Skip to content

Coffin Finance Review: What Does It Actually Do?

Coffin Finance is difficult to assess: its website presents a crypto wallet tracker, while protocol listings describe a Fantom stablecoin project. There is not enough detail to judge its costs or safety.

By the SkyBitcoins review team · Updated

SkyBitcoins rating

Not rated yet

At a glance

Coffin Finance key facts

Coffin Finance key facts
CategoryAlgo Stables
WebsiteWallet tracking; connect a wallet or add an address
ProtocolDescribed as a partially collateralized stablecoin project
ChainFantom
TokenCOFFIN
Value locked$42−1.2% 7d
Audits2 audits listed
Updated

Coffin Finance FAQs

What does Coffin Finance do?

The website presents Crypt Coffin as a tool for connecting a wallet or adding an address to track crypto wallets. It does not explain the tracking features in detail.

Is Coffin Finance still a stablecoin protocol?

Protocol listings describe a Fantom project that used FTM and COFFIN as collateral to mint CoUSD. The website’s wallet-tracking description does not clarify whether that protocol is still operating or connected to the current product.

Is it safe to connect a wallet to Crypt Coffin?

The website offers wallet connection, but it does not publish enough detail here to assess its custody model, security practices or privacy protections. Before connecting, check what permissions the wallet request asks for and avoid approving transactions you do not understand.

Compare

Coffin Finance alternatives

All alternatives
Frax logo

Frax

Algo Stables

Score 5.0 out of 10

Frax offers an Ethereum dollar-pegged token and DeFi subprotocols, but check the live peg, fees and audit scope before using it.

TVL $28.4M−2.6%Ethereum
Ampleforth logo

Ampleforth

Algo Stables

Score 5.0 out of 10

AMPL targets CPI-adjusted purchasing power by changing wallet balances, so it is not a fixed-price or fixed-balance stablecoin.

Ethereum
Generic.Money logo

Generic.Money

Algo Stables

Score 4.8 out of 10

Generic offers configurable GUSD stablecoin infrastructure, but unclear fees, redemption terms and collateral details call for caution.

TVL $13.7K−0.0%Ethereum
SPOT Cash logo

SPOT Cash

Algo Stables

Score 4.6 out of 10

SPOT is an Ethereum low-volatility asset with no dollar peg; check its market, LP and contract risks before using it.

TVL $73.8K+8.3%Ethereum
Stable Beans logo

Stable Beans

Algo Stables

Score 4.2 out of 10

Beanstalk uses credit rather than collateral to target a $1 BEAN price, but users should check network support, costs and contract risks first.

Arbitrum
Basis Cash logo

Basis Cash

Algo Stables

Score 3.8 out of 10

Basis Cash uses supply changes, BAS rewards and bonds to target $1 for BAC, but offers no stated collateral backing.

TVL $206K−0.1%Ethereum

Same category

More Algo Stables

Algo Stables rankings
Blindex logo

Blindex

Algo Stables

Score 3.0 out of 10

Blindex offers multi-currency stablecoin functions on Rootstock, but unclear status, fees and safety details make verification essential.

TVL $10.9K−1.9%Rsk
Mento V2 logo

Mento V2

Algo Stables

Not rated yet

Mento creates stablecoins and offers a Celo asset app, but check fees and custody details before connecting a wallet.

TVL $8.66M−1.9%Ethereum · Celo · Monad +1
Sigmausd logo

Sigmausd

Algo Stables

Not rated yet

SigmaUSD is an Ergo-based algorithmic stablecoin protocol, but check its current fees, redemption terms and security information before using it.

TVL $329K−29.9%Ergo
Ostable logo

Ostable

Algo Stables

Not rated yet

Ostable offers bonded stablecoins on Obyte, but check costs, audits and usage details before committing funds.

TVL $283K+12.0%Other
Frax FPI logo

Frax FPI

Algo Stables

Not rated yet

Frax FPI targets US consumer-price purchasing power, but check its current mechanics, fees and security before using it.

TVL $94.2K−0.2%Ethereum · Arbitrum · Base
Finext Finance logo

Finext Finance

Algo Stables

Not rated yet

Finext Finance is a algo stables project on Arbitrum.

TVL $60.9K−0.1%Arbitrum

Same chain

More on Fantom

Fantom rankings
Aave V3 logo

Aave V3

Lending

Score 7.6 out of 10

Aave V3 offers non-custodial lending and collateralised borrowing, but rates vary and deposits remain exposed to DeFi and liquidation risks.

TVL $15.8B+3.4%Ethereum · Base · Arbitrum +18
Bitget logo

Bitget

Centralized Exchanges

Score 6.8 out of 10

Bitget combines crypto trading tools with other asset products, but check fees, local access and custodial risks before depositing.

TVL $5.78B−0.1%Bitcoin · Solana · Ethereum +68
Drpc logo

Drpc

Infrastructure

Score 6.8 out of 10

dRPC offers managed multichain RPC and self-hosted tools; verify plan limits and security terms before relying on it for production traffic.

Ethereum · BNB Chain · Polygon +18
vfat.io logo

vfat.io

Yield Aggregator

Score 6.5 out of 10

vfat.io combines multi-chain yield discovery and portfolio tools with non-custodial position automation, but check costs and contract risks first.

TVL $31.3M−2.9%Base · Ethereum · Hyperliquid L1 +33
LayerZero V2 logoScore 6.3 out of 10

LayerZero V2 powers cross-chain features in other apps; compare the exact route, fee and security settings before sending funds.

TVL $17.5B+3.4%Polygon · Ethereum · ApeChain +76
WOOFi Swap logoScore 6.3 out of 10

WOOFi offers wallet-based swaps across many networks, but compare each quote and check contract and cross-chain risks before signing.

TVL $3.25M−5.2%Arbitrum · Optimism · Avalanche +13

How we checked

Sources

  1. defillama.com/protocol/coffin-finance(opens in a new tab)

Last updated . Spotted an error? Tell us and we will correct it.