Great news for crypto asset owners on Binance Smart Chain (BSC).
Flurry Finance is now accepting new deposit tokens from Rabbit Finance and Alpaca Finance to expand the usage of yield aggregation with rhoTokens.
New deposit tokens that users can now convert into rhoTokens are:
(Alpaca Finance)
ibUSDT: https://bscscan.com/address/0xa625ab01b08ce023b2a342dbb12a16f2c8489a8f
ibUSDC: https://bscscan.com/address/0x800933D685E7Dc753758cEb77C8bd34aBF1E26d7
ibBUSD: https://bscscan.com/address/0x7C9e73d4C71dae564d41F78d56439bB4ba87592f
(Rabbit Finance)
ibUSDT: https://bscscan.com/address/0xfe1622f9f594a113cd3c1a93f7f6b0d3c0588781
ibBUSD: https://bscscan.com/address/0xE0d1130Def49C29A4793De52eac680880Fc7cB70
Both Alpaca Finance & Rabbit Finance call their interest bearing tokens ibTokens, but they are tokens with underlying assets under different protocols (with different contract addresses).
ibToken hodlers can now convert ibTokens into rhoTokens on Flurry Protocol (FlurryPro), by simply switching the deposit tokens unit under the CONVERT segment on https://app.flurry.financ/earn which will return users in rhoTokens in 1:1 ratio of original stablecoin deposited amount (as RHO is pegged 1:1 to its underlying stablecoin) where yield aggregation for the best interest rate in DeFi space will start automatically.
FLURRY reward rates for rhoTokens hodlers
RhoTokens won’t lock up users’ asset, with an additional accumulation of FLURRY tokens as reward (FLURRY reward) for all rhoTokens hodlers at a rate of 4 FLURRY shared by all rhoToken holders per block minted on Binace Smart Chain.
On BSC, block time is around 3 seconds on average, hence an estimation of total FLURRY reward distributed per week will be:
- 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
(*The processing time for each block on the BSC blockchain varies by a small margin. See here to understand more.)
FLURRY rewards won’t be locked for all rhoToken holders after 9 Feb 2022, whereas FLURRY reward accumulated via holding rhoTokens on or before 8 Feb 2022 will be unlocked accordingly based on different block times on BSC, which is estimated to be within 8–9 February 2022.
What are you waiting for? Go RHO, go vogue.
About Flurry Finance
FLURRY is a DeFi protocol offering yield aggregation with rhoTokens, 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.
Twitter: https://twitter.com/FlurryFi
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Website: https://www.flurry.finance/
