Utility

COF tokens can be utilized to stake COF to obtain veCOF.

The daily emission is 51,400. The COF supply won’t increase unless a related governance proposal is initiated and passed. If the supply cap is voted to increase, the change should take effect after a 14-day time lock.

veCOF

veCOF is the protocol governance token; with more veCOF comes more voting power on protocol governance. Users can obtain veCOF from locking COF. Holding veCOF will grant users protocol income and COF rewards. veCOF tokens are minted when users lock COF and will be burnt as the lock time decreases.