Settings Change, and Prevention of the poor arbitrage loop secured for now. (Updated on 19th of Nov 14:00 UTC)

  • Increase transfer tax ratio to a fixed 5% when below PEG temporarily to prevent current maleficent arbitration efforts.
  • Or, increase transfer base ratio. Currently it’s 0.05% minimum, but it’s too small for bad arbitrage players. We feel it’s better to increase the ratio when we are below PEG. (Updated on the 19th of November, 2021)
  • Changing the redemption delay timing.
  • Changing the rate of our minting fee.
  • Changing the redemption fee entirely.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Coffin Finance

Coffin Finance

Welcome to Partial Collateralized Algorithmic Stable Token Project on #Fantom. => Join our community. http://discord.gg/bG7MqNGKxV #ftm #coffin #defi