About CLO
CLO is the native utility and governance token for Yei Finance, a decentralized money market built on the Sei Network. It powers the Clovis liquidity protocol, a global clearing layer designed to unify cross-chain liquidity. This system enables assets to be utilized for lending, swapping, and bridging simultaneously while generating stacked yields for depositors. CLO is used for protocol governance and ecosystem utility. Note: This asset is distinct from the legacy Layer 1 blockchain Callisto Network, which also uses the ticker CLO.
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