Re: Flamingo Finance (FLM): Innovative DeFi on the NEO Blockchain by
on
19/05/2025, 17:15:43 UTC
Another week, another update from our hard working Flamingo Team.
Announcement: https://medium.com/flamingo-finance/flamingo-update-may-19-2025-94841850ca9a
Most important information:
"You can now directly mint FUSD with USDT on Flamingo. Users can mint FUSD with either USDT on Neo N3 or with USDT on Ethereum.
You can now also unwrap FUSD to USDT on Neo N3."
Also:
"On Wednesday, May 21, 2025, we will remove Bonus APR from pools on Flamingo and adjust FLM minting down to 86,400 FLM per day."
> Current minting: 146,880 FLM/day
"When Bonus Pool minting is removed, you will no longer get bonus APR from staking in certain pools on Flamingo when having an FUSD loan.
That said, removing Bonus APR will make it more attractive for everyone to stake in liquidity pools on Flamingo (not only to those with a loan)."
"What’s next for Flamingo?
The Flamingo team is always working on improving the platform. Up next, in the coming weeks, you’ll be able to add various LP tokens (tokens you get from adding liquidity to liquidity pools) as collateral to Flamingo Lend, and borrow FUSD against them. Keep an eye out for more announcements ahead!"