CoffinFinance Partnership with SpookySwap
We are thrilled to announce that we have partnered with one of the largest DEX on the Fantom Opera network and from now on, CoffinFinance and SpookySwap are going to work together.
Our Partnership
- SpookySwap will create a FTM-COFFIN farm on SpookySwap. Users can get BOO as reward. It is after Coffin Finance successful launch.
- Not only that, SpookySwap will distribute some of COFFIN token through its partnered staking after a successful vote with governance. We are going to make an announcement about the details after Coffin Finance’s successful launch. The COFFIN token is provided from Coffin Finance.
- COFFIN Token has a burning mechanism when CoUSD is below the peg. However, thanks to SpookySwap’s effort, users can avoid tax/burn from LP-ing on SpookySwap when a user creates LPs related to COFFIN token.
About CoffinFinance
Coffin Finance will be the first decentralized, capital-efficient, and partial-collateralized stable token protocol on Fantom Opera.
The price volatility of cryptocurrencies is a major blocker for mass adoption, especially in the case of Fantom Opera. The price stability will ease the new user’s minds for new fields.
The protocol aims to not only increase liquidity, create a way to store value on Fantom Opera, but also want to use it as a medium for some use cases after a successful launch.
About SpookySwap
SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for the Fantom Opera network. SpookySwap actively invests in building a strong foundation by using the BOO token for governance, rewards on diverse farms, and to provide developer grants encouraging a healthy ecosystem of other Fantom projects. As of its launch in April 2021, SpookySwap has earned endorsement and support from the Fantom Foundation, developed a bridge for Fantom — Ethereum — BSC, and been fully audited by CertiK
.
We look forward to working closely with the SpookySwap team to bring more liquidity to Fantom Opera, and contributing Blockchain and Fantom Opera community. We believe it is first step to distribute Fantom origin stable tokens to other chains as well.
CoffinFinance: Website | Discord | Twitter | Document | GitHub | Memento Doc
