## What Is cVault.finance (CORE)?

CVault.finance is a [decentralized finance](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) protocol with a deflationary governance token, CORE, that users can [stake](https://coinmarketcap.com/alexandria/glossary/staking) and use to [yield farm](https://coinmarketcap.com/alexandria/glossary/yield-farming). The platform also plans to [introduce](https://help.cvault.finance/products/automated-strategy-vaults) "Automated Strategy Vaults," which will allow for the automatic execution of profit-generating strategies for staked tokens.

Aiming to be completely decentralized, cVault.finance [calls](https://help.cvault.finance/faqs/governance) its governance model "the strongest and most involved in DeFi." CORE token holders vote as a community to implement changes to the protocol, including the creation of new [liquidity pools](https://coinmarketcap.com/alexandria/glossary/liquidity-pool) or the elimination of existing ones.

The platform was [launched](https://twitter.com/CORE_Vault/status/1307391804535443462) on the Ethereum mainnet in September 2020, with CORE [debuting](https://twitter.com/CORE_Vault/status/1309913581186670592) on Uniswap seven days later.


### Who Are the Founders of cVault.finance?

CVault.finance was launched in September 2020 by two pseudonymous developers known as "0xRevert" and "X 3." The two have a [history](https://0xdec4f.medium.com/the-idea-project-and-vision-of-core-vault-52f5eddfbfb) of working in traditional software development, but cVault.finance is their [first](https://t.me/InfinityGainzz/436599) crypto-related project. The co-founders have stated that they decided to create the platform after [witnessing](https://t.me/COREVault/43337) DeFi yield farming operations "fantastically implode due to poor economic decisions" such as minting new tokens as part of the farming process.

In October 2020, cVault.finance [brought on](https://t.me/coredevteam/25) another pseudonymous individual, "0xdec4f," to join its leadership team as head of operations. Prior to assuming an official role with cVault.finance, 0xdec4f was an active community member and moderator of the platform's Telegram channel.


### What Makes cVault.finance Unique?

The main way in which cVault.finance seeks to differentiate itself from other DeFi protocols is through its focus on deflationary yield farming. The project believes that minting new tokens to reward [liquidity providers](https://coinmarketcap.com/alexandria/glossary/liquidity-provider) — a process carried out by many DeFi protocols — is unsustainable in the long term, as it devalues the token. It has [referred to](https://0xdec4f.medium.com/5-things-you-did-not-know-about-core-4bfe3d8b1452) this form of incentivization as "flawed and short minded."

CVault.finance offers what it [calls](https://medium.com/@CORE_Vault/introducing-core-fef3e1b77d12) "deflationary farming" in which no new tokens are ever minted. Rather, a 1% fee is charged on token transfers, and the fees are used to reward liquidity providers. In addition, the protocol prevents the withdrawal of [liquidity](https://coinmarketcap.com/alexandria/glossary/liquidity) from Uniswap, which it says guarantees a stable market. These built-in measures, it argues, will ensure the sustainability of the platform.

The cVault.finance development team receives 7% of token transfer fees, while the remaining 93% is redistributed as rewards to liquidity providers.


#### **Related Pages**:

Learn more about [UNI](https://coinmarketcap.com/currencies/uniswap/), the governance token of the Uniswap platform.

Learn about [yearn.finance](https://coinmarketcap.com/currencies/yearn-finance/), a DeFi project that skyrocketed in popularity in 2020.

Interested in using Uniswap yourself? Read an [in-depth guide](https://coinmarketcap.com/alexandria/article/how-to-use-uniswap) on Alexandria, CoinMarketCap's online educational resource.

Stay up to date on DeFi, yield farming and more with the [CoinMarketCap Blog](https://blog.coinmarketcap.com/).


