COFFIN, On Timelocks, Audit, & xCOFFIN


As per our previous announcement, security is our main priority. We understand we need to have a Timelock in place for some contracts. Especially for our Collateral and MasterChef Contracts (CoffinMaker & CoffinMakerV2). However, to enable us to fix small issues immediately, we’ve postponed the measure until now.

It’s been almost a month since we launched. So we’ve decided to use Timelocks for our most important contracts.

We don’t think it’s enough. It’s just bottomline in DeFi. We understand it’s better for us to have Timelock for more contracts, no only those contracts mentioned above.

At the same time, we need to update often to improve the protocol.

This Timelock for our Collateral and our Farms are just bottomline in DeFi. Not only in relation to how we collaborate with other partners. We believe it will be good for our users as well. You can read more about our contracts in the link provided below and part of our DOCS.

On the Release of XCOFFIN

We cannot in good conscience release anything that is not 110% beyond our standards of perfection, and we will be elongating the timeframe on the release of XCOFFIN. During this time, not only will we work tirelessly to bring innovation and design a unique product that will exceed expectations, we we will always continue to listen to your thoughts and suggestions carefully.

On the Status of Our 2nd Audit

However, we added additional contracts during the process so the audit hasn’t covered all of the contracts. So, to be as transparent as we can possibly be with all of you, it is very important to understand that the content below is production code, and just slightly different from the code which has been audited.

We also hope you understand that auditors do not worry about Timelock and some issues as much as the important pieces of code.

We believe we need to request another audit again in near future to be absolutely certain that every one of you, and ourselves, are as safe as possible while using Coffin.Finance.

With an open heart and open arms, yours truly,

The Coffin Finance Team



Welcome to Partial Collateralized Algorithmic Stable Token Project on #Fantom. => Join our community. #ftm #coffin #defi

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Coffin Finance

Welcome to Partial Collateralized Algorithmic Stable Token Project on #Fantom. => Join our community. #ftm #coffin #defi