Caldera

The ERA token is the native utility and governance token of the Caldera ecosystem and powers the Metalayer.

Primary uses include:

• Omnichain Gas Token: ERA is used to pay gas fees for cross-rollup transactions and data propagation across the Metalayer.

• Staking & Node Participation: Nodes participating in the Metalayer are required to stake ERA, which determines their level of participation in consensus and infrastructure services.

• Subnet Operations: Utility-specific subnetworks built atop the Metalayer (e.g., for zero-knowledge proof generation) also use ERA for operations and consensus.

• Governance: ERA holders can propose and vote on Caldera Improvement Proposals (CIPs), protocol upgrades, and DAO-related matters. This includes electing members to governance and security councils.