Bonding + Liquidity Booster

COFFIN V2 beta ( to be updated; not official yet )

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We highly recommend you to Do Your Own Research and never use funds within the Coffin Finance that you cannot afford to lose. You won’t be compensated for any losses. All interactions with the associated smart contracts on Fantom Opera Network and software on Coffin Finance are at your own risk. 
This Bonding + Liquidity Booster is a fork from OlympusDAO. However, it's customized and unaudited. 
What is bonding?
Bonding is one of the ways to get COFFIN at discount price. It allows COFFIN Finance to acquire its own liquidity ( e.g. COFFIN-FTM, CoUSD-USDC, CoUSD-DAI, COFFIN-DAI, etc., ) and other reserve assets (e.g. DAI, yvDAI, FTM, MEMO, SPELL, WETH, WBTC, xBOO, etc., ) by selling COFFIN at a discount in exchange for these assets.
The protocol quotes the bonder with terms such as the bond price, the amount of COFFIN tokens entitled to the bonder, and the vesting term. The bonder can claim some of the rewards (COFFIN tokens) as they vest, and at the end of the vesting term, the full amount will be claimable.
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Liquidity Booster
For users, creating LP pairs can be an obstacle. Therefore, COFFIN Finance may automatically create LPs based on the assets deposited by the user. 
Thus, the bonding may make buying pressure in short term, and it may make selling pressure for long term.
Protocol Owned Liquidity 
Bonding allows COFFIN Finance to accumulate its own liquidity. Protocol-Owned-Liquidity ensures there is always locked exit liquidity in our trading pools to facilitate market operations and protect token holders. Since Coffin Finance becomes its own market, on top of additional certainty for COFFIN investors, the protocol accrues more and more revenue from LP rewards bolstering our treasury.
No Transfer Tax for Bonding
There will be no COFFIN transfer tax for bonding. 
Why Bonding for COFFIN? 
Now CoUSD has collateral back partially but COFFIN doesn't. 
It's a way for COFFIN to make an algorithmic reserve currency backed by other decentralized assets. We believe it’s a way to reduce selling pressure and increase confidence to buy.
Fee for bonding 
On the beginning, it is zero as test. However, few percent of bonding amount may be used for buyback COFFIN in near future.
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3 Coffin Tokens

V2 Redeem / Inflation Protection

Last modified 5mo ago

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Outline

What is bonding?

Liquidity Booster

Protocol Owned Liquidity

No Transfer Tax for Bonding

Why Bonding for COFFIN?

Fee for bonding

What is bonding?

Liquidity Booster

Protocol Owned Liquidity

No Transfer Tax for Bonding

Why Bonding for COFFIN?

Fee for bonding

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