Bonding + Liquidity Booster… DYOR!
Hello Everyone!
Based on the results of the recent vote, we have decided to release bonding before re-enable redeem.
We had a plan to release around 13th, but it may be delay in few days.
We are going to make an announcement on discord/twitter/medium, 12 hours in advanced.
The bonding will be an experiment to create collateral for COFFIN, which has not have collaterals until now.
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.
It is a customized fork, which is not audited. So Please DYOR!!
If something happens that is not good for the protocol, or if there is a community vote against it, we will suspend it and prioritize the redeem.
Please use twitter / discord community / snapshot for such communication.
Related documents are here.
