Coffin Dollar Stablecoin Depegs - Revision history

Azoundria at 21:30, 7 May 2023

2023-05-07T21:30:46Z

← Older revision		Revision as of 15:30, 7 May 2023
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	There is no evidence of significant maintained loss in the Coffin Dollar protocol. The stablecoin temporarily lost the peg and subsequently restored to a peg around $0.95. Undoubtedly, many sold in the middle.		There is no evidence of significant maintained loss in the Coffin Dollar protocol. The stablecoin temporarily lost the peg and subsequently restored to a peg around $0.95. Undoubtedly, many sold in the middle.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.<ref name="abettametatwitter-9354" /><ref name="coffinfinance-9613" /><ref name="coinmarketcap-9614" /><ref name="coingecko-9615" /><ref name="coinbase-9616" /><ref name="polygonscan-9617" /><ref name="coffinfinancedocs-9618" /><ref name="coffinfinancemedium-9619" /><ref name="coffinfinancemedium-9620" /><ref name="snapshot-9621" /><ref name="snapshot-9622" /><ref name="snapshot-9623" /><ref name="snapshot-9624" /><ref name="coffinfinancemedium-9625" /><ref name="coffinfinancemedium-9626" /><ref name="binance-9627" /><ref name="coffinfinancemedium-9628" /><ref name="coffinfinancemedium-9629" /><ref name="coffinfinancemedium-9630" /><ref name="coffinfinancemedium-9631" /><ref name="coffinfinancedocs-9632" />
	<ref name="abettametatwitter-9354" /><ref name="coffinfinance-9613" /><ref name="coinmarketcap-9614" /><ref name="coingecko-9615" /><ref name="coinbase-9616" /><ref name="polygonscan-9617" /><ref name="coffinfinancedocs-9618" /><ref name="coffinfinancemedium-9619" /><ref name="coffinfinancemedium-9620" /><ref name="snapshot-9621" /><ref name="snapshot-9622" /><ref name="snapshot-9623" /><ref name="snapshot-9624" /><ref name="coffinfinancemedium-9625" /><ref name="coffinfinancemedium-9626" /><ref name="binance-9627" /><ref name="coffinfinancemedium-9628" /><ref name="coffinfinancemedium-9629" /><ref name="coffinfinancemedium-9630" /><ref name="coffinfinancemedium-9631" /><ref name="coffinfinancedocs-9632" />

	== About Coffin Dollar ==		== About Coffin Dollar ==
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	!Description		!Description
	\|-		\|-
	\|November 18th, 2021 ~~12:00:00 AM~~		\|November 18th, 2021
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
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	\|		\|
	\|}		\|}

			== Technical Details ==
			This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

	== Total Amount Lost ==		== Total Amount Lost ==
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

			== Platform Prevention Policies ==
			{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

	== Prevention ~~Policies ==~~		{{Prevention:Regulators:End}}
	~~Which policies could have prevented this event from happening?~~

	== References ==		== References ==

Azoundria at 23:58, 27 February 2023

2023-02-27T23:58:35Z

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/coffindollarstablecoindepegs.php}} Coffin DollarCoffin Finance offers a prtially collateralized stablecoin on the Fantom blockchain. The peg was lost near the end of November 2021, after the protocol published a Medium article that seemed to question their own security. After a buy-back proposal failed to restore the peg, allowing it to drop all the way to a low of..."

2023-01-28T04:01:08Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/coffindollarstablecoindepegs.php}} thumb|Coffin DollarCoffin Finance offers a prtially collateralized stablecoin on the Fantom blockchain. The peg was lost near the end of November 2021, after the protocol published a Medium article that seemed to question their own security. After a buy-back proposal failed to restore the peg, allowing it to drop all the way to a low of..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/coffindollarstablecoindepegs.php}}

[[File:Coffinfinance.jpg|thumb|Coffin Dollar]]Coffin Finance offers a prtially collateralized stablecoin on the Fantom blockchain. The peg was lost near the end of November 2021, after the protocol published a Medium article that seemed to question their own security. After a buy-back proposal failed to restore the peg, allowing it to drop all the way to a low of $0.05 on May 1st, 2022, Coffin Finance put forth a proposal to re-enable redemptions of Coffin Dollars for USDC or DAI on June 21st, 2022. A 5% fee would be applied. It appears that the resolution passed and the Coffin Dollar peg was successfully restored on June 27th, 2022.

