Hello! The Defibox Foundation found the community rumor that Coral Finance was developed or incubated by Defibox. Here, the Defibox Foundation will give a brief explanation, Defibox Foundation is willing to provide assistance in various ways for the EOS community’s DeFi project. Coral Finance is independently developed by the community, it has completed multi-signature of contract and open source code. The Defibox Foundation appreciates this. Therefore, after the Coral Finance project contacted Defibox Foundation, we decided to support it. Since Coral Finance is a community independent project, although the contract has been multi-signed and opened the source, it still cannot guarantee 100% that the smart contract is safe. Therefore, it is recommended that you participate in when the risk is controllable.
In addition, Defibox always puts the safety of user assets in the first place. The current contract has undergone multiple rounds of security audits by PeckShield and SlowMist, and Defibox has united with multiple EOS BPs to achieve multi-signature, which effectively protects the security of user assets.
Defibox is committed to becoming the DeFi basic protocol of the EOS ecosystem. In order to facilitate DeFi developers and the prosperity of the EOS ecosystem, Defibox will soon support LP tokens. All EOS DeFi developers are welcome to develop third-party DeFi protocols based on Defibox's LP tokens. Defibox will provide developers with all-round support such as development funds, contract audits, market promotion and community operations. We expect EOS DeFi to spring up like mushrooms as Ethereum chain!
Thank you for your support and attention to Defibox!
September 6, 2020