Topic: Flamingo Finance (FLM): Innovative DeFi on the NEO Blockchain (Read 664 times)

Flamingo Finance is still working and building to become the best DEX the crypto world has ever seen:

"In addition to FLUND, WBTC, bNEO, FLM, and WETH, Flamingo Lend now includes the following collateral option:

GAS— 6% interest, 50% Loan to Value (LTV), and 55% margin (where borrowers begin getting their margin maintained by others)"

https://medium.com/flamingo-finance/flamingo-lend-update-now-including-gas-as-collateral-2b00c7cb7201

Coming next to Flamingo: Orderbook update / FLOCKS

Greetings! Huge changes coming to Flamingo.Finance:

https://medium.com/flamingo-finance/flamingo-announces-wave-3-of-liquidity-pool-changes-f-and-p-asset-migration-new-collateral-c7b4ed972d04

For example:

Wave 3 of liquidity pool changes will include the following.

1. Reduce the daily FLM minting rate
Reduce the total FLM minted daily from 357,142 FLM to 146,880 FLM.
2. Reduce daily minted FLM going to FLUND
Reduce the daily FLM minted going to FLUND from 20% to 5.75%.
3. Change minting allocation on liquidity pools
Change the daily FLM minted allocated to many liquidity pools (see the FLM Minting Distribution image above).
4. Remove liquidity pools
Remove 22 liquidity pools in total (see the FLM Minting Distribution image above).
5. Add new FUSD pools
Add FUSD liquidity pools for GAS, WETH, CAKE, SWTH, GM, ONT, WING, and BNB (see the FLM Minting Distribution image above).
And re-add pools for the new versions of f- and p-assets (see the FLM Minting Distribution image above).

For more information, please read the medium article or ask your questions in Discord. 

A long time has passed since I last wrote something  . However, the flamingo team is still very very active and just wanted to let you know about the new Flamingo hackathon:

https://medium.com/flamingo-finance/earn-1-000-gas-in-flamingo-finances-dashboard-athon-9b68f758535e

Flamingo will reward 1,000 GAS+ as prizes ($6,000 at the time of writing). Flamingo will also list links to all winning dashboards, bots, and more on Flamingo’s Analytics page.

1st Place: 500 GAS ($3,000 at the time of writing)
2nd Place: 300 GAS ($1,800 at the time of writing)
3rd Place: 200 GAS ($1,200 at the time of writing)
+ Bonus: If Flamingo loves more than the 3 winning submissions, Flamingo will donate GAS to those builders of other submissions on top of the 1,000 GAS prizes awarded.

What to do:

Build a super slick dashboard, bot, or anything else involving Flamingo Finance and/or Neo Blockchain data, providing whichever insights you think users will find the most useful and beneficial. Flamingo will provide the APIs, documentation, images, a Help Center, and other resources.

To qualify and submit, just direct message (DM) your final links to a Flamingo Team mod on Discord between April 8, 2024 and July 8, 2024.

= deadline July 8.

A long time has passed since anyone did a post here? 
But that doesn´t mean that the Flamingo team isn´t active - on the contrary! They are working hard on the next HUGE THING in the Defi space.

- One of the most innovative thing in Defi (SingleStaking / FLUND) is developing into FLOCKS:

>>> BURN TO EARN  <<<

"One of the core mechanics of FLOCKS is that whenever you buy FLOCKS, you will burn some FLM in exchange for getting future platform revenue — forever."

Sounds interesting, right? Well, if you got curious about it, you are gladly invited to join Telegram or Discord to ask about it  .

- Soon you´d like to have a lot of FLM

- With the burning of FLM, the maximum supply is going to decrease of course

And I haven´t even told you about the Neo X (the new soon to be released sidechain of Neo), which makes everything EVM compatible. Then you can just use your Metamask wallet
on Flamingo and you won´t need a separate Neo wallet anymore.

Read you later  .

