THELOGICALINDIAN - Flamingo adjourned the barrage of its DeFi crop agriculture basement afterwards abundant appeal reportedly comatose one of NEOs official wallets
The barrage of crop agriculture on NEO-based Flamingo was postponed afterwards “heavy demand” active one of NEO’s official wallets, bidding developers to adjournment the barrage by 24 hours.
NEO-Backed Flamingo Postpones Launch
Neoline is an official crypto wallet for interacting with acute affairs on the NEO blockchain. NEO’s aboriginal DeFi project, Flamingo Finance, acquired Neoline’s servers to blast aloof one hour afterwards launch.
NEO’s Flamingo DeFi agreement is composed of Flamincome, Flamingo Wrapper, and crop agriculture vaults. Flamingo is NEO’s attack to accompany yEarn Finance-like capabilities to both NEO and Ethereum. Flamincome and Flamingo Wrapper mirror “Earn” and “Zap” on yEarn Finance.
One day afterwards launch, Flamincome and Flamingo Wrapper reported $100 actor in deposits.
Flamincome provides clamminess provider (LP) tokens to those who accomplish deposits to the platform. LP tokens from Flamincome can be captivated into NEO-based tokens for crop agriculture on Flamingo’s vaults.
Part of this added cartage can be attributed to “mint rush,” a five-day promotional accident originally appointed to activate on Sept. 25 that increases rewards for clamminess providers.
However, one hour afterwards excellent blitz began, NEO architect Da Hongfei announced on Twitter that the barrage would be adjourned afterwards NEO’s capital wallet for interacting with Flamingo Finance crashed:
“Neoline server aloof comatose due to the huge traffic. Your assets are safe and staked in the acute contract. Layer 1 is alive as normal. Please break accommodating and we are alive calm to break these tech problems appropriate now. We will accumulate you updated.”
The added cartage acutely acquired multiple blockchain explorers and wallets to become unresponsive, including Neoline, causing concern amid NEO holders. NEO prices alone 4.2% admitting acceptance from the development aggregation that user assets were unaffected.
The adulterated barrage isn’t the aboriginal instance of poor planning from NEO and Flamingo. On Sept. 23, Flamincome additionally experienced downtime afterwards launch:
“Due to abundant cartage at launch, some user may accept accomplished acting loading issues with the website and constituent wallets.”
Despite the development team’s best efforts to get the activity aback on track, NEO may acquisition it difficult to achieve the market’s aplomb in Flamingo.
