# Caldera (ERA) — machine-readable summary

> FORTUNA SIGNAL · FORA-01 evidence dossier · Researched 2026-09-15 · https://ron-delhaye-studios.github.io/fortuna-signal-live/tokens/era.html

## Definition
ERA is the utility and governance token of Caldera, a rollup-as-a-service platform that has helped launch 100+ rollups since 2023, connected by the Metalayer interoperability protocol for shared liquidity and intent-based bridging.

## What the holder owns (FORA-01 Q1)
ERA is the utility and governance token of Caldera (rollup platform and Metalayer interoperability layer). Its three core utilities: omnichain gas for Metalayer cross-chain interactions, staking by validators to secure cross-chain message verification, and governance via Caldera Improvement Proposals (protocol upgrades, grants, council elections). Fixed supply of 1 billion; launched July 17, 2025 with a 7% retroactive airdrop.

## Verification verdict
Class A (Class A) — FORA-01 scale: verification, not a quality ranking.
q1 VERIFIED · q2 VERIFIED · q3 VERIFIED · q4 VERIFIED · q5 VERIFIED

## Plain-language utility
Governance token for Caldera — holders vote on protocol decisions.

## Key risks & notes
No canonical project whitepaper exists; this summary is drawn from the official docs (docs.caldera.foundation) and Foundation tokenomics as reported by Messari and The Block. Risks: over 60% of supply allocated to insiders/treasury/foundation/R&D creates vesting overhang, and interoperability faces strong competition from LayerZero, Axelar, and Chainlink CCIP.

## Primary source
- (no whitepaper found — drawn from official project documentation)

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Machine summary generated at build time from the same fields as the human page. Free educational content — not investment advice.