elenajolly
Joined: 19 Jun 2018
Posts: 102
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 Posted: Thu Apr 15, 2021 6:00 am Post subject: CDO.Finance is the first Yield Farming project . |
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CDO.Finance is the first Yield Farming project on the Binance Smart Chain that offers dynamic risk exposure.
They hope to expand the possibilities of decentralized farming and create more comprehensive solutions by giving risk-averse and / or capital-constrained users the opportunity to benefit from harvest farming. is!
What are CDOs?
Working in similar fashion to its counterpart traditional finance, created CDOs are derivative products that are backed by an underlying cash flow generating asset, such as tokens that are sent to a lending pool to farm yield.
At the end of every CDO contract, yield and investment principals are paid out in a waterfall fashion, with senior tranche participants (lowest risk, lowered yield) having priority yield and principal repayment and junior tranche participants (higher risk, leveraged yield) having secondary yield and principal repayment.
This creates effective protection for the senior tranche participants of the CDO contract by lower tranche participants, as their principal and expected returns are protected by subsequent tranches.
According to current plans, CDO.Finance will officially launch on the 4th of April 2021 at 00:00
GMT+8. Token rewards will begin at block 6251000
Token Distribution
CODEX Fair Launch Sequence
In the same fashion as fellow fair launch projects with limited initial resources, CODEX tokens will be rewarded to incentivise network participants that assist in bootstrapping and kickstarting our ecosystem.
Utility of CODEX tokens
CODEX will be used for future governance voting purposes in future phases of the project.
CODEX will also capture the economic gains of the system where fees generated from risk tranching activities will be stored in a treasury wallet for token buybacks will be performed in the future. Community consensus will also be sought to decide on future changes in the utility of the token.
CDO Token Information
Token Ticker: CODEX
Token total supply: 18 million tokens
Token Distribution:
Fair Launch Distribution (For users that participate in the pools in platform) : 80%, 14.4 million
Development Fund: 15%, 2.7 million
Warchest (tokens to be minted as required, no lock-in period): 5%, 0.9 million
CDO Protocol - Previous
Roadmap
Next - CODEX Token
Fair Launch Distribution
For more info you can simply visit at https://cdo.finance
Telegram: https://t.me/cdofinance
Twitter: https://twitter.com/CDOfinance |
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