Still trying to prevent bad arbitrage loop 2
As we made an announcement yesterday, we’re still up against challenges.
After some changes yesterday, it seems our circuit breakers in place to prevent bad arb are working in this instance so far. However, we cannot relax and cannot recommend you to invest for now. We are still fighting.
We know it has been rough, we’re up against challenges, which is critical, and we, the developers and founders, are…
Let us say again, the current price has decreased **NOT** as a result of a bug, exploit, or rug. The risk is implemented in similar protocols. Our trial is how to prevent the problem similar protocols have experienced by our way.
The Basics CoUSD Stability
COFFIN and FTM in the mint. Coffin Finance uses FTM/wFTM as collateral. The COFFIN token will be burned through this…
Bank Run in DeFi — Iron Finance Fiasco Explained
So what was the first large scale bank run in DeFi all about? Why is it so hard to create a working algorithmic…
Please know that we are doing everything we can to protect the protocol and its users.
To adjust some settings flexibility, we might transfer more contract ownerships to devs temporary.
( Collateral has still Timelock. )
By doing such we are able to move smoothly and fix the parameters. There are possibilities as follows.
- changing transfer tax.
- changing redemption delay
- changing minting fee.
- mint/redeem disabled temporary.
- changing redemption fee.
- add new tokenomics to reduce selling pressure.
- add governance token to reduce selling pressure.
- adjust TCR
I really appreciate your supporting always.