The FIRST Innovative derivatives platform on BTC layer2

Official Project Introduction

Coral Finance is a decentralized trading platform specializing in Premium Trading. Deployed on the Bitcoin layer two — BEVM, as the first derivative product in the ecosystem, it empowers Bitcoin and BRC-20 assets through Premium Trading. Premium Trading provides crypto projects with a dependable, non-inflationary liquidity solution that supports sustainable development. The platform prioritizes core values for its users, including asset growth, risk management, and capital efficiency, in its strategy to enhance liquidity and attract DeFi users over time.

The strategy involves creating asset premiums to incentivize various market participants (such as users, institutions, market makers, etc.) to provide liquidity for native assets. This approach also addresses the issue of high rewards typically associated with traditional liquidity mining. Furthermore, the protocol is designed to absorb a high volume of trades and market fluctuations efficiently.

Market Heat

Coral Finance is the first independent ecosystem project incubated by Zebec Labs with a $1.5 million investment. Zebec Labs has invested in only two ecosystem projects so far. Coral Finance is the only external investment. This external investment highlights Zebec Labs' recognition and emphasis on Coral Finance. Coral Finance was the first derivatives platform to be deployed on BEVM and was awarded the “Best DeFi Project of the Year” by the Web3 FutureFi 2023 Summit. The platform boasts a vibrant and high-quality community of over ten thousand active users who are actively involved in exploring new ways to engage with the project. The community showed strong support for the project, demonstrated by their significant contribution of 1 million USD in last year's Coral NFT Sale, featuring the Tyndall Pass Card.

Industry Sector Analysis

Defi

Decentralized Finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. In the U.S., the Federal Reserve and Securities and Exchange Commission (SEC) define the rules for centralized financial institutions like banks and brokerages, which consumers rely on to access capital and financial services directly. DeFi challenges this centralized financial system by empowering individuals with peer-to-peer transactions.

According to data from defillama.com, in the span of 3 months, there has been a remarkable increase in the TVL in DeFi protocols. This value surged from $37.46 billion on October 20, 2023, to a substantial $57.91 billion at present(Jan 30, 2024). It's noteworthy that 56.22% of the total value in DeFi is concentrated in the Ethereum blockchain. As the defi landscape evolves, uncertainty still looms over its future trajectory. Despite a strong growth pattern in TVL, evident since October 2023, there’s been a noticeable deceleration since Jan. 10, 2024. Slowdowns like these can cast doubt on the sustainability of the current growth trend in defi. Whether this burgeoning sector can maintain its momentum remains an open question, but so far, the growth has added over $20 billion in value over the last 3 months.

As for DEXs, TVL has also made substantial growth. This value surged from $9.61 billion on Nov 4, 2023, to $14.65 billion, a significant 52.45% in less than three months.

Team

Products

Premium Trading

Premium Trading is an innovative DeFi trading protocol pioneered by Coral Finance. It creates a leveraged trading environment for digital assets, enabling users to apply trading strategies for considerable gains. At the same time, premium trading constructs token deflation scenarios for project developers, effectively supporting their long-term, healthy development.

This refers to the price disparity between the native token and the cToken. Theoretically, the premium is limitless, ranging from 1x to infinity. However, since the premium is influenced by the initial liquidity of the premium pool, it typically does not deviate significantly from the actual value of the native token. In a manner akin to Uniswap and other DEXs, the individual who initially establishes the premium pool has the ability to set its premium rate.

cToken

Using $CORL as an example, users can stake $CORL in a pool to receive $cCORL on a 1:1 basis. The initial pricing of $cCORL is set to be 2-5 times the value of the original token, offering significant arbitrage opportunities. The $cCORL obtained through staking are locked and can be unlocked by providing liquidity on Coral Finance, which determines the rate at which the locked $cTokens are released. Users can redeem their locked/unlocked $cCORL at any time, and upon redemption, the $cCORL is destroyed.

Cross Swap

Coral Finance's first product is its decentralized omni-chain exchange, named Cross Swap. This platform enables users to trade a variety of tokens seamlessly across multiple chains, including the BNB chain, Ethereum, Polygon, Arbitrium, and others, without relying on a CEX.

Cross Swap brings several key advantages to its users:

Trading in substantial volumes with low fees: Cross Swap maintains a transaction fee of just 0.1% while also minimizing the bridge fee based on the network's gas fee you are trading with.
Access to premium pools: Coral Finance is dedicated to providing a one-stop experience for users to swiftly trade the tokens they desire with instant access to premium pools.
Reduction of friction costs: The platform reduces the need for numerous transfers and interactions with potentially risky unknown protocol links, as well as decreases the amount of gas fees required across multiple chains.

Within a month of launch, the platform achieved a trading volume of $900,000, with over 5,000 transactions made by 1,700 unique .

Roadmap

Tokenomics

Allocation & Vesting Schedule

$CORL token has a maximum supply of 500 million;
Early Investor(13%): TGE unlocks 10%, locks up for 6 months, then releases every quarter within the next two years.
Community Sale(6%): TGE unlocks 5%, locks up for 5 months, then releases every month within the next year.
IDO/IEO(1%): TGE unlocks 20%, then releases monthly in the next 6 months.
Community Incentive(5%): Release periodically; details to be announced.
DAO Reserve(8%): TGE unlocks 10%, then releases monthly in the next three years.
Liquidity Mining(47%): Releases based on network status.
Ecosystem Fund(5%): TGE unlocks 10%, then releases monthly in the next three years.
Team(15%): Locks up for 6 months, then releases monthly in the next four years.

NFT Sale

Tyndall Pass Card

On August 22, 2023, Coral Finance launched its first NFT sale — the Tyndall Pass Card. The Genesis NFT collection has 1,000 in total supply, which were priced at $1,000 USD each and sold out on November 27, 2023. Nearly 300 community members have participated in the sale, and the collection features several benefits to its holders:

Ownership of 25,000 $CORL, which brings the project valuation to at least $20 million.
VIP Events: Get access to VIP events and campaigns as a Tyndall PASS holder.
Early Access: Be ahead of the curve with early access to specific features.
Treasury Airdrop Tyndall Pass Card holders can reap rewards from premium pools. Expect a generous airdrop of high-quality assets, including but not limited to CMC TOP800 cryptocurrencies, Stocks at HKEX (RWA), and more.

Coresky is the world's first asset-packaged NFT Allocation and trading platform. Coresky NFT Allocation has begun to break the FT/NFT boundary with a variety of promising projects that are brought out to the public.Getting your projects out in the middle with Coresky NFT Allocation could give you a lot of things to cherish.

Learn More About Coresky:

Website:https://www.coresky.com/

Twitter:https://twitter.com/Coreskyofficial

TG Official:https://t.me/Coreskyofficial

TG Channel:https://t.me/CoreskyLaunchpadChannel

Discord:https://discord.gg/coresky

Medium:https://medium.com/@CoreskyLaunchpad