COPS Finance: The Next Big Player of DeFi

8 min readApr 2, 2021

COPS is a DeFi protocol and ecosystem that embodies the decentralized finance vision by allowing anybody with an internet connection to use DeFi services. COPS is one of a kind in that it offers a completely stable and open DeFi experience, complete with audited smart contracts and an indomitable token lock system.

Many people who aren’t acquainted with blockchain technologies mistake cryptocurrencies and the DeFi craze for the latest “hot investment,” similar to the “dot.com” bubble. Others are fascinated by the possibility of Satoshi Nakamoto vision becoming a reality. COPS’ goal is to use its Cop Swap exchange and Launchpad services to eliminate fraud in the emerging token issuance industry and to eventually achieve real decentralization by giving users access to banking services like lending, investing, and saving while receiving respectable returns on their savings.

Many fads and trends have come and gone in the cryptocurrency space over the years. Although several different cryptocurrency models and ventures gained initial traction, only a handful were able to maintain their popularity and become a regular “necessity” for ordinary users. In the form of Decentralized Finance, a revolutionary opportunity has introduced a new age of decentralization of blockchain and cryptocurrency usefulness (DeFi). The majority of banking services are now accessible via blockchain. The DeFi movement in general, and the COPS protocol in particular, can destabilize the legacy economy banking cartel’s existing monopoly over conventional financial products.

DeFi — The Ultimate Blockchain Frontier

The Decentralized Finance (DeFi) trend has swept the cryptocurrency world in 2021. DeFi is catapulting the cryptocurrency industry into the next step, conceding it to start delivering on its long-awaited promise of challenging the legacy financial structure. A modern inclusion-based structure is evolving by incorporating smart contracts into financial processes and replacing the positions of intermediaries, who are both inefficient and prevalent in the conventional financial system.

COPS Finance — The next big player of DeFi

COPS’ main use case is the ability to access banking services that were previously only available via centralized financial institutions. Anyone with a cryptocurrency wallet and an internet connection can now use banking services. Our smart contract is audited by Blockchain Consilium, one of the most reputed smart contract audit firms. Also, $571k Liquidity is already Locked on unicrypt network. Users would be able to borrow, lend, stake, and farm with ease and confidence using COPS Finance.

Why COPS Finance?

With COPS Finance, consumers get various perks and benefits. This makes it n appealing DeFi protocol. Some features of COPS Finance include:

1. Staking:

The COPS Finance protocol allows users to stake COPS to earn a generous ROI of either 60% annually, 5% per month, or 0.16% daily on their stake amount.

Many yield staking/farming pools seem to have a higher APR return on the surface. These incentives, on the other hand, serve as an “introductory APR cost” to draw liquidity, and are typically depleted with time as a result of expanded token circulation from minting, which debases current tokens by inflation.

With this in mind, all of these platforms’ yields may normally decrease over time. Users can benefit from getting a set return amount on their COPS token stakes thanks to COPS. These returns are guaranteed to be sustainable and delivered according to COPS’ tokenomics before the burn cap of 13950 is reached, after which point the pools will close and new pools based on LaunchPad tokens will appear.

COPS Finance was created to simplify the staking process. The process only involves a 72-hour lockup period, which starts when staking begins. After the maturity period has passed, the user can withdraw the tokens and also the interest earned at any time. Although tokens are staked all over the platform, earned rewards may be collected at any time for nothing besides the gas fee. Due to demand pursuing a decreasing supply, stacked tokens often reduce the circulating stock, which has a positive effect on the market.

The following is the breakdown of the staking process:

Staking Fee (COPS)

The staking fee is gathered and burnt after every 3 months.

Stake Entry Fee: 1.5%

Stake Exit Fee: 0.5%

Minimum Stake Lockup: 72 hours

Every three months, the COPS tokens received by staking fees would be burnt. When each burn is completed, the transaction information will be recorded in the COPS official Telegram Announcements channel. Once a total stock of 13,950 COPS Tokens has been exhausted, all burns will be halted.

COPS Staking would be long-term feasible because it is not based on COPS token inflation beyond a certain stage. This is owing to the ongoing burn mechanism, which seeks to wipe out all COPS tokens obtained by staking and farming. To get steady returns over time, there must be an “income” to cover inflation. Staking incentives will be provided across a range of ecosystem payments, including a 1% fee in the LaunchPad project tokens, with 40% of the tokens used for staking, until the initial pool of 5595 COPS has been allocated through staking.

2. Accessibility:

The COPS protocol is set up in such a way that various pools and stake choices may be delivered for a longer period. COPS provides a convenient and gratifying user experience by combining an easy-to-use user interface with detailed guidance.

