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.
Contract Address 0x61Befe6E5f20217960bD8659cd3113CC1ca67d2F | FtmScan
The Contract Address 0x61Befe6E5f20217960bD8659cd3113CC1ca67d2F page allows users to view the source code…
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.
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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