New APR for FLURRY reward
Users who are familiar with the Flurry Protocol should be well aware of the $FLURRY rewards which have been automatically accumulating as gratitude for supporting Flurry Finance.
In this case, a new FLURRY reward APR rate has been adjusted and here are the details:
On BNB Chain (BSC)
Block time is around 3 seconds on average*, hence an estimation of the total FLURRY reward distributed per week will be:
For rhoToken Hodlers by Depositing on Earn
- 4 FLURRY tokens per block will be rewarded to rhoToken holders on BNB chain by depositing on EARN
- Seconds in a day 86400 divided by 3 blocks* = 28,800 blocks a day on average.
- 28,800 blocks multiplied by 4 $FLURRY tokens = 115,200 tokens given in a day.
- For a total of 806,400 $FLURRY tokens a week
For Staking on Snowball
- 3 FLURRY tokens per block will be accumulated on BNB chain by staking FLURRY on Snowball
- Seconds in a day 86400 divided by 3 seconds/block = 28,800 blocks a day on average.
- 28,800 blocks multiplied by 3 $FLURRY tokens = 86,400 tokens given in a day.
- For a total of 604,800 $FLURRY tokens will be accumulated in a week
Polygon
Block time is around 2.3 seconds on average*, hence an estimation of the total FLURRY reward distributed per week will be:
For rhoToken Hodlers by Depositing on Earn
- 8 FLURRY tokens per block will be rewarded on Polygon by depositing on EARN
- Seconds in a day 86400 divided by 2.3 seconds/block = 37,565 blocks a day on average.
- 37,565 blocks multiplied by 8 $FLURRY tokens = 300,520 tokens given in a day.
- A total of 2,103,640 $FLURRY tokens will be accumulated in a week
(*The processing time for each block on the BSC blockchain varies by a small margin. See here to understand more.)
FLURRY reward won’t be locked up anymore for rhoToken users on both Polygon (MATIC) and BSC network. rhoToken hodlers can repeat the above steps to compound their interest anytime they want.
About Flurry Finance
FLURRY is a DeFi protocol offering yield aggregation with rhoToken, which is pegged 1:1 to its underlying stablecoin. It automatically farms for yields without locking up funds or interest earned by diversifying DeFi product risk, resulting in lower gas fees.
We automate the tedious task of locking/unlocking and switching in and out of DeFi products on different chains to generate yield. Current yield aggregators are limited to Ethereum based products or work on a single chain, whereas FLURRY aims to work cross-chain to look for the best yield after cost on different chains.
Contact Us
Twitter: https://twitter.com/FlurryFi
Telegram: https://t.me/FlurryFinance_Official
News Channel: https://t.me/FlurryFinance_News
Discord: https://discord.gg/t78aN3dmD2
Website: https://www.flurry.finance/