Greetings DeFi and Flamingo-Fans,

I know the picture is kinda big, but it´s a huge milestone for Flamingo.finance: Celebrating the 3rd birthday

>> To celebrate the team is launching a $3,333 Zealy Campaign

>> More information about the Zealy Campaign and new Features on Flamingo can be found here:
https://medium.com/flamingo-finance/flamingo-finance-turns-3-3-333-usd-birthday-campaign-on-zealy-and-flamingo-finance-3-0-release-cd497ee0465b

The team is very happy about this milestone, because they worked hard and with huge dedication to build the best DeFi in crypto.

Greetings again, staking friends!

The Flamingo team just released a very short video (30 seconds) about Flamingo FLUND 🚀 performance vs. BTC.

If you bought FLUND 70 weeks ago you would have:
33% more value than holding Bitcoin
158% more value than holding Ethereum
403% more value than holding BNB
1086% more value than holding CAKE

So even in this bear market you could have gotten a lot more with staking FLM on flamingo.finance

https://x.com/FlamingoFinance/status/1702237966561628235?s=20

Next community AMA:

Tuesday, September 26, 2023, 1:00 PM UTC.

https://discord.com/invite/flm?event=1146117558085353592

I´m going to attend as well. Join us, ask questions about DeFi, Flamingo platform, crypto or anything else. 

Unfamiliar with Flamingo? Unlocking The Chain made a great video about the possibly best DeFi in crypto:

https://www.youtube.com/watch?v=2m-3uYWw1eQ

Message from the team:
"🦩 Hey Flamingos!

🎤 Weren’t able to join our live Community Lagoon AMA in August? We’ve got a full recording so you can get up to date with the latest developments and marketing plans on Flamingo Finance!

🎥 Check out the full recording here: https://www.youtube.com/watch?v=tiD5rElEmbU&ab_channel=FlamingoFinance"

Next Community AMA: September 26


You can gladly join the Flamingo Discord and ask your questions  .

The flamingo team is still very active. If you are not following the official channels, you can kindly watch some Youtube shorts about the development.

For example: https://www.youtube.com/shorts/0dQkvwubGms

They are creating a new block parser/aggregtor to improve the user experience. Soon you can even better track your earnings:

"🦩 Hey Flamingos!

🎤 Weren’t able to join our live Community Lagoon AMA in July?

We’ve got a full recording so you can get up to date with the latest developments on Flamingo Finance--now with new and improved video animations to boot!

🎥 Check out the full recording here: https://www.youtube.com/watch?v=Wc8DTgADW5Q&ab_channel=FlamingoFinance "

Additionally, only some hours left for the Flamingo Finance meme contest, where you can win 20 $ - 300 $.

https://medium.com/meme2earn/earn-1-500-in-prizes-in-the-flamingo-finance-meme-contest-on-meme2earn-plus-1-trillion-tips-a4f6263bb7c9

"🦩  Flamingos! We're excited to announce we have just launched the new Flamingo Roadmap! The Flamingo Roadmap provides a crystal-clear way to visualize how Flamingo will evolve over time.

👉 Read all about it here: https://medium.com/flamingo-finance/the-road-ahead-for-flamingo-finance-53b066594714"



"Some of the key additions to the Flamingo Roadmap in 2023 are:

• Marketing, marketing, and more marketing! Including paid advertising (which you’ll notice has already begun) and influencers as well as the current Flamingo Ambassador Program and more.
• Token Auction Offering (TAO)
• Orderbook+ Version 2
• Flamingo Pay
• Flamingo Javascript Library
• Continued Community Lagoon AMA sessions (including recordings with animated video)
• New User Guides and Video Tutorials
  
• New token listings
  And so much more"

Something different for Flamingo.Finance:

" We’re thrilled to announce another upcoming meme contest on Meme2Earn starting Thursday, July 20, 2023, 10:00 AM UTC!

🦩  And the contest topic is... Flamingo Finance!

🏆 Prize Pool: $1,500 USD in FLM and TIPS!"

https://medium.com/meme2earn/earn-1-500-in-prizes-in-the-flamingo-finance-meme-contest-on-meme2earn-plus-1-trillion-tips-a4f6263bb7c9



If you ever wanted to create memes and earn by doing so, it´s your chance now. Also in connection with one of the best DeFi in the crypto space  .

