Flamingo Finance (FLM): Innovative DeFi on the NEO Blockchain - page 3.

mrxdaunknown

copper member

Activity: 71

Merit: 1

Yeah and I really like the long term vision of it: "There is a 0.5% exit fee to discourage short term investors and possible exploits."

And I totally agree with your statement about how they are trying new and innovative DeFi products. Hopefully CoinMarketCap will finally list them as a DEX exchange in the next time. It took them long enough Roll Eyes

. They

have got all required information from the flamingo team.

MrSunshine

sr. member

Activity: 1181

Merit: 259

The Flamingo Single-Stake Fund (Flund) looks like an interesting fund. Flamingo looks like they are trying new and innovative DeFi products - great to see.

mrxdaunknown

copper member

Activity: 71

Merit: 1

_______________________________________________________________________________ _
disclaimer: Hey guys, I just noticed there is no flamingo thread on bitcointalk and of course there should be one.
I am not the owner or developer, just a participant in the project
_______________________________________________________________________________ _

Flamingo.Finance - Innovative DeFi on the NEO blockchain

https://flamingo.finance/

Flamingo Docs (Flamingo Litepaper, How to Set Up a Neo Wallet, How to Buy FLM Tokens, Swap):
---- https://docs.flamingo.finance/ ----

Social Media:

Twitter: https://twitter.com/FlamingoFinance
Discord: https://discord.gg/flm
Medium: https://medium.com/flamingo-finance/
Reddit: https://www.reddit.com/r/FlamingoDeFi/
Telegram: https://t.me/flamingo_finance
YouTube: https://www.youtube.com/c/FlamingoFinance

What is Flamingo (FLM)?

Flamingo Finance is a Decentralized Finance (DeFi) platform where users can convert assets, wrap assets, provide liquidity,
and earn yield through staking.

The Flamingo token (FLM) functions as the rewards token users can earn by adding liquidity to liquidity pools
and staking their liquidity pool tokens (LP tokens).

Flamingo's SmartStake feature enables users to perform all of these actions in a single click.  
The platform facilitates automated transactions between cryptocurrency tokens on the Neo N3 blockchain
through the use of smart contracts. The project was initially launched by Neo Global Development* (NGD),
underscoring Neo's vision to build the Smart Economy, of which DeFi is a crucial component.
It has been in development for almost 2 years!!

*Neo Global Development (NGD) is the execution arm under Neo Foundation.

https://coinmarketcap.com/currencies/flamingo/

FLM Tokenomics

https://flamingo-1.gitbook.io/user-guide/v/master/flm-tokenomics

There is a hard cap of 1 Billion FLM tokens, to be minted and released into circulation over the next 17 years.
The total supply will be fully minted and released into circulation by the end of 2039.
At the time of writing, 337.6 Million (about 1/3 of the total supply) FLM tokens have been minted and are in circulation.
The current annual inflation rate (July) is 3.1%. Come December, 2022, the annual inflation rate will drop to 2.55%.
The annual inflation rate will continue to decrease monthly until January, 2033. It will then drop again January, 2037, and again October, 2039.
All 1 Billion FLM tokens will be minted and released by the end of 2039.

Why Flamingo.Finance?

>>> It has been built on one of the fastest and best smart contract blockchains - NEO <<<

>>> High APY / high interest rates - currently 15%-115% (with restaking even 200%+) <<<

>>> Own Stablecoin FUSD (a decentralized, over-collateralized USD stablecoin)

>>> Great team behind it - which is improving the platform even while you´re reading this line <<<

>>> Easy to use and innovative Shocked

- see below for "Flamingo Flund Single-Stake Fund" and "Advanced Trade - Orderbook" <<<

>>> Useable on mobile via OneGate Mobile App - you can convert, stake, earn, claim rewards, and more, directly from your mobile device <<<

>>> Flamingo Bug Bounty Program - up to $1,000,000 USD rewards (to ensure a safe and trustly platform) <<<

>>> 1st July 2022: Users can now buy crypto with fiat on Flamingo.Finance!
"With Inst.Money, you can now buy crypto instantly. It’s fast, easy and secure, and right on Flamingo." <<<

Flamingo Flund Single-Stake Fund

First and foremost, the Flamingo Flund is a DEX-Traded Fund (DTF), similar to an Exchange-Traded Fund (ETF).
Investors can invest FLM into the Flund to earn FLM yield.

https://flamingo-1.gitbook.io/user-guide/v/master/flamingo-flund-single-stake-fund

At the start, 1 FLM = 1 FLUND, currently 1 FLM = 0.84 FLUND. The value of FLUND is increasing over time, the more users use the platform.

