THELOGICALINDIAN - Flurry Finance is announcement an agitative development in the apple of DeFi as the acknowledged barrage of the rhoToken marks a abutting akin change in crop accession Users are now able to advisedly acquire barter and absorb drop tokens while agriculture after restrictions or alcove periods The approaching of crop agriculture has arrived
The Debut of the rhoToken
rhoTokens are called to stablecoins on a 1:1 base and abutment 3 kinds of stablecoin deposits. Users can now use the Flurry Finance DApp to catechumen USDT, USDC, and BUSD stablecoins into the agnate rhoTokens of rhoUSDT, rhoUSDC, and rhoBUSD in adjustment to acquire acquiescent assets through the Flurry Protocol’s crop aggregator after the accepted hassle, complications, and aerial gas fees associated with lending tokens to altered DeFi lending protocols and exchanges directly.
To absolutely explain this momentous occasion, it’s important to apperceive how the rhoToken differs from added crop agriculture drop tokens. At its best basal form, the rhoToken is a drop badge that operates on the abject of a called amount and adaptable supply. This agency that while earning yield, the cardinal of rhoTokens in a user’s wallet changes, with afresh becoming rhoTokens rebased into users’ wallets at 8:00am UTC everyday. This differs from best acceptable crop agriculture drop tokens, whose ethics change while earning yield, and are accordingly accountable to alcove periods area they cannot be exchanged, spent or redeemed. Since the rhoToken’s abject amount is called and has no lock up period, it can do all of these things at any time!
Beyond the abundant account it offers users, the rhoToken is additionally adjustable in that it supports cross-chain functionality. The admission barrage of rhoTokens will be deployed on Binance Smart Chain. Going forward, the rhoToken will anon be accessible on Ethereum blockchain, MATIC (Polygon) and newer bearing of blockchain networks for added crop options accessible in DeFi space! The Flurry Protocol automatically monitors cross-chain altitude to appraise and analyze the best yields accessible beyond all networks.
To barter for your rhoTokens and to acquire acquiescent altercation chargeless yield, check out the Flurry Finance DApp.
The Road to rhoToken
Flurry Finance set out to actualize the approaching of crop agriculture by breaking bottomward user barriers in the DeFi space, with the ultimate ambition of allowance activation on accumulation adoption. To this end, in July 2024, Flurry Finance aloft $3 actor in berry annular including AU21 Capital, Genblock Capital, CoinUnited.io, One Block, Soul Capital, and Dutch Crypto Investors, in adjustment to calibration the Flurry Protocol Crop Aggregator.
One ages after in August 2024, Flurry Finance formed a affiliation with Polygon to calibration up cross-chain crop agriculture functionalities. Ultimately the affiliation helps the Flurry Protocol break the affair of crop agriculture breach beyond siloed networks, and abundantly reduces fees complex at the aforementioned time. In the aforementioned month, Flurry Finance began alive with Kyber Network in adjustment to added optimize cross-chain crop agriculture by authoritative use of Kyber’s Market Maker – KyberDMM, which offers abounding clamminess at low slippage ante and transaction costs.
Then on September 6, 2021, Flurry Finance launched an IDO for the $FLURRY Governance Token. The accessible auction was abundantly received, and $FLURRY is now trading on Uniswap, Pancakeswap, & Gate Exchange.
Now, as of October 11, 2021, rhoTokens are accessible for barter on the Flurry Finance DApp.
About Flurry Finance
Flurry Finance was launched to accomplish the DeFi user acquaintance as acceptable as accessible and advance the account of DeFi products. Flurry issues rhoTokens that are called 1:1 to their basal stablecoin. rhoTokens are cross-chain interoperable, stable, flexible, and accomplish profits for users. The Flurry protocol is advised to assignment beyond chains and present the optimal fee-adjusted allotment for users, automating the annoying assignment of switching in and out of DeFi articles on altered chains.
Website: https://flurry.finance
Telegram: https://t.me/FLURRYFinance_Official
Telegram News Channel: https://t.me/FLURRYFinance_News
Twitter: https://twitter.com/FLURRYFi
Medium:https://medium.com/flurry-finance
Alison Cheng
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