There is no evidence of significant maintained loss in the Coffin Dollar protocol. The stablecoin temporarily lost the peg and subsequently restored to a peg around $0.95. Undoubtedly, many sold in the middle.

This is a global/international case not involving a specific country.

== About Coffin Dollar ==
"Coffin Finance will be the first of its' kind, fully decentralized, capital-efficient, partially collateralized stable-token protocol on the Fantom Opera Network."

"The protocol aims to not only increase liquidity, while creating a way to store value on Fantom Opera Network, but also want see its' implementation as a medium for more advanced use-cases after a successful launch."

"We have and adamantly continue to learn from failures of our own and study those of the past.It is ferociously difficult to identify the true reasons for such failures, but we can take a guess."

"We believe we need to make improvements in terms of the following: Price Oracles, Deflationary mechanisms, Diversified collateral, Arbitrage opportunities, [and] Incentives to maintain the peg price."

"We believe in being flexible and quick to respond to market demands and changes. This is decided not only by us, but by our developers and the DAO community as well. Below are some of the ideas and features that might be available in the near future. Please keep in mind that we are constantly experimenting and collaborating with the community to find appropriate solutions and reach a mutually beneficial arrangement."

"As per our previous announcement, we are moving forward with more security updates." "As of November 15th, 2021," "We are going to" "double check all of our logic just to make sure that everything is as safe and functioning the way we believe it to be." "We feel that in times like these there is nothing more important than keeping up with and maintaining the security for ourselves and for our users. We are considering requesting an assessment by RugDoc KYC to weed out even the smallest flaws hidden in every code so we can patch them and continue on for one more Audit."

Shortly after posting the above (and roughly 5 months after Iron Finance depegged), the peg was lost in Coffin Finance. The price plummeted starting from November 18th, 2021.

"Currently we are facing issues similar to that of IRON Finance." "As noted in our original documentation, when a partially collateralized stable token falls below PEG, there is always a risk of a hyper inflationary event. (We have mentioned the possibility of such a “death spiral” in those documents..), It’s not a bug, neither an exploit."

"Fortunately, the strategic and well thought placement of our circuit breakers is the reason the protocol is still standing right now.." "We cannot assure you of anything at this moment, the danger is real, and the risk is still critical. Please, do not take risks from which you may or may not recover." "The time has now come where we must begin to reconsider multiple things. Even the very use of our own entire systematic structure and use of contemporary tokenomics."

"We’d like to make a series of proposals that are related in some way. Additional buyback & burn CoUSD using less than 5% CoUSD Collateral. Burn all XCOFFIN in treasury which is around 1.139M $COFFIN. Stop COFFIN emission. An idea about CoUSD pegged algo token (Tomb fork) without CoUSD mint/redeem."

"[T]he redeem function was suspended. A proposal to allow redemption CoUSD is up for vote as of June 21, 2022." "The collateral ratio backed by USDC and DAI is now greater than 100% for the time being. We would like to prepare to re-enable redemption COUSD for USDC or DAI due to several requests. A 5% fee is applied. 1 CoUSD equals 0.95 USDC or 0.95 DAI. The fee might possibly be utilized to create liquidity or buyback COFFIN or additional collateral for CoUSD."

"In terms of the buyback, we believe we should handle it rather than re-enable redeem as of now. CoUSD mint/redeem will still be kept suspended as of now. But COFFIN token holders still control it through votings / buyback by collateral. As you might know, CoUSD price got back 0.05=>0.5 after the last buyback. As long as there are enough collaterals ( now ), we can conduct buybacks to increase the value through voting. COFFIN emission is also related to the new protocol. They are related to tokens which are issued by Graveyard Finance. So we are going to make proposals on Snapshot.org for voting."