"🦩 Flamingos!

🎤 Weren’t able to join our live Community Lagoon AMA in June? We’ve got a full recording so you can get up to date with the latest developments on Flamingo Finance--now with new and improved video animations to boot!

🎥 Check out the full recording here: https://www.youtube.com/watch?v=LbDC3ClmIo4"

- The team is proud to announce that Flamingo is running for 3 years already! and never had a single hack or exploit!

- They want to further improve the user experience and know what to work on

- They are explaining the Ambassador Program and what would be best to do

- A lot of features in the pipeline (TAO, improved Orderbook,...)

- More marketing plans

Just some keypoints for you, feel free to listen to the 1 hour long AMA yourself  .

So, what´s up next for flamingo?
The team is not sleeping and developing/improving/working on the best defi on Neo (and maybe whole crypto) each day.
On https://flamingo.finance/roadmap you can check their roadmap for this year.

There are still a lot of huge things coming, for example the improved orderbook+ and TAO. I am most excited for the TAO (Token Auction Offering - not Tao Pai Pai or cute panda Tao Tao   ),
because of the great idea to be able to list your own token on the platform, if there is enough demand from the community for it.

Let´s say you have a coin called "FrankCoin" and you want to list it on flamingo. Now you can put it on auction, for example 100.000 coins (from 1 million max supply) and users can bid on it.
1 User might bid 50$ for 10.000 coins
1 User 100$ for 10.000 coins
1 User 200$ for 10.000 coins
etc.

In the end you´ll have an average price of the token and a reverse pool will be created. This way a price pump and dump will be prevented.

From the Flamingo Finance Discord:

"@everyone

🦩  Flamingos! We're thrilled to announce our new partnership with O3 Labs! :flm_party:

⛓️ A liquidity gateway is now open to the Neo N3 blockchain from the 14 EVM chains currently supported on O3 Swap!"

👉 Read more: https://medium.com/flamingo-finance/flamingo-finance-bridges-to-14-evm-chains-in-partnership-with-o3-labs-9b795eb02477



Now you can swap your MATIC/ETH,... for NEO/FLM/... and vice versa. Huge news for the Neo ecosystem (including FLM of course).

"With Flamingo joining forces with O3, Neo N3 users can now interact with more blockchains than ever before, and this will bring more volume to Flamingo.
We think that is a beautiful thing and we hope you do too."

"🦩 Flamingos! We're thrilled to announce our new Flamingo Ambassador Program!

🎗️ Flamingo Ambassadors can earn rewards from a pool of up to $500 USD in GAS every month and earn other exclusive perks.

👉 Read all about it in our new article: https://medium.com/flamingo-finance/flamingo-finance-launches-flamingo-ambassador-program-faa39205391c "

Flamingo.finance team is still working hard to improve the best defi in crypto even more  .

Next Saturday and Sunday (10.06.2023 - 11.06.2023) you can meet the team on the WEB3 Berlin Conference. I´m going to WEB3 Berlin as well, just to meet the team in persona.

More exciting news coming soon. Or just follow the team on twitter/discord.

Long time no post, but here are some news:

1. Flamingo Finance Joins Neo at Consensus 2023


https://medium.com/flamingo-finance/flamingo-finance-joins-neo-at-consensus-2023-a65578065563

"Visit us at the Flamingo pod in the Neo booth to:

- Check out in-depth flamingo.finance platform demos from the Flamingo team.
- Chat with the team about the Flamingo platform and all things Web3 and DeFi.
- Learn about what’s new with Flamingo, from the latest with how to borrow our brand-new stablecoin FUSD, to how to invest in the Flamingo FLUND single-stake fund, and so much more."

2. Flamingo.finance on mobile via NeoLine App

"We’re thrilled to announce that you are now able to use Flamingo Finance on your mobile devices using the NeoLine App!"



