Coffin Finance - Stable Token on Fantom
@CoffinFinance
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Welcome to Partial Collateralized Algorithmic Stable Token Project on #Fantom #defi 👉 Discord: https://t.co/Uiamda1azp 👉 TG: https://t.co/X1amuprWSg
Fantom Opera
Joined March 2014
Regarding the addition of COFFIN to XCOFFIN pool.
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Regarding the Usage of COFFIN in CoUSD Collateral https://t.co/bYRAHIkVij
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Update on CoUSD Redemption Process https://t.co/Zzb36tGitM
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CoUSD Redemption and Future Announcements https://t.co/FTLC0lL955
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We regret to inform you that on or around blocktime 59436935, there were incidents happened. We prepared proposals. https://t.co/AepJ1MJjvF
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GM💀 As of the previous snapshot voting result, we are going to re-enable CoUSD redeem. https://t.co/d3HCEZgWIK Instructions can be found in our Medium article 👉 https://t.co/GoDVzVDnxz From the ⚰️ to the 🌙 #COFFIN #DeFi #Fantom $FTM #Crypto #WAGMI
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A slight correction on the previous tweet. "The mechanism is only effective when our USDC collateral + DAI collateral exceeds the supply of CoUSD." The snapshot proposal is now posted! 👉 https://t.co/d3HCEYZlka
4/4 The mechanism is only effective when the supply of CoUSD exceeds the supply of USDC collateral + DAI collateral What are your thoughts? Please share them with us on our discord server so that we can work together to create good solutions.
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4/4 The mechanism is only effective when the supply of CoUSD exceeds the supply of USDC collateral + DAI collateral What are your thoughts? Please share them with us on our discord server so that we can work together to create good solutions.
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3/4 We will provide instructions on the medium article. There are no plans to audit. If you have any concerns, please express them. Objections are welcome. If the developers have any issues, they will suspend immediately without warning.
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2/4 A 5% fee is applied. 1 CoUSD equals 0.95 USDC or 0.95 DAI The fee might possibly be utilized to create liquidity or buyback COFFIN or additional collateral for CoUSD. It’s an experiment. We do not plan to prepare a frontend UI.
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1/4 GM💀 👉 https://t.co/J2vcxISqQO The collateral ratio backed by USDC and DAI is now greater than 100% for the time being. We would like to prepare to re-enable redemption COUSD for USDC or DAI due to several requests. From the ⚰️ to the 🌙 #COFFIN #DeFi #Fantom $FTM #Crypto
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GM💀 💡IDEA: Coffin NFT that are fully backed by collateral (liquidity tokens). Sales from the NFT mint will be used to create Coffin/CoUSD/USDC LP and stored in the NFT 🔥QUESTION: Which chain is good for NFT? 👇 From the ⚰️ to the 🌙 #COFFIN #NFT #nftart #NFTCollection #NFTfi
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GM💀 Please vote on the new proposals 👉 https://t.co/bu9g3gANDw 📢 https://t.co/CCELvpGBmr ❤️Thank you for your patience and continuing support. From the ⚰️ to the 🌙 #COFFIN #DeFi #Fantom $FTM #Crypto #WAGMI
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GM💀 📢A proposal about @GraveyardFi We believe we can seek more ways to revive COFFIN. This new protocol which is related to COFFIN is one of the ideas. Read👉 https://t.co/CCELvpGBmr What are your thoughts?💀 From the ⚰️ to the 🌙 #COFFIN #DeFi #Fantom $FTM #Crypto #WAGMI
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3/3 🔥Coffin is welcome to your suggestions, ideas and proposals 🚀Please share them with us on our discord server so that we can work together to create good solutions 🏆The best we can do is keep having discussions on discord in order to reach a mutually beneficial arrangement
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2/3 ✅Burned XCOFFIN in treasury https://t.co/DK8mV2FCzB ✅Additional buyback & burn ✅We reduced emissions and expect to gradually reduce emissions over the next two weeks ✅Another proposal is being prepared related to COFFIN and COUSD demand and we will announce it soon
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