đĒTokens
COBRA FINANCE Token ($COBRA)
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
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.
$CSHARE has a maximum total supply of 40001 tokens distributed as follows:
DAO Allocation: 7000 CSHARE vested linearly over 180 Days
Team Allocation: 3000 CSHARE vested linearly over 180 days
Rewards: 30000 CSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months
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.
Last updated