### How Many cVault.finance (CORE) Coins Are There in Circulation?

CVault.finance has a fixed supply of 10,000 tokens. All 10,000 CORE was minted in September 2020 during the project's initial seven-day "liquidity generation event," or LGE, during which participants [contributed](https://twitter.com/CORE_Vault/status/1317930201725214720) over 3,759 [Ether](https://coinmarketcap.com/currencies/ethereum/) (ETH) — valued at $1.41 million at the time — that was used to [create](https://help.cvault.finance/products/lge) a CORE/ETH Uniswap liquidity pool, with contributors receiving liquidity pool tokens. A second LGE was [held](https://medium.com/core-vault/lge-2-final-day-what-happens-next-c4f276b164cc) in October 2020, this time accepting [Wrapped Bitcoin](https://coinmarketcap.com/currencies/wrapped-bitcoin/) (WBTC) and receiving over $5 million in value. The project plans to hold a third event centered around a [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin).

Unlike typical Uniswap pairs, these LP tokens cannot be redeemed for their underlying asset, thus permanently locking liquidity into the protocol. This has led to the creation of a secondary market where users [trade](https://medium.com/core-vault/empowering-a-true-defi-economy-with-bitcoin-97981359d69a) LP tokens for other assets. The development team of cVault.finance has also stated that this results in a so-called "price floor," meaning that CORE can never drop below a certain price.

According to cVault.finance, the development team [does not](https://twitter.com/CORE_Vault/status/1306827096006758402) receive any CORE tokens as a part of its LGEs.


### How Is the cVault.finance Network Secured?

CORE is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token — although it has [proposed](https://medium.com/core-vault/erc95-a-new-standard-e59e806b7d82) a new ERC-95 standard — meaning that it relies on the Ethereum [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) to validate CORE transactions. Ethereum uses a [proof-of-work](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) [consensus](https://coinmarketcap.com/alexandria/glossary/consensus) algorithm in which miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted.

According to co-founder X 3, because cVault.finance's liquidity generation events use open-source [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) and liquidity is permanently locked in Uniswap, there is [no way](https://t.me/COREVault/71) for the developers to carry out a "rug-pulling" event in which the development team makes off with users' funds — thus making it more secure than other DeFi projects.

The project's smart contract was [audited](https://arcadiamgroup.com/audits/CoreFinal.pdf) in October 2020 by blockchain software development and security consulting company The Arcadia Group. The firm found that while there were no critical security flaws that required immediate attention, there were some fixes that could be implemented to improve security.

The cVault.finance team also [announced](https://twitter.com/CORE_Vault/status/1317248029716631552) in October 2020 that it was offering a $50,000 bug bounty for community members who find flaws in its upcoming changes to its code.


### Where Can You Buy cVault.finance (CORE)?

CORE is primarily exchanged on [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/), although it is also listed on Bilaxy and Hotbit. It can be traded against [Ether](https://coinmarketcap.com/currencies/ethereum), [WETH](https://coinmarketcap.com/currencies/weth/) (WETH), [Tether](https://coinmarketcap.com/currencies/tether) (USDT) and [Bitcoin](https://coinmarketcap.com/currencies/bitcoin) (BTC).

Are you interested in buying CORE or other [cryptocurrencies](https://coinmarketcap.com/alexandria/article/what-are-cryptocurrencies) such as BTC? CoinMarketCap has a simple, [step-by-step guide](https://coinmarketcap.com/how-to-buy-bitcoin/) to teach you all about crypto and how to buy your first coins.

cVault.finance

Trust Wallet

MetaMask

Ethereum

Shiba Inu

Chainlink

Uniswap

Pepe

Immutable

Ethena

Wormhole

Aave

Lido DAO

Maker

JasmyCoin

Gala

FLOKI

The Graph

Apes Go Bananas

XDAO

Ketaicoin

OmniCat

IX Swap

DFI.MONEY, also known as YFII, is a fork of popular decentralized finance (DeFi) aggregator platform yearn.finance (YFI).

Launched in July 2020, it aims to optimize returns for DeFi investors while adhering to changes proposed in an upgrade plan called YIP-8.

