Coconuts Finance

Coconuts is a yield aggregator building on the concept of OHM style protocol owned liquidity and adding some tradfi concepts on top, namely  Contingent Convertibles (CoCo) and Tranches (NuT).

We took Yearn, OHM, contingent convertibles, tranches, put them in a coconut and shook it all up.

With Coconuts you can earn yield, boosted by a rewards token. The rewards token can then be deposited for bonds for 

OHM style APYs.

This way we want to appeal to the whole yieldspace of everyone from stablecoin farmers to OHM fork connoisseurs.

This adds another dimension to (3,3), making it (1,2,3,3).

The protocol has 2 distinct components.

1.CompoundNChill – The yield aggregator

2.Volcano – The protocol owned liquidity and Contingent convertibles implementation