Citrea, a Bitcoin Layer 2 protocol, has launched its governance token, CTR, following its mainnet debut in January. The CTR token serves as a coordinating asset, enabling users to manage capital and incentives within the ecosystem through a governance treasury and vote-locked staking model. Stakers receive xCTR tokens, granting them voting rights over the treasury and network decisions. The total CTR supply is capped at 10 billion, with 60% allocated to the community and 40% to investors and early contributors, subject to vesting. Citrea introduces a dual treasury system, with the Citrea Governance Treasury controlled by xCTR holders, who vote on liquidity incentives and other matters. An independent Citrea Foundation Treasury will focus on research, development, and strategic initiatives. The protocol employs zero-knowledge proofs for smart contracts and EVM-compatible applications, anchored to Bitcoin for security. Chainway Labs, Citrea's core developer, has also launched Clementine, a Bitcoin bridge, and ctUSD, a stablecoin. Chainway raised $14 million in a Series A round led by Founders Fund.