Select Your Collateral
Wrapped stETH
Lido wrapped staked ETH. The most liquid staking derivative.
Open vault →
Rocket Pool ETH
Rocket Pool liquid staking. Earn staking yield while borrowing.
Open vault →
wstETH / rETH LP
Tortino stable pool tokens. Use your liquidity position as collateral.
Open vault → Protocol Parameters
Fully immutable lending with autonomous monetary policy.
CHERRY is not pegged to any currency. Its target price is a floating reference that starts at the basket value (70% USD + 30% CHF) and moves autonomously based on market conditions.
An on-chain PI controller evaluates the deviation between the market price
(TWAP from the WETH/CHERRY pool) and the current target on an hourly basis.
When the market trades above target, the controller lowers the target to make borrowing
more attractive and expand supply.
When below, it raises the target to incentivize repayment and contract supply.
A basket anchor prevents unbounded drift. If the target diverges more than 10%
from the 70/30 USD/CHF basket, a weekly correction
pulls it back at most 1% per cycle.
This preserves long-term coherence without overriding short-term monetary policy.
Fully Immutable
No admin keys, no pause functions, no upgradability.
Rules enforced entirely by code.
Autonomous Monetary Policy
PI controller adjusts the target price hourly.
70/30 USD/CHF basket anchor with weekly drift correction.
Triple-Redundant Oracles
Chainlink, Pyth, and Redstone with automatic failover.
LST rates capped daily.
How Borrowing Works
Deposit Collateral
Open a Safe by depositing wstETH, rETH, or wstETH/rETH LP tokens as collateral.
Borrow CHERRY
Mint CHERRY against your collateral. Maintain at least 125% collateral ratio to stay safe from liquidation.
Manage or Close
Add or withdraw collateral, borrow more or repay anytime. Close your Safe to get all collateral back.