Common-Prosperity Finance

Official docs of Common-Prosperity Finance

Disclaimer

Do your own research before investing. Investing in defi protocols is risky and may result in monetary loss. By using Common-Prosperity Finance (CP Finance), you agree that the CP Finance team is not responsible for any financial losses from investing in CP Finance. CP Finance does not operate or control the contracts on the blockchain of this protocol, these are open and permissionless and we are unable to stop anyone from using the protocol directly from the blockchain. In using these contracts you acknowledge that you understand and are complying with the laws of your local jurisdiction.

The Big Picture

Common-Prosperity Finance is an algorithmic stable coin protocol pegged 1:1 to USDC on Fantom Opera. Our protocol is inspired by tomb.finance and uses three tokens (CPM, CPSHARE, CPBOND) to incentivize a stable 1:1 peg to USDC.

The protocol's underlying mechanism dynamically adjusts CPM's supply, pushing its price up or down relative to the price of USDC. This should be $1 however there may be times where USDC loses its peg and if our protocol is functioning as intended will follow USDC to keep pegged 1:1 to it.

Why peg USDC

The reason that we choose to peg $USDC is because in such a bear market, nothing is securer than stable coin. BTC dropped over 52% and $FTM dropped over 62% from ATHs. We want to support those who want more stable returns. With our token, CPM(Common-Prosperity Money), which is pegged to USDC, participants can avoid unnecessary risk in the bear market, and enjoy their juicy farms.

Future Utility

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the CP Finance team will maintain a focus on innovation around enhanced functionality and use cases. The CPM token WILL support a Multi-Dapp ecosystem on the FTM Network. More info on use cases will be provided in future articles and updates!

Guides: Jump right in

Follow our handy guides to get started on the basics as quickly as possible:

TokensPlatform OverviewExpansion