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Kokoa Finance

Kokoa Finance

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Game Description

#CDP

Kokoa Finance is a crypto-asset-backed stablecoin platform where users can borrow KSD stablecoin against crypto assets without paying any nominal cost.

Kokoa Finance adopts a two-token system: KSD and Kokoa. KSD is a crypto-collateralized decentralized stablecoin. Minting KSD requires the deposits of the collaterals in CDP worth more than the value of the minted KSD. The LTV(Loan-to-Value) ratio of a CDP must be lower than the Maximum LTV Limit set by the governance, which will initially be 45%, and if the ratio exceeds the Minimum Liquidation Threshold, say 60%, the collateral assets in the CDP will be liquidated. Through this mechanism, the system can maintain the value of each KSD. ...
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