3. Security:

The COPS protocol has many purposes, one of which is to maintain project security. COPS’ one-of-a-kind “LaunchPad Management” system protects new start-up project tokens with a set of time-locked smart contracts, ensuring a secure and comprehensive protocol.

COPS has been audited and certified by Blockchain Consilium, a leading blockchain auditing firm, to ensure the highest reliability. All new start-up projects will be subjected to the same security protocols to launch on LaunchPad. Finally, COPS promises to offer bug bounties to anybody that can find and highlight code inconsistencies, as well as quickly patch them to prevent protocol vulnerabilities.

4. Intuitive Governance Model:

The COPS network is reliant on a flourishing society. COPS will adapt to an out-of-the-box on-chain voting system that has flexible voting criteria to promote a balanced ecosystem. This governance model is unique in that it allows for cost-free voting that can be verified by COPS holders.

5. NFT Farming:

Non-Fungible Tokens are digital or real-world properties that have been tokenized. Even though we explained what NFT is in-depth in the introduction, what distinguishes COPS Finance from other ventures is we still have NFT Farming.

A Non-Fungible Token is a unique commodity that cannot be exchanged for other properties of the same kind. Trading card games, digital art, and video game avatars and add-ons have all been used in NFTs in the past.

Non-fungible tokens are used to establish verifiable digital scarcity, digital possession, and asset interoperability through platforms. NFTs are used in a variety of applications that include unique digital objects, such as crypto art (rare art), crypto-collectibles including CryptoKitties, crypto-gaming, and now, with COPS NFT 2.0, as a bonus for long-term farmers.

6. Farming:

Farming has been one of the main factors propelling the DeFi space forward. Simply stated, yield farming is a technique of benefiting from token holdings. You will earn incentives by COPS farming if you have liquidity in several pools. For COPS farming services, there are 1,455 COPS in total rewards. To start, these tokens will be dispersed among four Pools, with all Farmed tokens being burned at some point.

7. Lending:

COPS is developing a two-way network between depositors/lenders and borrowers. Borrowers may access collateralized mortgages that are over or under-collateralized, while depositors and lenders can earn a passive income while providing liquidity. Lending is made easier than ever before by using the COPS platform. Lending with COPS offers a plethora of benefits as users can receive fixed interest rates, partial liquidations in case volatility strikes, and convenient access to loans.

8. COPS LaunchPad:

Through distributing tokens and offering legal blockchain finance services, the COPS LaunchPad ecosystem aims to help up-and-coming projects who want to get involved in the crypto space. COPS LaunchPad is a crowd-funding platform where customers can buy tokens for startup projects at a lower price during a pre-sale period. To prevent early rug pulls and exit scams, the LaunchPad protocol monitors the ETH created during the pre-sale, allowing pre-sale buyers to contribute in a healthy and stable atmosphere.

COPS Finance will help these new start-ups meet the highest standards through securing their tokens in fully audited smart contracts and upholding the appropriate Tokenomic schemes depending on the project’s specific use-cases and complexity across a range of advisory and production services. Projects who meet these stringent standard criteria will be eligible for the Cop Swap exchange and other special COPS accelerator programs.

9. Low Market Capitalization:

DeFi has developed itself as one of the essentials for a decentralized future. Finding legitimate DeFi projects in the early stages to increase profit opportunities is one of the key priorities for DeFi fans. COPS Finance is primed to become a DeFi guru in the space, with ease of access and full security.

10. COPS Token Distribution:

A total of 6,150 tokens would be eliminated from the ecosystem as a result of the interactions. Any transaction will immediately collect tokens for burning, which each smart contract that controls the following services will keep in a dedicated wallet. Every three months, the entire contents of this wallet will be burnt, along with a note in the COPS Telegram Announcements channel and a Medium post on the official Medium page.

COPS Tokenomics

Total Supply- 18,000

Circulating Supply- 18,000 (At time of publishing)

Uniswap- 4860 (27%) fully distributed.

Staking & DAO- 6300 (35%) Locked under smart contract.

Development- 3,240 (18%) Used for development and exchange liquidity.

Marketing- 900 (5%) 8 month lock.

Team & Advisors- 2,160 (12%) 12 months vesting.

RESERVED- 540 (3%) used for incentives and emergency funds. Unlocked

Conclusion

COPS Finance provides you an excellent DeFi opportunity, whether you’re local to space or an experienced DeFi veteran. COPS is poised to become a well-known project in the space, thanks to its low token supply and deflationary measures, as well as its generous staking rewards, Cop Swap exchange, and Launchpad. COPS understands the importance of setting an example, which is why its stringent and stable practices, as well as its innovative Launch Pad infrastructure and Cop Swap exchange, would resonate in the market. Users can access a variety of services via the COPS protocol, including farming, borrowing, lending, staking, and many more. Investing in COPS is an investment in a whole ecosystem, not just a protocol.