"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. etc"

The drop lasted all the way to a bottom of ~$0.05 on May 1st, 2022. However, by June 27th, 2022, the price had recovered to $0.95.

"It’s an experiment. We do not plan to prepare a frontend UI. We will provide instructions on the medium article. There are no plans to audit. If you have any concerns, please express them. Objections are welcome. If the developers have any issues, they will suspend immediately without warning. The mechanism is only effective when our USDC+DAI collateral in our collateral reserve contract exceeds the supply of CoUSD."

"As of the previous snapshot voting result, we are going to re-enable CoUSD redeem." "Redeem mechanism is only functional when USDC+DAI collateral in our CollateralReserve contract exceeds the supply of CoUSD. (In this case, collateral ratio is surely more than 100% as long as we believe DAI & USD value are both $1)."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:
* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Coffin Dollar Stablecoin Depegs
!Date
!Event
!Description
|-
|November 18th, 2021 12:00:00 AM
|Main Event
|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost has been estimated at $2,212,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
The total amount recovered is unknown.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?

== Prevention Policies ==
Which policies could have prevented this event from happening?

== References ==
[https://twitter.com/ABettaMeta/status/1547165531584843777 @ABettaMeta Twitter] (Jul 13)

[https://coffin.finance/ Coffin Finance] (Nov 3)

[https://coinmarketcap.com/currencies/coffin-dollar/ Coffin Dollar price today, COUSD to USD live, marketcap and chart | CoinMarketCap] (Nov 3)

[https://www.coingecko.com/en/coins/coffin-dollar Coffin Dollar Price in USD: COUSD Live Price Chart & News | CoinGecko] (Nov 3)

[https://www.coinbase.com/price/coffin-dollar https://www.coinbase.com/price/coffin-dollar] (Nov 3)

[https://polygonscan.com/address/0xc79358de3868a7c751f52cfeecd650595aee8b18 OpenDAO: USDO Token | Address 0xc79358de3868a7c751f52cfeecd650595aee8b18 | PolygonScan] (Nov 3)

[https://docs.coffin.finance/ Home - COFFIN V1 ( v1.0.14 )] (Nov 3)

[https://coffinfinance.medium.com/proposals-buyback-cousd-burn-xcoffin-stop-coffin-emission-tomb-fork-66930d4592a8 Proposals Buyback Cousd Burn Xcoffin Stop Coffin Emission Tomb Fork] (Nov 3)

[https://coffinfinance.medium.com/cousd-redeem-proposal-4e4417d84b90 Cousd Redeem Proposal] (Nov 3)

[https://snapshot.org/#/coffinfinance.eth/proposal/0x99e6e2c10ad460cd5dffb8be9ec603e94876eeadd1cd92e47b1fabbd0a7031e9 Snapshot] (Nov 3)

[https://snapshot.org/#/coffinfinance.eth/proposal/0x893abc649be05e5613a41dbc0885f7ae9a7d08fd9d955170feac7ccc082995a8 Snapshot] (Nov 3)

[https://snapshot.org/#/coffinfinance.eth/proposal/0x3b7fe6b6ee10c01390ce145c77d77672178eb82a8b26bf1a1adc517cb9348694 Snapshot] (Nov 3)

[https://snapshot.org/#/coffinfinance.eth/proposal/0x8e7baa550dff68117d979792231f2b654385303f6ec942b4d6cf76d2ce249b3d Snapshot] (Nov 3)

[https://coffinfinance.medium.com/how-to-redeem-cousd-experimental-2912b15fe618 How To Redeem Cousd Experimental] (Nov 12)

[https://coffinfinance.medium.com/good-day-current-status-and-new-plan-about-coffin-finance-a8c23d81b414 Good Day Current Status And New Plan About Coffin Finance] (Nov 12)

