Coffer

Research, firm shelf, model-client eligibility, and advisor selection are recorded separately. The scheduled date is the outside bound; new evidence can reopen the file sooner.

Coffer is outside the current firm shelf because its structure maps to the amm-lp policy class. This is a firm-policy classification, not an adverse quality rating and not a client trade instruction. The factual mechanism, control, loss, and exit evidence is retained below.

Research triggers: events that reopen the assessment or shelf decision
• The firm shelf policy for pooled two-sided liquidity changes
• Coffer publishes an audited single-asset claim whose redemption does not depend on pool composition at withdrawal

The research file

Mechanism applicability

Coffer pools hold as many as ten tokens at configurable weights and use virtual balances so providers can concentrate liquidity inside a price range. A provider therefore owns a basket whose composition rebalances against traders across that range, and whose redeemable value depends on where price sits when they withdraw. That is the amm-lp economic claim with more assets and a narrower range, not a different claim.

Current observation and perimeter

The DefiLlama protocol API read on 2026-09-15 classified Coffer as Dexs and reported approximately $115k on a Solana-only perimeter, listed on 2026-05-15 with no recorded audit. The yield survey the same day placed every observed Coffer pool under the amm-lp rule. Solana is approved with limits, so the settlement layer is not the binding reason.

Control and exit applicability

Concentrated range liquidity converts into the weaker side of the pair as price leaves the chosen range, and a ten-asset weighted pool multiplies the number of ways that happens. Swap fee and protocol fee share are configurable per pool, so the return a provider sees depends on parameters the pool creator sets. No audit is recorded, which limits the contract evidence available for any deeper review.

Firm shelf classification

The amm-lp class is outside the current firm shelf. Research describes the product; firm policy determines shelf eligibility; client constraints determine the candidate set; and the advisor alone selects any action or amount.

Sources

The claims above trace to these. Where a number could not be independently verified, the thesis says so.

• DefiLlama — Coffer record · secondary · accessed 2026-09-15
  Supports: protocol identity, current TVL, Solana perimeter, Dexs category, weighted multi-token pools, configurable fees, no recorded audit

Inherited controls

The research above describes the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The most administered layer sets the position’s effective control grade; that is a control description, not a quality or suitability score.