3. Flamingo.finance at Web3 Berlin Conference

" Flamingos! We're thrilled to announce that we're sponsoring and speaking at Web3 Berlin!
Members of our team will join the event, hang out at the Flamingo booth, and join discussions on stage."


https://medium.com/flamingo-finance/flamingo-hits-the-stage-at-web3-berlin-conference-a4cfc08c199d

New staking rewards are working well: FUSD went from 1.25 to 1.04 and the 1:1 peg is very close.

= 20% profit on a stablecoin if you saw this opportunity.

Mr.Google — today
"@everyone We are ready to launch the new staking contract for FUSD on Wednesday (Around 07 - 10 UTC), Articles and documentation will come on Wednesday as well.

As a user, you will see a notification every time you load Flamingo that you need to merge your FUSD staked assets, it's a one-click solution.

Minting will move from the old pools to the new pools at the same time as the new staking contract goes live."

https://flamingofinance.medium.com/fusd-optimization-993bc5d49636

FUSD optimization


https://flamingofinance.medium.com/fusd-optimization-993bc5d49636

The demand for the new FUSD stable coin is still higher than the supply, which leads to a depeg. Currently you get 1.20 USDT for 1 FUSD. The team wants to change that of course.

They are planning to split the FUSD pool rewards into two: normal rewards and borrower’s rewards. This should increase the minting of FUSD and lead to a 1:1 peg again.

When? The contract audits start on Wednesday and the team plans to release the new FUSD pools/rewards on early February.

PS: Of course they could fix it in a minute by allowing USDT as collateral, but they are building the the world’s first truly decentralized stablecoin.

Updates, updates, updates. Team always working, always delivering.

Update 1) "As per the tokenomics of the token, Flamingo will decrease the minting rate of FLM, which will decrease inflation of the token."

Read all the details in the new Medium article: https://medium.com/flamingo-finance/flamingo-lowers-flm-inflation-rate-of-minting-3427cbb3657a

>> The FLM minting rate will decrease on Tuesday, January 17, 2023 at 9:00 AM UTC. <<

This will drop the FLM Monthly Inflation Rate from 2.55% to 2.34% (to 335,714.28 FLM minted per day.)


Update 2) The FLM-Lend-Bot in Discord is live.

Now you can check loans for different wallets and set a ltv warning.

Here are the commands:
/check_loans
/ltv_warning
/ltv_warning_off

The launch of FUSD was a great success!

As you can see on the pictures, the total transactions really spiked. Also you can still get an awesome APY on the FUSD-FUSDT pool or even more on the other ones.


13.01.2022 11:00 am UTC

"atlazor — today
@everyone

- It’s here! We’re thrilled to announce the release of Flamingo’s very own stablecoin: FUSD!

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

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

The team has finally released the long awaited FUSD stable coin! Tomorrow the rewards for the liquidity pools will be activated too. A huge milestone for NEO, FLM and the whole crypto space  .

The team has prepared some tutorials, so everyone can understand how to use it:

Video: https://youtu.be/CuXVS8odl-c

User Guides: https://flamingo-1.gitbook.io/user-guide/v/master/user-guides/fusd-loans

They are working on the final touches:

"bordois —

The long-awaited $FUSD is almost here! $FUSD will release on January 10th along with four brand-new liquidity pools. Minting for the new pools will begin on January 11th.

Read more about the pools: https://medium.com/flamingo-finance/flamingo-finance-announces-second-wave-of-liquidity-pool-changes-including-fusd-d68549df0344

Read more about the protocol and lending: https://flamingo-1.gitbook.io/user-guide/v/master/flamingo-stablecoin-fusd "

Promo Video: https://twitter.com/i/status/1611006602093514752

As promised:

"Flamingos! While we wait for a final check, we want to invite the community to a public test phase for Flamingo Lend and $FUSD

The test phase will last until mainnet launch early next year. More info on how to test on our Discord: https://discord.com/invite/4XNqQjwEjF"

- You can get test funds for the testnet and then test it

EDIT: VIDEO about $FUSD test -> https://www.youtube.com/watch?v=sNj9hrJlkFk



Mr. Google: "We are trying to create a decentralized stable coin.