[https://www.binance.com/en/price/coffin-dollar Coffin Dollar Price | COUSD Price Index, Live Chart and USD Converter - Binance] (Nov 14)

[https://coffinfinance.medium.com/coffin-security-protocol-kyc-audit-more-on-timelocks-zapmint-redeem-fees-and-collateral-ratio-a96efec8f094 Coffin Security Protocol Kyc Audit More on Timelocks Zapmint Redeem Fees And Collateral Ratio] (Nov 14)

[https://coffinfinance.medium.com/still-trying-to-prevent-bad-arbitrage-loop-2-adebbdf44a84 Still Trying To Prevent Bad Arbitrage Loop 2] (Nov 14)

[https://coffinfinance.medium.com/change-settings-trying-to-prevent-bad-arbitrage-loop-20df453d6da4 Change Settings Trying To Prevent Bad Arbitrage Loop] (Nov 14)

[https://coffinfinance.medium.com/proposal-about-graveyard-finance-3563cdfb02db Proposal About Graveyard Finance] (Nov 14)

[https://docs.coffin.finance/stable The Basics CoUSD Stability - COFFIN V1 ( v1.0.14 )] (Nov 14)

← Older revision		Revision as of 17:58, 27 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/coffindollarstablecoindepegs.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/coffindollarstablecoindepegs.php}}
			{{Unattributed Sources}}

	[[File:Coffinfinance.jpg\|thumb\|Coffin Dollar]]Coffin Finance offers a prtially collateralized stablecoin on the Fantom blockchain. The peg was lost near the end of November 2021, after the protocol published a Medium article that seemed to question their own security. After a buy-back proposal failed to restore the peg, allowing it to drop all the way to a low of $0.05 on May 1st, 2022, Coffin Finance put forth a proposal to re-enable redemptions of Coffin Dollars for USDC or DAI on June 21st, 2022. A 5% fee would be applied. It appears that the resolution passed and the Coffin Dollar peg was successfully restored on June 27th, 2022.		[[File:Coffinfinance.jpg\|thumb\|Coffin Dollar]]Coffin Finance offers a prtially collateralized stablecoin on the Fantom blockchain. The peg was lost near the end of November 2021, after the protocol published a Medium article that seemed to question their own security. After a buy-back proposal failed to restore the peg, allowing it to drop all the way to a low of $0.05 on May 1st, 2022, Coffin Finance put forth a proposal to re-enable redemptions of Coffin Dollars for USDC or DAI on June 21st, 2022. A 5% fee would be applied. It appears that the resolution passed and the Coffin Dollar peg was successfully restored on June 27th, 2022.
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	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="abettametatwitter-9354" /><ref name="coffinfinance-9613" /><ref name="coinmarketcap-9614" /><ref name="coingecko-9615" /><ref name="coinbase-9616" /><ref name="polygonscan-9617" /><ref name="coffinfinancedocs-9618" /><ref name="coffinfinancemedium-9619" /><ref name="coffinfinancemedium-9620" /><ref name="snapshot-9621" /><ref name="snapshot-9622" /><ref name="snapshot-9623" /><ref name="snapshot-9624" /><ref name="coffinfinancemedium-9625" /><ref name="coffinfinancemedium-9626" /><ref name="binance-9627" /><ref name="coffinfinancemedium-9628" /><ref name="coffinfinancemedium-9629" /><ref name="coffinfinancemedium-9630" /><ref name="coffinfinancemedium-9631" /><ref name="coffinfinancedocs-9632" />

	== About Coffin Dollar ==		== About Coffin Dollar ==
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	== References ==		== References ==
	[https://twitter.com/ABettaMeta/status/1547165531584843777 @ABettaMeta Twitter] (Jul 13)		<references><ref name="abettametatwitter-9354">[https://twitter.com/ABettaMeta/status/1547165531584843777 @ABettaMeta Twitter] (Jul 13, 2022)</ref>