"The FLUND tokens will increase in FLM value since it represents the investor’s share of the Flamingo Flund.
The Flamingo Flund grows every time a trade is made on Flamingo. For example, when someone trades 1,000 GAS to NEO on Flamingo,
they pay a fee of 3 GAS, of which 0.5 GAS (~16%) goes to the Flund. When investors enter or exit (buy or sell) the Flund, the assets that
have accumulated from fees, etc. will be converted to FLM (which we call a settlement) if certain conditions are met."

Example:

You bought 1000 FLUND for 1000 FLM at the start of FLUND (worth $100 at that time).
After 6 months you want to sell your FLUND with an APY of 100%.
Now 1 FLUND = 1,5 FLM, thanks to many fees from the platform users.

You get 1500 FLM now (worth 150$, if FLM price stays the same) So after 6 months, you get 50% return on your investment.

= No fear of impermanent loss.

FUSD stablecoin

- Launched 10th January 2023

- FUSD is a decentralized, over-collateralized USD stablecoin developed by Flamingo on the Neo N3 blockchain

- The value of FUSD is backed by the most prominent Neo-N3 assets tradable on Flamingo — FLUND, bNEO and fWBTC.

- FUSD can be generated by anyone whose connected wallet contains at least one of these tokens. Up to 35% of the value of the crypto assets used can be lent.

Example: I have $10,000 worth of bitcoin and can now deposit it and mint up to $3500 worth of FUSD and lend it. Of course, interest is due (it’s a loan).

You can read more about it here: https://flamingo-1.gitbook.io/user-guide/v/master/flamingo-stablecoin-fusd

An easy-to-understand video of the process is also available: https://youtu.be /CuXVS8odl-c

- Learn more: https://medium.com/flamingo-finance/flamingo-finance-defi-releases-usd-stablecoin-fusd-49d61657a2c4

Advanced Trade - Orderbook

https://medium.com/flamingo-finance/advanced-trade-now-live-on-flamingo-finance-a4264a564cfd

"Advanced Trade is a new trading section for advanced traders on Flamingo.Finance where you can search for and select trading pairs,
see data on the price history of trading pairs, execute trades, and more!"

August 9 2022: Flamingo Finance Now Supports Limit Order Trading with Revolutionary OrderBook+

https://medium.com/flamingo-finance/flamingo-finance-now-supports-limit-order-trading-with-revolutionary-orderbook-f741c213926d

A Block-Based Order Book

Flamingo’s OrderBook+ is a first-of-its-kind, block-based order book that leverages the powers of the Neo N3 blockchain to make on-chain limit orders without bots.

As the plus sign in OrderBook+ suggests, there’s a lot more to the brand-new Flamingo feature other than being able to just place limit orders.

Flamingo’s OrderBook+ combines the powers of an Automated Market Maker (AMM) (read more here) and limit orders to create optimal decentralized trading conditions. The result is an order book with zero-spread and automated market making whilst letting users still trade like they are used to by placing limit orders.

Limit Orders

OrderBook+ allows users to create limit orders for any trading pair on the Flamingo Decentralized Exchange (DEX). A limit order is an order to buy or sell a token at a specific price or better. Just set a bid-price or ask-price and wait for your order to be executed.

OrderBook+ will open limit order trading with a few selected pairs, but more will be added in the days and weeks following the launch.

The launch pairs are:

bNEO/FLM
FLM/fUSDT
bNEO/fUSDT

More about the Orderbook in the stated medium article.

The Team

The current team did take over from the original NGD team about 1 year ago. NGD wanted to pass on flamingo to the community, and mr.google
already created a few tools for them (smartstake). He then applied to take over flamingo and built a team around it. The real takeover happened about 8 months ago.
-> https://neonewstoday.com/general/mymingo-submits-application-to-manage-and-maintain-flamingo-finance/ <-
Mr.Google and some of the other flm members are doxxed, but do your own research.

Thanks for reading Wink

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