Coffin Finance: Security Schedule (Timelock Contract / Multi-Signatory)
About Coffin Protocol
We are a partial collateral stable token protocol. Our CollateralReserve contract is currently at a sufficient level of liquidity.
Timelock / Multi-sig
A timelock on the contract is a “band-aid” fix to alleviate any concerns regarding treasury funds. This delays all functions called by the owner for a set amount of time.
Contracts with multi-signature (multi-sig) wallets allow many signers to evaluate and agree on an action on the blockchain before it is executed.
Initially, we intended to use the Timelock as stated in our document (https://docs.coffin.finance/).
As suggested by our users, we are also looking for multi-signature partners.
Even if we choose to utilize Timelock, this is only a temporary solution until we can locate multi-sig partners and then migrate to a multi-sig method. We believe that acquiring known members of the Fantom Community as Multi-Signatory is preferable.
We will use the Timelock contract if we are unable to locate enough partners by the end of the second week of November.
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