Currently, Dai is not decentralized as > 70% of its collateral is backed by centralized stablecoins.
USDT, USDC, BUSD are all centralized stablecoins.

To make a coin that is stable it cannot be a speculation aspect, so therefor, FUSD should not let gamblers be allowed to gamble as that would jeopardize the integrity of the stable coin.

That other platforms allow > 50% is in my head just insane as you can then get undercollateralized if you do round robins (lend, by collateral, lend more, repeat), that just shows that they do not take the Stable aspect seriously since that can with small market changes de-peg the whole token"

Answer to a question, why 35% is maximum. Gladly join discord and ask your questions.

So we still need to wait for FUSD (better safe than sorry), but they are releasing a full version on Testnet next week.

https://flamingo-1.gitbook.io/user-guide/v/master/flamingo-stablecoin-fusd

I´m skipping the explanations about "What´s a stablecoin, what´s a collateralized stablecoin etc. You can read it, when you follow the link.

"We explain what FUSD is and the concepts behind it.
​
FUSD is a decentralized, over-collateralized USD stablecoin developed by Flamingo on the Neo N3 blockchain.

FUSD’s value is collateralized by mainstream Neo N3 assets tradable on Flamingo — FLUND, bNEO, and fWBTC. FUSD can be minted by anyone whose connected wallet holds at least one of these tokens.

To mint FUSD, users must open a Vault. A Vault is associated with a specific collateral asset, such as FLUND. Users can then deposit the collateral asset and mint FUSD as a loan against the collateral. At the time of writing, users can open up to three Vaults — one Vault for each collateral token. Vault owners can make partial or full repayments of their FUSD loan(s) at any time.

Interest Rates
The FUSD protocol charges interest rates depending on the collateral token:
bNEO: 4%*
FLUND: 6%*
fWBTC: 6%*
* Simple interest (APR): based on the principal amount of a loan only and does not include compounding interest. FUSD interest rates compound on every mint/repay/maintenance operation, so the compounded interest (APY) may be slightly higher.

Loan-to-Value
To ensure the solvency of the protocol (the ability to pay one’s debts), FUSD can be minted at 35% of the value of the collateral asset. For example, someone who deposits $1,000 of fWBTC can mint a maximum of 350 FUSD ($350 USD). This ratio ($350 / $1,000 = 35%) is called the Loan-to-Value.

Vault owners can withdraw collateral at any time, as long as it does not make the Loan-to-Value less than 35%. In order to withdraw all collateral, users must repay all outstanding FUSD he or she was loaned.

If the Loan-to-Value of a Vault becomes greater than 40% due to market movements, the Vault becomes eligible for margin maintenance. In other words, anyone can maintain a margin on any Vault by transferring FUSD if the Loan-to-Value of that vault becomes greater than 40%. For example if Jack opens a Vault, Jill can maintain Jack’s margin if Jack’s Vault goes above 40% Loan-to-Value.
Up to 50% of outstanding FUSD on loan of a Vault can be repaid by a maintainer. In our above example, if we have 350 FUSD backed by $1,000 fWBTC and the fWBTC drops by half, we now have 350 FUSD backed by $500 fWBTC, making a Loan-to-Value of 70%. A maintainer can send 175 FUSD to receive $175 of fWBTC and a 5% bonus, or a total of $183.75 of fWBTC for their efforts.
Margin maintenance on Vaults incur an 8% penalty. That is, 92% of the FUSD sent by the maintainer will be burned and deducted from the Vault balance, as if it were a simple repayment. The remaining 8% will be kept by the platform. In the previous example, 161 of the 175 FUSD sent by the maintainer will be deducted from the Vault’s outstanding balance and 14 will be kept by the FUSD platform.
Vault owners can always keep track of a Vault’s Loan-to-Value percentage on the platform. We will also configure a discord bot on the to help vault owners follow along there.
Disclaimer: The discord bot is just an informational source and can, at any given time, be offline or not be able, for some reason, to warn you. It can also provide wrong information. It is always your responsibility to check on your loans."

