Neo's Flamingo Decentralized Finance Protocol Wealth Generator! $FLM $NEO

3,157 Views · Posted 4 years ago
Flamingo is an interoperable, full-stack decentralized finance protocol built on the Neo blockchain. Flamingo is composed of five main components, including Wrapper - a crosschain asset gateway, Swap - an on-chain liquidity provider, Vault - a one-stop asset manager, Perp - an AMM-based perpetual contract trading platform, and also DAO - a decentralized governance mechanism. FLM is the governance token of Flamingo and will be 100% distributed to the community based on participation.

Flamingo is based on Neo, which launched the Poly Network, an interoperability protocol together with Ontology, and Switcheo Network. Designed as a clustered DeFi protocol, Flamingo innovatively integrates the liquidity pool in Swap and the collateral pool in Vault. Flamingo will distribute FLM 100% based on contribution to the platform with 0% pre-mining or team reserve. FLM distribution in the early stage will be determined by the Flamingo Team, and the long term distribution of FLM will be determined by DAO through FLM voting.



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