In addition to protocol changes, DFI.MONEY has also released new products, chief among which, the Vault, it describes as its “killer product.”

The native token of DFI.MONEY is YFII, a fixed-supply token which liquidity providers earn in accordance with their network interaction.

DFI.Money

MiL.k

Wrapped NXM (wNXM) is a 1-to-1 backed token that can only be generated by wrapping genuine NXM.

NXM can only be traded among Nexus Mutual members, while wNXM is fully tradable but can't be used at all within the Nexus Mutual protocol.

Wrapped NXM

ABBC is a blockchain platform that enables secure payment transactions, helping to facilitate retail adoption of cryptocurrencies and make shopping online with digital assets a safer, more enjoyable experience for end-users.

The platform offers three main products: a multi-platform wallet capable of supporting Bitcoin (BTC) and Ethereum (ETH), in addition to a variety of other native cryptocurrencies and ERC-20 tokens; an online shopping application that can be used to shop at over 50 online retailers with cryptocurrencies; and a cryptocurrency exchange platform that offers secure trading and low transaction fees.

The ABBC Coin was created to give holders the ability to govern the development of the ABBC platform by delegating voting power to chosen block producers (BPs) — who are then able to vote on governance proposals. These governance proposals can be on a range of topics but might include launching strategic partnerships, implementing new features or expanding ABBC's services to new regions. Beyond this, ABBC Coins were created as a reward system for online shoppers and can be staked for regular rewards.

ABBC is currently based on the EOSIO blockchain, which enables it to achieve up to 5,000 transactions per second (TPS) while remaining environmentally friendly due to its energy-efficient delegated proof-of-stake (DPoS) consensus mechanism.

ABBC Coin was initially known as Alibabacoin but changed its name in March 2019 following a dispute with Chinese multinational e-commerce giant Alibaba.

ABBC Coin

Function X is mirroring traditional financial products on the Function X network and creating decentralized financial products and a decentralized trading system. It is a highly customizable and expandable multi-chain architecture blockchain network (subnets) that can meet different business needs.

Function X

Bifrost is a multichain middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. Not restrained to a single blockchain, Bifrost creates a new environment where developers can combine the best protocols to develop substantially more scalable and flexible DApps.

With Bifrost, developers can write smart contracts for multiple blockchain protocols in an unified environment. They simply select the target blockchain for each part of the code, then Bifrost will transpile, compile, and deploy the code into the target blockchains at once. Developers can also easily operate their DApps and even switch the target blockchain as new and better protocols become available.

Bifrost has multiple components that allow for a seamless connection among all blockchains:

Recipe: A language application that defines the programming language of Bifrost and generates smart contract codes with guaranteed code-level flexibility.

Linker: A system that connects the user and Bifrost components, ensuring the seamless operation on top of multiple blockchains.

Builder: An Integrated Development Environment (IDE) that offers a customized environment to use the comprehensive suite of features of Bifrost.

Gourmet: An automated testing environment for Bifrost service and smart contract development, updating with the latest technologies for blockchain.

Scan: A dashboard that provides you with a full view of the internal process of Bifrost and shows your blockchain interconnectivity in diagram.

Bifrost

Jinbi Token

Strike is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several markets supported by the platform.

When a user deposits tokens to a Strike market, they receive sTokens in return. These sTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive sETH in return. Over time, the exchange rate of these sTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Strike pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 80%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Strike

YFDAI is an entire permission less DeFi ecosystem that combines Staking & Farming services and soon, Lending/Borrowing services, SafePredict, and Insurance together with their own DEX called SafeSwap and their own LaunchPad where legitimate projects in the DeFi space can launch their new vetted projects with contract audits, locked liquidity and locked dev tokens in time release smart contracts.  Whereas other DeFi protocols rely upon minting new tokens to sustain their staking and farming rewards, YFDAI has allocated tokens for these products which will be replenished with fees generated by the ecosystem. YFDAI also has a deflationary burn mechanism built into the platform that will ultimately reduce the total supply to just 13,950 tokens.

