What is Caldera?

Caldera is an infrastructure platform that enables developers to deploy customizable Layer-2 and Layer-3 blockchains using rollup frameworks such as optimistic and zero-knowledge rollups. It provides modular components, including data availability, sequencing, and execution environments, so teams can tailor performance and cost characteristics to their specific applications. Caldera-based chains are typically EVM-compatible, allowing developers to use existing Ethereum tooling while adjusting parameters such as throughput, gas limits, and settlement layers. The platform is intended to reduce operational complexity for projects that require dedicated blockspace rather than relying on shared Layer-2 networks.

What is ERA?

The native token of the protocol is ERA, which operates on the Ethereum network and serves as the utility and governance token of the Caldera ecosystem. ERA is used to pay gas fees on Caldera-deployed rollups and may also be used in staking or validator-incentive mechanisms that support network operations. It also provides governance rights, allowing holders to participate in decisions related to protocol upgrades, fee structures, and the allocation of ecosystem resources. The token has a total supply of 1 billion units, with approximately 148.5 million ERA currently in circulation at the time of this publication.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform.

Wealthsimple has performed an assessment of whether ERA can be supported by Wealthsimple's platform, including whether ERA is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated ERA based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of ERA, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created ERA;
• The supply, demand, maturity, utility and liquidity of ERA;
• Material technical risks associated with ERA, including any code defects, security breaches and other threats concerning ERA and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with ERA, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of ERA; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdictions regarding whether ERA, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple's original assessment of those assets, including Wealthsimple's assessment of the application of securities and derivatives laws. Any significant changes relating to ERA may result in changes to this Crypto Asset Statement and/or Wealthsimple's ability to support ERA.

Like all other crypto assets, there are some general risks to investing in ERA. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading ERA. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision).

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last Updated: December 10, 2025