Cheddar is a Loyalty Token that powers the Loyalty Network and Yield Farm (Cheddar Farm) on NEAR Protocol. @Chedderfi will help develop and foster dApps on NEAR while rewarding users for their use and loyalty to the NEAR ecosystem.

Loyalty networks are designed to reward users and partners by providing value through incentives and discounts. The Cheddar Farm is the first protocol that bootstraps a NEAR token ecosystem. Cheddar token rewards loyal users by providing discounts, power-ups, and exclusive access through Cheddar partners.