#Caldera A caldera is a large, basin-shaped volcanic depression formed when the roof of a magma chamber collapses after a massive eruption. Unlike a typical crater formed by an outward explosion, calderas result from the inward subsidence of land due to the emptying of underlying magma. They can be many kilometers across, with famous examples including Yellowstone and Crater Lake.
The ERA token is the native utility and governance token of the Caldera blockchain platform. This platform focuses on creating customizable, high-performance Layer 2 blockchains (rollups) on Ethereum. ERA powers transactions, enables staking for network security, and grants holders the ability to participate in the decentralized governance of the Caldera ecosystem, influencing its development and future.
