Comfy
1. Summary
- Description
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COMFY is an algorithmic stablecoin designed to maintain a peg to the value of ONE via seigniorage. The protocol's underlying mechanisms dynamically adjust the supply of COMFY to control its price relative to ONE. This algorithmic approach aids in achieving price stability by issuing more coins when the price increases and buying them off the market...
COMFY is an algorithmic stablecoin designed to maintain a peg to the value of ONE via seigniorage. The protocol's underlying mechanisms dynamically adjust the supply of COMFY to control its price relative to ONE. This algorithmic approach aids in achieving price stability by issuing more coins when the price increases and buying them off the market when it falls. The item is primarily categorized as a stablecoin, particularly an algorithmic stablecoin within the DeFi space.
Key Features
- Algorithmic Adjustments: The protocol dynamically adjusts COMFY's supply based on its price relative to ONE.
- Peg to ONE: COMFY aims to maintain a stable price relative to ONE.
- Seigniorage: The mechanism uses seigniorage shares to maintain the peg.
- Stablecoin Category: COMFY is an algorithmic stablecoin, meaning it uses an algorithm to keep its value stable, unlike traditional stablecoins backed by assets.
- DeFi Integration: COMFY is part of the DeFi ecosystem, where users can earn yields and engage with other decentralized financial applications.
Functional Overview
- Price Stability: COMFY's price adjusts based on supply and demand to maintain a stable value relative to ONE.
- Seigniorage Shares: Users holding the token participate in maintaining the peg through the seigniorage shares model.
- Market Operations: COMFY's supply is managed through algorithmic adjustments to ensure price stability.
- DeFi Integration: COMFY operates as a stable asset within decentralized financial applications, enhancing the functionality of DeFi platforms.
| Price | |
| 52W High price | $0.18 |
| 52W High date | 4th Mar 2022 (3 years ago) |
| All Time High (ATH) Date | 20th Apr 2025 (1 month ago) |
| All Time Low (ATL) Date | 20th Apr 2025 (1 month ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $1.00 |
How does Comfy's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
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Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 4,751 |
|---|---|
| Active Reddit Users (past 24h) | 5 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 86 |
| Twitter followers | 27,403 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://comfy.money/ |
|---|---|
| Explorer | https://explorer.harmony.one/address/0x702f78e81cf... |
| @VenomDAO | |
| /r/ViperSwap |
What is the correct contract address for Comfy?
| Harmony-shard-0 | 0x702f78e81cf3dfae89648b5a9e2e1aa8db1de546 |
|---|
Has Comfy been audited for security?
No security audits found for this project.
Are you the owner of Comfy? Edit it here
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