Cookie Finance — the Binance Smart Chain insurance provider that uses farms to protect your assets.
Contents:
Description of the Cookie Finance finance project
The farms are backed by their own $ CHIPS token to compensate users if their funds are blocked or stolen. It focuses on protecting against fraud and exchange exploits, allowing you to invest in a fast-growing ecosystem safely. Cookie Finance provides insurance to the Binance chain and expands to the Polygon network to create comprehensive policies to protect users.
For each on-farm $ CHIPS transfer, a percentage of transfer tax must be paid. Part of the tax goes to buyback in the amount of $ CHIPS and the rest goes to LP to increase the minimum price. If necessary, a portion of the transfer tax is allocated to $ CHIPS Burns to regulate shipments.
Other features:
| 1 | Tokens will be burned, according to the card with additional burns to regulate the supply. |
| 2 | A percentage of generated commissions will help to buy back CHIPS to be added to LP pools. |
| 3 | Withdrawal fees are on individual insured farms and vaults. |
Also, a referral program has appeared to encourage users to invite friends and family to join insured farming and staking. Each insured farm is covered by $ CHIPS as collateral, automatically paid to users if the main farm has any withdrawal issues.
Additional information about the DeFi platform
Cookie Finance wraps existing farms on the BSC with a contract that deposits the underlying farm (like Banana or Cake). This provides a hassle-free farming experience on the CookieBake.Finance site with built-in coverage to prevent loss of investment. The developers provide an introductory document. Thus, each participant can study the project and the rules for working with it. There is a RoadMap, describing future updates.
From social networks, the community leads:
- twitter;
- telegram;
- blog.
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