Coconuts Finance combines a Yearn-style yield aggregator with OHM-style protocol-owned liquidity with notional convertible securities (CoCo) and uniform tranches (nuT).
Coconuts Finance — a yield aggregator, based on the OHM-style protocol's liquidity concept and adding some traditional concepts, namely notional convertible assets (CoCo) and tranches (NuT).
With Coconuts, you can earn income, enhanced by a reward token. The reward token can be deposited for an OHM-style APY bond.
The protocol consists of 2 separate components:
| CompoundNChill | yield aggregator. |
| Volcano | the liquidity, owned by the protocol, and the realization of the notional convertible currency. |
Users can place assets in the CompoundNChill yield aggregator in order to be able to calculate the yield automatically. Profitability is boosted by the $CompoundNChill / $CNC native reward token. Users can play $CNC LP or select assets to generate $COCO.
Volcano — an asset store and part of bond creation in the coconuts finance ecosystem with the implementation of Contingent Convertibles.
YieldRedirector — an advanced investment strategy that supports affiliate protocols. The yield redirection strategy redirects any excess earnings to purchase tokens on the market. To work synergistically with other OHM forks, we will deploy a yield redirector that will redeem and reward users with Klima tokens on matic. The yield redirector strategy passes the excess yield of the crop to the yield Redirect Router..
The reward token allows you to create bonds for high APY. Voting-locked tokens increase your farming reward rates and give you the ability to vote on reward rates for different pools.