With the DeFi boom in full swing, there have been a slew of projects jumping on to bandwagon. An interesting project I found was Flamingo Finance which was tweeted about by Da Hongfei. (Apparently, NEO has been helping to develop this project.)
Unfortunately, not a lot of information is available about this project.
My question, however, is: Why is NEO creating an entirely new platform or coin when it could just develop a platform based on the NEO token or leverage another platform on an existing network like Switcheo.
Any thoughts on this?
I was wondering before why NEO started pumping and then came across this post. Switcheo was not that successful so I think they are trying to go a different way this time with DeFi?