Cedar DAO Launches on Solana, Introducing Revenue Sharing and Atlas Wallet

Published: 2025-05-05 16:41:33 |

Cedar DAO, previously the largest rewards token on Binance Smart Chain, is launching a new DeFi protocol on Solana on May 6, 2025. This move introduces a revamped, community-led project with real revenue sharing, transparency, and a product-first approach. Cedar’s migration features a $3.7 million SOL-seeded liquidity pool—among the largest on Solana—and a $1 million pre-funded treasury managed by an 11-person DAO committee of early supporters. Its multi-pronged rewards system directly distributes trading fees and treasury rewards to token holders. Cedar’s ecosystem centers on Atlas Wallet, a multi-chain crypto wallet audited by Kudelski Security and Certik, and operational across major blockchains like Ethereum, BSC, and Solana. Profits from Atlas Wallet will be shared with Cedar holders, emphasizing real utility over speculative value. The DAO structure and transparent governance further differentiate Cedar from opaque or founder-led projects. For crypto traders, Cedar’s Solana launch marks a significant move for DeFi on the network, increasing competition and opportunities for yield generation. Cedar aims to attract liquidity and users seeking sustainable, utility-driven rewards in the decentralized finance space.

Bullish

The launch of Cedar DAO on Solana introduces a large liquidity pool, robust governance, and a real revenue-sharing model, which are positive signals for the Solana DeFi ecosystem. Cedar’s approach of launching with substantial liquidity and focusing on a real, audited product like Atlas Wallet sets it apart from many speculative projects. Historical precedent shows that major DeFi launches with innovative mechanics and community-driven governance often spur increased trading activity, on-chain liquidity, and token demand. In the short term, this event is likely to attract attention, capital inflows, and new users to Solana. Long term, if Cedar delivers on its promises, it could improve Solana’s competitive standing in DeFi and lead to further ecosystem growth.