Categories
Aggregator Ethereum Service

What is COMBO token used for?

How Furucombo uses the COMBO token. Furucombo is an aggregator with drag-and-drop interface where users can perform multiple DeFi actions.

COMBO token is


COMBO is the governance token of Furucombo.

COMBO token is used for


  • Share fees collected on Furucombo
  • Governance
  • Premium features on Furucombo

How could value accrue to the COMBO token?


Governance tokens can provide cashflow to token holders through protocol fees.

Fees

  • Currently no fees.
  • Furucombo will charge fees for performing Combos on the app.

Rewards

  • Tokens rewarded to Furucombo contracts, such as BAL, UNI, SNX, etc;
  • fee rebates received from protocols, such as the partnership with Aave, Synthetix’s volume program, etc.

What is Furucombo?


A drag-and-drop interface for performing several DeFi actions in one click (called combos).

How Furucombo works


Furucombo is similar to a DeFi aggregator (like Yearn or Harvest). The difference being that anyone can create complex strategies for yield generation without coding.

  • Drag-and-drop cubes on the combo page to create a multi-layered transaction.
  • On the explore page users can use pre-built transactions as starting points.

Some of the actions users can choose from

  • Flashloan
  • Swaps
  • Loan
  • Deposits
  • CDPs
  • Borrow

Furucombo can interact with Aave, Uniswap, MakerDAO, Compound and more.

Read more in this step-by-step guide.

Future

  • Let users pool capital in a user’s combo. A particularly good strategy could receive a grant from Furucombo.
  • Scale to crosschain combos.

More here.

COMBO Isssuance


Max supply: 100 000 000

  • 26% – Core Team & Future Hire (vested)
  • 2.5% – Advisors (vested)
  • 19,5% – Investors & Shareholders (vested)
  • 52% for Community Growth

4% of the community portion is allocated to a Balancer smart pool public token sale.

More on this here.

Docs


Combo token price


Crypto taxes

You really need to understand crypto taxes before you start trading. Koinly (affiliate) was the only service that solved our problem with crypto and DeFi tax. It's easy to use and you can try it for free.