Protocol Layer

The protocol layer is where Cicada’s core innovations lie, carrying the platform’s main logic and mechanism designs, including LT–RT Rebalance mechanism, Rebase dividend protocol, cross-chain protocol, and liquidity aggregation protocol. This layer is responsible for managing different types of asset returns in a standardized layered manner, achieving composability of liquidity and returns. Through interoperability design with mainstream DeFi protocols, Cicada’s return vouchers can be directly reused in lending, liquidity pools, options, and structured products, forming a self-circulating return ecosystem.