FIG DEBUTS AT DEFI STAGES
Dear Friends of Flowcoms,
We are halfway into the FiG presale, and FlowCom has attracted quite a significant amount of attention and interest. Getting investors with vested interest in the FiG and FlowCom ecosystem is just the first step in our journey. The obvious next step is to push for FiG adoption, and expansion of the FlowCom ecosystem. To this end, we are launching a series of Yield Farming options with FiG, connecting it with various DeFi and NFT projects in the Binance Smart Chain (BSC) Ecosystem.
In particular, The Yield Farming went live at 00:00 10th May UTC. FiG holders will be able to stake their (unlocked) FiGs and initially collect yields in BAKE (BakerySwap), REEF (Reef Finance), DODO, LINA (Linear Protocol) and SFP (SafePal). The expected APY may be as high as 28%.
To put everything in perspective, let us provide a quick recap of the aforementioned BSC projects. Linear Protocol (LINA) is a cross-chain compatible, decentralized synthetic asset protocol that enables users to cost-effectively and quickly create, trade, and manage synthetic assets both on BSC and Ethereum. Reef Finance (REEF) is a multi-chain smart yield engine and liquidity aggregator powered by Polkadot. The Reef Finance ecosystem has launched its Reef Chain that integrates with DeFi from Ethereum, Polkadot, Avalanche, Cosmos and Binance Smart Chain. BakerySwap (BAKE) is a decentralized automated market-making (AMM) protocol that puts its primary interest and focus on the NFT markets. DODO is a decentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers. It also caters for new crypto projects with a free ICO listing through its Initial DODO Offering (IDO) which requires issuers to only deposit their own tokens. Finally, SafePal is a cryptocurrency wallet launched in 2018 that helps users to protect and grow their digital assets. They provide both hardware and software wallets, all paired and managed through the SafePal App and was the first hardware wallet invested in and backed by Binance.
These projects have attracted a very large user base, especially in the Binance-centric world. By linking FiG liquidity to tokens of these popular projects, FlowCom expects to be able to tap on their user bases, and simultaneously expose FlowCom user base to additional decentralised services and applications. We believe that the only way to move upwards in CryptoWorld is by banding together.
We at FlowCom are pursuing an inspiring journey, which brings faster, stronger and more meaningful connections to an ever wider user base. Do join us in our quest!
https://flowcom.io/account/signup/kelvintran296