YFDAI’s mission is to clean up the DeFi space by de-risking the purchase of new projects by performing due diligence vetting and requiring adherence to the same protocols that YFDAI itself adhered to on their launch.  YFDAI’s motto is ‘no more exit scams or rug pulls.’

YFDAI.FINANCE

ThunderCore

xDai is a cryptocurrency that is pegged to the US dollar. The xDai chain is a stable payment blockchain that is designed for fast and inexpensive transactions. STAKE is secured by proof-of-stake consensus. xDai was founded on Oct. 1, 2018.

STAKE is a multi-chain staking token that is designed to secure the payment layer. Staking allows validators and delegators to provide transaction consensus and receive staking incentives for block production. It is only required for consensus providers, not everyday on-chain transactions.

xDai was created by the POA Network, an open-source public side-chain of Ethereum founded in April 2017. It offers a framework for smart contracts which provides developers with an easy and effective way to code on Ethereum, while also leveraging the POA Network capabilities.

STAKE

NEST Protocol

BytomDAO

QuadrantProtocol

Hifi (formerly Mainframe) is a Lending Protocol that allows anyone to borrow against their crypto. Hifi uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate, fixed term lending and borrowing — something much needed in decentralized finance today. It is anticipated that a ticker symbol change will occur alongside future iterations on the Hifi Lending Protocol.

Mainframe Token (MFT) is the native utility token that is used for:

Governance votes

Staking to ensure the safety of the protocol

Rewarding contributors to the ecosystem

What can you do with the Hifi Lending Protocol:

Borrow:  Lock collateral in a vault to mint fixed-rate, fixed-term debt tokens.  These debt tokens can be swapped for instant liquidity allowing users to leverage long, yield farm, or pursue other strategic trades without selling their collateral tokens.

Lend:  Buy fixed-rate, fixed-term debt tokens for a discount.  When the term expires they can be redeemed for face value, earning lenders a predictable return on their investment.

Provide Liquidity:  Earn trading fees by providing liquidity between debt tokens and stablecoins on an Automated Market Maker (AMM).

Mainframe

Ardor

Kleros (PNK) is a decentralized dispute resolution project that launched in July 2018. It is an open-source online dispute resolution protocol that uses blockchain and crowdsourcing to adjudicate disputes fairly.

Kleros offers a middleman service for decentralized applications (DApps) and their users. If the service provided by the application does not create a dispute, Kleros acts as a trustless third-party service for payment.

When a dispute does occur, however, each party can apply for arbitration through the Kleros arbitrators that are selected from the owners of PNK tokens. PNK is an Ethereum-based ERC-20 utility token with a fixed supply.

At this point, the jurors can make a decision that will favor either party. The arbitration fees are distributed to all arbitrators in the form of ETH; jurors who have issued a minority decision lose part of their PNK tokens for the benefit of the majority of jurors. This decision can be appealed, at a cost. The stated mission of Kleros is to offer easier access to justice and improve individual freedom.

Kleros charges a cost that is payable in ETH and is provided by the parties to the dispute or drawn from the funds previously locked in escrow.

Kleros

MediBloc (MED) is a South Korean-based decentralized blockchain protocol for the healthcare industry through which medical institutions can securely transfer, collect, store and manage data. With MediBloc, physicians can access patient information, medical history, prescribed medication, insurance issues and more. MediBloc makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments and more.

The ecosystem is built on three key elements: MediBloc Core (a layer for storing data and providing additional storage), MediBloc Application (a layer for accessing and managing data through various applications), and MediBloc Service (a layer applying smart contract technology that connects the other layers and allowing input and output of data).

The platform offers three categories of accounts: for general users (patients), healthcare providers (doctors and medical institutions) and data scientists, the latter two require proof of their accreditation. The project is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users sovereignty over their own data. MediBloc is compliant with the HIPAA Security Rule, the Health Insurance Portability and Accountability Act.