You are kindly invited to join the flamingo discord (https://discord.com/invite/xGp9gbM) to ask your questions. Or ask them here and I´ll forward them to the team.
FUSD is a huge milestone for the Neo blockchain and of course for the awesome Defi flamingo.finance!

"Flamingo Finance Announces Second Wave of Liquidity Pool Changes Including FUSD"

https://medium.com/flamingo-finance/flamingo-finance-announces-second-wave-of-liquidity-pool-changes-including-fusd-d68549df0344

What will happen in the second wave?
The second wave of liquidity pool changes will include the launch of the FUSD stablecoin, brand new FUSD liquidity pools, and some minting adjustments to the existing pools.

"FUSD Stable Coin Launch
The anticipated FUSD, Flamingo’s USD pegged stablecoin, will finally launch in the second wave. It will launch under a brand new Lend-section on flamingo.finance, where you can lend FUSD by using different assets as collateral.

Flamingo will launch with four different supported assets that can be used as collateral. Interest rates for loans will be different depending on the collateral you use, and the rates are as follows:

bNEO: 4%*
FLUND: 6%*
fWBTC: 6%*
* Simple interest: based on the principal amount of a loan only and does not include compounding interest.

Stay tuned to read more about FUSD and how it works in a new article."

Flamingo team on fire again. In the next days, we´ll finally see the long awaited stablecoin FUSD.

Would love to give you a PR service at an affordable for any new updates you have or even on such a piece https://twitter.com/FlamingoFinance/status/1593545990291824640?s=20&t=4ntWgQBA6QO7N9qC3ugdTA
Reach me on Telegram @ICO_Services

" atlazor — 10:41
@everyone

We’re thrilled to announce some changes being made to our liquidity pools, including the addition of $BNB pools!

This is the first wave of a four-wave series as we get ready to launch $FUSD. Stay tuned!

Read more: https://medium.com/flamingo-finance/flamingo-finance-announces-first-wave-of-new-liquidity-pools-including-binance-chains-bnb-3499d3cd4ce0

Tweet: https://twitter.com/FlamingoFinance/status/1592090151076986882 "

Hey DeFi-fans,

flamingo.finance is still working hard and building:





atlazor (developer): "The Asset Actions is being revamped to makes space for lending

Lending (FUSD) is starting to look good and we are getting closer and closer to release"

More information coming soon. 

Long time no post, but that doesn´t mean there are no news  . According to Mr. Google:

Mr.Google — 24.10.2022
"We are in the 4th audit round now, and it will take approx. 2 weeks, after that its final polish of the UI (If all goes as planned)

FUSD has taken a lot of time and has been a huge project, making it secure is important since we only get one try, so we can't compromise security over the delivery time.

The whole @Mods had a chat and we know that we need to be more active on Twitter as well and that will be improved from today. When it comes to discord it's no issue as we are always here"

That means, we´ll soon have the stable coin "FUSD" backed by yield bearing FLUND tokens. That´s huge, because the Neo blockchain really needs a good stable coin.

There currently is an event running with the Poly Network: https://medium.com/flamingo-finance/flamingo-parties-with-poly-network-6d99708569dd

"What
To join the party, just initiate cross-chain transactions on Flamingo. To initiate cross-chain transactions, just wrap or unwrap assets. It’s that simple.

When
August 8, 2022 at 3:00 UTC — September 8, 2022 at 3:00 UTC.

Rules
Flamingo will reward the top 100 addresses based on cross-chain costs from August 8th at 3:00 UTC to September 8th at 3:00 UTC.
We will gather all transactions in the period mentioned and distribute a prize pool of $1,000 to be paid in FLM tokens.
The top 100 addresses share of the prize pool is based on how much the user paid in their transactions compared to the total transaction costs of the top 100. For example, if a user has 10% of the transaction costs compared to the total transaction costs, that user would receive a $100 prize.
Other dApps will also participate in the Poly Network Voyage 2nd Anniversary event in their own ways. Each dApp that joins the event will have specific award rules to select winners and distribute prizes.

