CoFix

Basics

• Announced on:
• Mainnet release:
• Based in: Asia
• From this blog by Dragonfly Capital research (7-10-2020):

"CoFiX is a next-generation AMM that uses external oracle data to inform its pricing algorithm."

Token

Token allocation

• From this blog by Dragonfly Capital research (7-10-2020):

"90% of the tokens to be distributed via liquidity mining."

Technology

• Whitepaper can be found here.
• Code can be viewed [insert here].
• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Liquidity Mining

• From this blog by Dragonfly Capital research (7-10-2020):

"90% of the tokens to be distributed via liquidity mining."

Oracle Method being used

• Uses NEST. From this blog by Dragonfly Capital research (7-10-2020):

"Because CoFiX uses an external oracle, it knows the mid-market price, the staleness of that price, and the historical volatility (unlike DODO or Bancor v2, neither of which incorporate volatility). This lets CoFiX approximate, ever closer, the decision-making of a true market maker."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Pros and Cons

Pros

• From this blog by Dragonfly Capital research (7-10-2020):

"By taking into account historical volatility and other pair-specific parameters, it tailors its pricing function closer to how an intelligent market maker would. By offering better spreads during periods of low volatility and becoming more conservative during adverse market conditions, CoFiX can become a more profitable market maker while usually offering more competitive pricing than Uniswap. It can do all this while minimizing impermanent loss and without giving up as much in profits to arbitrageurs."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

Funding

• Dragonfly is an investor in CoFiX (7-10-2020).