Community-Led DeFi Powerhouse Cedar Launches on Solana on May 6th 2025 at 12 EST with Real Rewards

A community-led DeFi powerhouse is set to launch on Solana at 12 EST on May 6th, 2025, bringing real rewards, real products, and a bold new decentralized vision.

[NYC, May 5th, 2025] – One of crypto’s most trusted and community-led projects is beginning a powerful new chapter today. Known for distributing nearly $40 million in BUSD stablecoin rewards directly to its holders — with no staking, lockups, or gamified gimmicks — Cedar is launching on Solana with a new vision: to bring real revenue sharing, long-term decentralization, and product-first tokenomics to the fastest-growing layer-1 blockchain.

Before the community voted to rebrand and launch on Solana, the project distributed those funds in stablecoin, liquid, and in the wallets of everyday users. Now, with its Solana debut, Cedar is building something even more ambitious.

A Revival Built for the Next Era of Crypto

Cedar’s migration to Solana isn’t a mere chain switch — it’s a new token built from the ground up with sustainability, transparency, and decentralization at its core. The project introduces a three-pronged rewards system that aims to flip conventional tokenomics on their head:

Governance by the People Who Built It

Cedar’s leadership model is one of the most unique in the current crypto landscape. An 11-person DAO committee, composed of early contributors and long-time community members, oversees strategic decisions and treasury management. There are no serial rug pullers or anonymous founders here — just a trusted group that has stood by the project since 2021.

As crypto projects increasingly look to mimic traditional finance or hide behind layers of opacity, Cedar represents something refreshingly different: authenticity, transparency, and shared success.

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About Cedar DAO

Cedar DAO is a community-governed DeFi protocol focused on delivering real rewards, decentralized governance, and lasting utility. With it’s origins dating back to 2021 as the largest rewards token on Binance Smart Chain, Cedar is now relaunching on Solana with $3.7M in liquidity, almost $1M in pre-funded rewards, and revenue-generating products like Atlas Wallet. Governed by an 11-member DAO committee, Cedar is committed to transparency, long-term sustainability, and putting power back into the hands of the community.

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About Atlas Wallet

Atlas Wallet is a next-generation, multi-chain crypto wallet designed to be both user-friendly and ultra-secure. Built for everyone from beginners to seasoned investors, Atlas supports major blockchains including Ethereum, Binance Smart Chain, Solana, PulseChain, Bitcoin, Cardano, Polygon, Cronos, and Avalanche. More than just a wallet, Atlas is a powerful hub for managing your entire crypto portfolio — packed with essential features and advanced tools, all inside a sleek, intuitive interface. For anyone looking for a reliable, all-in-one solution, Atlas is the only wallet you’ll ever need.

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The post Community-Led DeFi Powerhouse Launches on Solana with Real Rewards and a Decentralized Vision appeared first on Benzinga.

The post Cedar: Community-Led DeFi Powerhouse Launches on Solana with Real Rewards and a Decentralized Vision appeared first on Benzinga.