Project Overview
What is Caldera?
Caldera is a Rollup-as-a-Service (RaaS) platform designed to simplify the process of deploying custom Ethereum Layer‑2 rollup chains for teams. It supports multiple execution environments (EVM, SolanaVM, etc.) and diverse data availability options through a modular architecture, and it uses customizable ERC‑20 tokens (such as ERA) as
gas fees, helping projects optimize performance, security, and costs.
Core features include:
Metalayer: Connects multiple rollup chains into an interoperable network, enabling cross-chain messaging and fund transfers.
Customizability: Each application can choose the environment, data layer, and fee model.
Multi-VM Support: Supports EVM and Solana VM to adapt to different ecosystem applications.
Team and Investment Institutions
Leading Team: Developed by Constellation Labs, the team has experience in Ethereum scalability and protocol design.
Co-founders: Information shows that the CEO is Matthew Katz and the CTO is Parker Jou.
Notable Investment Institutions: Includes Founders Fund (Peter Thiel), Sequoia, Dragonfly Capital, 1kx, Alliance, etc., which participated in early financing.
Funding Situation: Cumulative fundraising of approximately $24 million (including $15 million in Series A in 2024 and about $9 million previously).
Token ERA: Usage and Tokenomics
Total Supply: 1,000,000,000 ERA, fixed and non-inflatable.
Allocation Structure:
Investors and Team: 1-year lock-up period, after which 15% will be unlocked, with the remaining released linearly over two years.
Most of the community and development treasury are locked up, with a long unlock period (approximately 4 years).
Token Functions:
Omnichain Gas: Used for fee payments across the various rollup chains in Metalayer.
Staking and Network Security: Nodes need to stake ERA to validate cross-chain messages.
Governance: Token holders can participate in governance voting for Metalayer protocol upgrades, budget allocation, and more.
No coin burning mechanism currently, but a burning arrangement may be introduced through governance in the future.
Community and Airdrop Mechanism
Binance HODLer Airdrop: Binance airdrops 20 million ERA (accounting for 2% of the total supply) to BNB Earn users, scheduled for
July 17, 2025, at 15:30 UTC, along with multiple trading pairs.
Community Airdrop: Caldera's official airdrop of 70 million ERA (accounting for 7% of the total token supply) supports early testnet participants and others to pre-claim on the official Claim page, which will close on July 17, 2025, at 12:00 UTC.
Network Metrics
Since its launch in 2023, the platform has launched over 60 rollups, processed more than 400-850 million transactions, and reached a cumulative TVL of $400-500 million.
Supported projects include: Manta Pacific, inEVM (Injective), ApeChain, Treasure, Plume, Kinto, RARI Chain, Zero Network, etc.