Coincare module
Dernière mise à jour
Dernière mise à jour
The primary security mechanism for funds deposited on the Coinstancy platform is based on the number of COTO tokens staked.
When COTO tokens are staked, they become eligible for the Coincare module. The Coincare module is defined as follows :
The Coincare module makes 30% of liquidity available in staked COTO tokens, in order to reimburse customers who have suffered damage during an EBCC*.
*EBCC = Event beyond the control of Coinstancy
The definition of an EBCC will have to be defined by the DAO during the first 3 months following the TGE.**. **TGE = Token Generation Event
In the event of an EBCC, some or all of the tokens eligible for the Coincare module may be used by Coinstancy to reimburse injured customers, without prior validation by the DAO.
We call this event “slashing”.
In short, staked COTO tokens are subject to a maximum slashing risk of 30%, in exchange for daily incentives.
