✨Our Protocol

How does the protocol work?

Cobra Finance protocol is based on a series of complex interactions, with the behaviour of multiple stakeholders deciding the pricing dynamics of the multiple tokens of the ecosystem.

• When the TOPG price is over the peg, new $TOPG are minted to drive the price down. These new $TOPG are allocated to $TGOLD holders in the boardroom, thus staking $TGOLD in the boardroom makes the most logical sense during this period.

• When TOPG price is at the peg, TOPG holders can use the TOPG-ETH LP to increase their yield. Each investor's $TGOLD will drive voting rights to have a say in the governance of the platform through DAO.

• When TOPG price drops below the peg, $TBOND will become available to purchase using $TOPG. Any $TOPG used to buy $TBOND will be burned, which reduces supply of $TOPG and brings its price back to peg, at which point investors can trade in $TBOND to earn profit.