The $TOPG token is designed for use as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain COBRAs peg of 1 COBRA = 0.001 ETH

Contract Address: 0xFa4dF8606C4051bB71133EcB9C77E30885aA2e83

Note that $COBRA actively pegs via the algorithm, it does not mean it will be valued at 1 COBRA : 0.001 ETH at all times as it is not collaterized. $COBRA is not to be confused for a crypto or fiat-backed stablecoin.

$COBRA can be farmed in Farms or exchanged for $CBOND when under peg.

Cobra Finance Shares ($CSHARE)

CSHARE token holders have ownership rights of the protocol. Once DAO is established, they will play a crucial role in the governance of Cobra Finance. CSHARE can be staked in the boardroom to earn a part of minted COBRA as rewards.

Contract Address: 0xC96930B99283A531f92DA82F837c885112E7663D

$CSHARE has a maximum total supply of 40001 tokens distributed as follows:

  1. DAO Allocation: 7000 CSHARE vested linearly over 180 Days

  2. Team Allocation: 3000 CSHARE vested linearly over 180 days

  3. Rewards: 30000 CSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months

  4. Initial mint: 10 CSHARE minted upon contract creation for initial pool Liquidity

$CSHARE can be farmed in Farms or staked in Boardroom.

Cobra Finance Bonds ($CBOND)

CBONDs main job is to help incentivize and reward users for ensuring peg during an epoch contraction period, when TWAP of COBRA is below 0.001.

Contract Address: 0x7Ec137b3d415F9669f7A6e32f955a33cDC8505E0

Last updated