Introduction

​KobraFinance is the first decentralized reserve currency protocol runned by a triangle protocol available on the Binance Smart Chain Network based on the KOBRA token. Each KOBRA token is backed by a basket of assets (e.g., ASNK, ASNK-BSNK LP Tokens etc etc) in the KobraFinance treasury.

Our goal is to build a policy-controlled currency system, native on the BSC network, in which the behavior of the KOBRA token! In the long term, we believe this system can be used to optimize for stability and consistency so that KOBRA can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.

We intend to achieve price flatness for a representative basket of goods without the use of fiat currency, in order to allow the cryptocurrency industry to detach once and for all from the traditional finance world!

There are two main strategies for market participants: staking, farming and holding. Stakers stake their KOBRA tokens in return for more KOBRA tokens, while farmers provide LP tokens in return for more KOBRA tokens.

The main benefit for stakers comes from supply growth. The protocol mints new KOBRA tokens, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.

The main benefit for farmers comes from price consistency.

KobraFinance is not a fork but pur work start with the SushiSwap MasterChef Contract. Our team is mostly anonymous, born from the DeFi Community. We aim at becoming a Decentralized Autonomous Organization, and we are actively working towards that goal.

Currently most of the decisions are taken by the core team, but we expect to be able to turn this into a DAO-governed model as soon as possible!