Cooky Finance — what is known as a decentralized reserve currency protocol. Built on the Thurdercore chain, each CKY token is backed by a basket of assets (TT, LP, etc.) in the Cookie Treasury, giving it an intrinsic value below which it cannot fall.
Description of the Cooky Finance project
The goal of Cooky Finance - to create the reserve currency, needed by TT while optimizing short and long term profits for CKY token holders. The unique project brings economic and game-theoretic dynamics to the market through stakes and connections to achieve this goal.
The developers want to build a policy-controlled monetary system, where the behavior of the CKY token is controlled at a high level by the DAO. In the long term, this system can be used to optimize stability and consistency so that the CKY can function as a global unit of account and medium of exchange.
Participation in Cooky Finance is simple and profitable. Cookie Finance users have two main strategies:
| 1 | Stakers stake their CKY tokens in exchange for more CKY tokens. |
| 2 | Obligators provide LP or BUSD tokens in exchange for CKY tokens at a discount after a fixed vesting period, which means your tokens will be transferred to you bit by bit. |
Staking - Cooky Finance's primary value accumulation strategy. Stakers stake their CKY tokens on the website to earn relocation rewards. Rebasing rewards come from miner sales revenue and may vary, depending on the amount of CKY, placed in the protocol, and the reward rate, set by monetary policy. Betting - a passive long-term strategy. Increasing your stake in CKY results in a constantly falling value, approaching zero. This means that even if the market price of CKY falls below your original purchase price, given a sufficiently long betting period, the increase in your CKY balance should eventually outweigh the fall in price.
More about defi app
Staking allows you to passively earn CKY through automatic interest accrual. By staking CKY, you get sCKY (CKY staking) in return at a 1:1 ratio. After that, your sCKY balance will automatically increase every 6 hours, based on your current APY. In Cooky Finance, rebasing occurs every 8 hours, which gives a greater effect of interest calculation. You can get more information through the introductory document. It contains the rules of work and answers to questions. From social networks, the community maintains a telegram channel. The smart contract doesn't have an audit.