Prizes will be awarded to users of the Poly Network ecosystem. Besides from the individual dApp contests and prizes, Poly Network will also reward the top 1,000 addresses based on cross-chain costs (including source chain transaction fees and target chain transaction fees) with Poly Network NFTs!"

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



From the medium article:

"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) 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

Completely On-Chain (Bot Free)
Unlike other DEX order books, Flamingo’s OrderBook+ is run completely on-chain and does not require you or any other users to run a bot to execute orders. Many other order book implementations, such as those on Sushi and PancakeSwap, require a separate bot network to execute orders. Not OrderBook+.

Guaranteed Execution Order
Because OrderBook+ does not require bots to execute orders, it can guarantee that the orders are executed in the order they are placed in the order book, resulting in a fair order execution mechanism for both small and big traders.

Zero-Spread Trading
OrderBook+ leverages the Automated Market Maker (AMM) to create a zero-spread order book. In “zero-spread trading”, traders can trade without a difference between bid and ask prices.

Because OrderBook+ combines with an AMM, the order book can empty and still allow for trading.

Benefits the Platform
OrderBook+ also gives fees to the Flamingo Flund, a community-owned decentralized fund on Flamingo, which benefits the entire Flamingo platform.

Should I Use Convert or OrderBook+?
Convert will still make asset conversions using the AMM (not the order book). This helps the GAS fee stay low for small conversions, as the order book can be more GAS heavy but again will counter the price with a much lower price impact for larger orders.

When to use Convert
For small amounts or if you are feeling lazy (fewest steps involved).

When to use OrderBook+ (market order)
When you want to go from token A to token B quickly and want a lower price impact.

When to use OrderBook+ (limit order)
When you have a fixed price you want for token A in token B.

When NOT to use Convert
For large amounts, as the conversion will go directly to the AMM, and the price impact will be higher than using a market order that uses the AMM plus the order book (but has a higher GAS cost).

When NOT to use OrderBook+ (market order)
For small amounts (has higher GAS cost) or if you have a fixed price you want for a token.

When NOT to use OrderBook+ (limit order)
When you want another token as soon as possible.

Note: There is a $10.00 USD minimum to execute limit orders.

So, if you’re looking to bring your trading skills to the next level using a block-based order book on a DEX, Flamingo’s OrderBook+ is exactly where you’ll want to be."

Hey guys, just wanted to give you a FLUND calculation (maybe will do it every few months).

"Minting rewards for the Flund will begin on Friday, April 29, 2022 at 12:00 UTC."

So let´s say FLUND did start about 1st May. 1 FLUND = 1 FLM

1st August 1 FLUND = about 1.26 FLM

That means: 3 months = 26% increasement

1st May 1 flm = 0.17$
1st August 1 flm = 0.20$

Example: Let´s say you did invest 10.000$ in flm on the 1st May and did stake your flm into FLUND.

Start: 10.000$ (1st May) 10000/0.17 = 58.823,53 flm (1 FLUND = 1 FLM) = 58.823,53 FLUND

Now: 1st August -> 58.823,53 FLUND * 1.26 = 74.117,65 FLM

74.117,65 FLM * 0,17$ would have been 12.600$, but flm did rise during this time too.

74.117,65 FLM * 0,2 $ = 14823,53 $

That means, your initial investment of 10.000$ did increase about 50% in 3 months. Not half bad, right? Let´s see what´s going to happen in the next 3 months.



Also some news about FLUND: https://medium.com/flamingo-finance/flamingo-flund-exit-fee-to-increase-to-2-a5db53b123bf

That means: Long-term holders are going to profit even more from FLUND. Especially with the orderbook in the next days.

From the flamingo discord:
"Mr.Google — 10:25

We have a lot of cleanup and technical debt we need to pay after all the new stuff we made. So our plan is:
1. Orderbook
2. FUSD
3. Cleanup code
4. Implement multi wallet view + manual (same for mobile page (not OneGate))
And I forgot all the new pairs with bNEO, FUSD + new cross chain tokens"

On https://flamingo.finance/roadmap you can also see their roadmap. 

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  . They

have got all required information from the flamingo team.

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.

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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
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