	[https://coffin.finance/ Coffin Finance] (Nov 3)		<ref name="coffinfinance-9613">[https://coffin.finance/ Coffin Finance] (Nov 3, 2022)</ref>

	[https://coinmarketcap.com/currencies/coffin-dollar/ Coffin Dollar price today, COUSD to USD live, marketcap and chart \| CoinMarketCap] (Nov 3)		<ref name="coinmarketcap-9614">[https://coinmarketcap.com/currencies/coffin-dollar/ Coffin Dollar price today, COUSD to USD live, marketcap and chart \| CoinMarketCap] (Nov 3, 2022)</ref>

	[https://www.coingecko.com/en/coins/coffin-dollar Coffin Dollar Price in USD: COUSD Live Price Chart & News \| CoinGecko] (Nov 3)		<ref name="coingecko-9615">[https://www.coingecko.com/en/coins/coffin-dollar Coffin Dollar Price in USD: COUSD Live Price Chart & News \| CoinGecko] (Nov 3, 2022)</ref>

	[https://www.coinbase.com/price/coffin-dollar https://www.coinbase.com/price/coffin-dollar] (Nov 3)		<ref name="coinbase-9616">[https://www.coinbase.com/price/coffin-dollar https://www.coinbase.com/price/coffin-dollar] (Nov 3, 2022)</ref>

	[https://polygonscan.com/address/0xc79358de3868a7c751f52cfeecd650595aee8b18 OpenDAO: USDO Token \| Address 0xc79358de3868a7c751f52cfeecd650595aee8b18 \| PolygonScan] (Nov 3)		<ref name="polygonscan-9617">[https://polygonscan.com/address/0xc79358de3868a7c751f52cfeecd650595aee8b18 OpenDAO: USDO Token \| Address 0xc79358de3868a7c751f52cfeecd650595aee8b18 \| PolygonScan] (Nov 3, 2022)</ref>

	[https://docs.coffin.finance/ Home - COFFIN V1 ( v1.0.14 )] (Nov 3)		<ref name="coffinfinancedocs-9618">[https://docs.coffin.finance/ Home - COFFIN V1 ( v1.0.14 )] (Nov 3, 2022)</ref>

	[https://coffinfinance.medium.com/proposals-buyback-cousd-burn-xcoffin-stop-coffin-emission-tomb-fork-66930d4592a8 Proposals Buyback Cousd Burn Xcoffin Stop Coffin Emission Tomb Fork] (Nov 3)		<ref name="coffinfinancemedium-9619">[https://coffinfinance.medium.com/proposals-buyback-cousd-burn-xcoffin-stop-coffin-emission-tomb-fork-66930d4592a8 Proposals Buyback Cousd Burn Xcoffin Stop Coffin Emission Tomb Fork] (Nov 3, 2022)</ref>

	[https://coffinfinance.medium.com/cousd-redeem-proposal-4e4417d84b90 Cousd Redeem Proposal] (Nov 3)		<ref name="coffinfinancemedium-9620">[https://coffinfinance.medium.com/cousd-redeem-proposal-4e4417d84b90 Cousd Redeem Proposal] (Nov 3, 2022)</ref>

	[https://snapshot.org/#/coffinfinance.eth/proposal/0x99e6e2c10ad460cd5dffb8be9ec603e94876eeadd1cd92e47b1fabbd0a7031e9 Snapshot] (Nov 3)		<ref name="snapshot-9621">[https://snapshot.org/#/coffinfinance.eth/proposal/0x99e6e2c10ad460cd5dffb8be9ec603e94876eeadd1cd92e47b1fabbd0a7031e9 Snapshot] (Nov 3, 2022)</ref>

	[https://snapshot.org/#/coffinfinance.eth/proposal/0x893abc649be05e5613a41dbc0885f7ae9a7d08fd9d955170feac7ccc082995a8 Snapshot] (Nov 3)		<ref name="snapshot-9622">[https://snapshot.org/#/coffinfinance.eth/proposal/0x893abc649be05e5613a41dbc0885f7ae9a7d08fd9d955170feac7ccc082995a8 Snapshot] (Nov 3, 2022)</ref>

