"C token" can refer to a few different concepts in the crypto world. Most commonly, it refers to $C Chainbase (C), which is the native token of the Chainbase network. This platform aims to provide a decentralized infrastructure for accessing and processing Web3 data, particularly for AI applications. The C token is used for governance, staking to secure the network, and as a medium of exchange within the ecosystem.
Another prominent use of the term is in the context of decentralized finance (DeFi), where cTokens are a type of value-accruing token used by lending protocols like Compound. When a user deposits a crypto asset (e.g., Ether or DAI) into the Compound protocol, they receive a cToken (e.g., cETH or cDAI) in return. The value of the cToken increases as the deposited asset earns interest, representing the user's growing share of the pooled funds.
