New Strategies deployment on Binance Smart Chain and Token Launch on Polygon Network
In this month’s technical update, we’d like to give a little preview of the upcoming deployment of new yield farming strategies to tackle the struggles that new users are facing. Flurry Finance looks to improve these aspects of DeFi in various ways, and we are over the moon to announce our plans to deploy new strategies on Binance Smart Chain and our tokens on Polygon Network in the coming month!
A Quick Recap of Flurry Finance
Flurry Finance is a novel yield aggregation platform. We aim to bring the rewards of yield farming stable assets to the public without the need to continuously unstake, restake and having to pay incredibly high gas fees in the process. In simpler terms, our vision is to provide the best yield ratio for our users.
We accomplish this through our tokens $FLURRY and $RHO. $RHO, in particular, is a 1:1 token that can be minted by exchanging tokens on the platform. The RHOToken generates a passive income to the depositors via aggregating the yield of all deposits, they do not lose value over time, nor do they need to be unlocked and re-staked constantly as they can be directly exchanged like the original stablecoin.
Deployment of New Strategies on Binance Smart Chain
We are in constant efforts to promote new innovative strategies to the DeFi space. As such, we are happy to deploy some new strategies on Binance Smart Chains, which will effectively help lenders earn safe and stable yields and provide borrowers with undercollateralized loans.
Alpaca Finance
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.
Rabbit Finance
Rabbit Finance is a leveraged trading protocol based on lending and borrowing functions. Lending and borrowing, leveraged yield farming and margin trading are the core functions online at present, while more products such as options, synthesis assets and NFT will be launched as planned.
This is greatly beneficial to our community in the future as we will work on minimizing the gas fees needed per transaction in order to maximize or even multiply your yield. As a result, you can amplify your profit potential and provide better results on less capital.
Some key features in consideration include flexibility in deposit options, so you can conveniently convert your assets without the worry of unequal values or the hassle of converting assets yourself. Users can also consider auto reinvesting for a hands-free experience in yield farming, interacting with our platform at ease safely and transparently.
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Deployment of $FLURRY and $RHO on Polygon Network
While we are working hard on improving our platform’s strategies, Flurry Finance is also ecstatic to announce the deployment of our two tokens, $FLURRY and $RHO on Polygon Network! The two coins will be deployed on the same date in the near future.
Polygon Network prides themselves in their position at the forefront of DeFi. Not only do they provide lower gas fees, users are guaranteed secure and stable liquidity on their platform, and they possess incredible potential to grow as a mainstream platform for future DeFi projects. Flurry Finance recognises the strength of Polygon, and is looking forward to partnering with them by deploying our two tokens on their platform for optimized yield farming.
For more detail:
Flurry Finance is committed to providing our community with the best experience possible when interacting with our platform. The deployment of new strategies on Binance Smart Chain, and the impressive feat of deploying our tokens on Polygon Network is only the start to our DeFi journey. We look forward to achieving more.
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: t.me/FlurryFinance_Official
News Channel: https://t.me/FlurryFinance_News
Discord: https://discord.gg/t78aN3dmD2
Website: https://www.flurry.finance/