	[https://snapshot.org/#/coffinfinance.eth/proposal/0x3b7fe6b6ee10c01390ce145c77d77672178eb82a8b26bf1a1adc517cb9348694 Snapshot] (Nov 3)		<ref name="snapshot-9623">[https://snapshot.org/#/coffinfinance.eth/proposal/0x3b7fe6b6ee10c01390ce145c77d77672178eb82a8b26bf1a1adc517cb9348694 Snapshot] (Nov 3, 2022)</ref>

	[https://snapshot.org/#/coffinfinance.eth/proposal/0x8e7baa550dff68117d979792231f2b654385303f6ec942b4d6cf76d2ce249b3d Snapshot] (Nov 3)		<ref name="snapshot-9624">[https://snapshot.org/#/coffinfinance.eth/proposal/0x8e7baa550dff68117d979792231f2b654385303f6ec942b4d6cf76d2ce249b3d Snapshot] (Nov 3, 2022)</ref>

	[https://coffinfinance.medium.com/how-to-redeem-cousd-experimental-2912b15fe618 How To Redeem Cousd Experimental] (Nov 12)		<ref name="coffinfinancemedium-9625">[https://coffinfinance.medium.com/how-to-redeem-cousd-experimental-2912b15fe618 How To Redeem Cousd Experimental] (Nov 12, 2022)</ref>

	[https://coffinfinance.medium.com/good-day-current-status-and-new-plan-about-coffin-finance-a8c23d81b414 Good Day Current Status And New Plan About Coffin Finance] (Nov 12)		<ref name="coffinfinancemedium-9626">[https://coffinfinance.medium.com/good-day-current-status-and-new-plan-about-coffin-finance-a8c23d81b414 Good Day Current Status And New Plan About Coffin Finance] (Nov 12, 2022)</ref>

	[https://www.binance.com/en/price/coffin-dollar Coffin Dollar Price \| COUSD Price Index, Live Chart and USD Converter - Binance] (Nov 14)		<ref name="binance-9627">[https://www.binance.com/en/price/coffin-dollar Coffin Dollar Price \| COUSD Price Index, Live Chart and USD Converter - Binance] (Nov 14, 2022)</ref>

	[https://coffinfinance.medium.com/coffin-security-protocol-kyc-audit-more-on-timelocks-zapmint-redeem-fees-and-collateral-ratio-a96efec8f094 Coffin Security Protocol Kyc Audit More on Timelocks Zapmint Redeem Fees And Collateral Ratio] (Nov 14)		<ref name="coffinfinancemedium-9628">[https://coffinfinance.medium.com/coffin-security-protocol-kyc-audit-more-on-timelocks-zapmint-redeem-fees-and-collateral-ratio-a96efec8f094 Coffin Security Protocol Kyc Audit More on Timelocks Zapmint Redeem Fees And Collateral Ratio] (Nov 14, 2022)</ref>

	[https://coffinfinance.medium.com/still-trying-to-prevent-bad-arbitrage-loop-2-adebbdf44a84 Still Trying To Prevent Bad Arbitrage Loop 2] (Nov 14)		<ref name="coffinfinancemedium-9629">[https://coffinfinance.medium.com/still-trying-to-prevent-bad-arbitrage-loop-2-adebbdf44a84 Still Trying To Prevent Bad Arbitrage Loop 2] (Nov 14, 2022)</ref>

	[https://coffinfinance.medium.com/change-settings-trying-to-prevent-bad-arbitrage-loop-20df453d6da4 Change Settings Trying To Prevent Bad Arbitrage Loop] (Nov 14)		<ref name="coffinfinancemedium-9630">[https://coffinfinance.medium.com/change-settings-trying-to-prevent-bad-arbitrage-loop-20df453d6da4 Change Settings Trying To Prevent Bad Arbitrage Loop] (Nov 14, 2022)</ref>

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