance. If damages are calculated based on the value of virtual currency, both parties agree that the calculation shall be based on the lowest value of the virtual currency during the relevant period. * **Exceptions to Limitations**. The limitations set forth in this clause shall not limit or exclude liability for gross negligence, fraud, or intentional, willful, or reckless misconduct of the Company. * **Jurisdictional Variations**. Some jurisdictions may not allow the limitation or exclusion of liability for incidental or consequential damages. Therefore, some of the limitations in this clause may not apply to you. ## Indemnification You agree to indemnify, defend, and hold harmless the Company, its affiliates, service providers, officers, directors, agents, employees, representatives, partners, and licensors (collectively referred to as "Indemnified Parties") from any claim or demand, including reasonable attorneys' fees, made by any third party arising out of or related to: (a) your breach or alleged breach of the Agreement, including these Terms; (b) any content or contribution you provide to the Services; (c) your misuse of the Website, the Platform, the Services, or any associated smart contracts or scripts; (d) your violation of any laws, rules, regulations, codes, statutes, ordinances, or orders of any governmental or quasi-governmental authorities; (e) your infringement upon the rights of any third party, including intellectual property rights, publicity rights, confidentiality rights, property rights, or privacy rights; (f) your use of a third-party product, service, or website; or (g) any misrepresentation made by you. We reserve the right, at your expense, to assume the exclusive defense and control of any matter subject to indemnification by you. You agree to cooperate with our defense of any such claim. You shall not settle any claim without our prior written consent. ## Arbitration Except for disputes related to copyrights, logos, trademarks, trade names, trade secrets or patents, any dispute, controversy or claim arising out of, relating to, or in connection with Your use of the Website or Our Services, or in connection with these Terms of Use, including disputes arising from or concerning their interpretation, violation, invalidity, non-performance, or termination, shall be finally resolved by binding arbitration by the Judicial Arbitration and Mediation Services (JAMS) pursuant to its Comprehensive Arbitration Rules and Procedures. The tribunal shall have the power to rule on any challenge to its own jurisdiction or to the validity or enforceability of any portion of the agreement to arbitrate. The parties agree to arbitrate solely on an individual basis, and that these Terms of Use do not permit class arbitration or any claims brought as a plaintiff or class member in any class or representative arbitration proceeding. The arbitral tribunal may not consolidate more than one person’s claims and may not otherwise preside over any form of a representative or class proceeding. In the event the prohibition on class arbitration is deemed invalid or unenforceable, then the remaining portions of this agreement to arbitrate will remain in force. ## Changes We may revise and update the Terms of Use in this Legal Disclaimer from time to time in Our sole discretion and without notice. All changes are effective immediately when We post them and apply to all access to and use of the Website thereafter. Your continued use of the Website following the posting of revised Terms of Use means that You accept and agree to the changes. You are expected to check this page from time to time so You are aware of any changes, as they are binding on You. ## Third-Party Services and Content In using this Website, You may view content or utilize services provided by third parties ("Third Parties"), including links to Web pages and services of such parties ("Third-Party Content"). We do not control, endorse, or adopt any Third-Party Content and will have no responsibility for Third-Party Content, including, without limitation, material that may be misleading, incomplete, erroneous, offensive, indecent, or otherwise objectionable in Your jurisdiction. Your business dealings and/or correspondence with such Third Parties is a matter solely between You and the Third Parties. We are not liable or responsible for any loss or damage of any sort incurred as a result of such dealings and You understand that Your use of Third-Party Content, and Your interactions with Third Parties, is at your own risk. ## **Retention of Intellectual Property Rights** Assignment of Intellectual Property. These Terms do not imply the assignment of any Intellectual Property rights unless explicitly defined as such within these Terms. You are not authorized to use any Intellectual Property unless you have obtained our express, prior written consent. Ownership and Protection of Intellectual Property. The Website, the Platform, and the Services, including their design elements, concepts, and underlying Intellectual Property, such as copyrights, patents, service marks, registered trademarks, domain names, and other proprietary rights, are the property of the Company. They are protected by copyright, patent, trade secret, and other intellectual property laws. Unless expressly stated otherwise, the Company retains all rights, title, and interest in the Website, the Platform, and the Services, including all Intellectual Property rights, including copies, modifications, extensions, and derivative works. Your right to use the Website, the Platform, and the Services is limited to the rights explicitly granted in these Terms. The use of any trademarks or Company brands does not imply or grant any licenses unless expressly stated. All rights not expressly granted to you are reserved and retained by the Company. # Brand assets PNG File
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