--- Originally posted on August 26, 2025, 18:52:29 before merged ---
Here we go: LP tokens as collateral with Flamingo Lend is now live!
Another amazing feature has gone live on Flamingo Finance - Now you can use your LP tokens (which you get when staking on Flamingo, most or all DEX do it like that)
and use it for minting FUSD. This way it´s possible to earn even more, depending on your strategy.
What´s possible? Example:
1. Stake on Flamingo to get great APY
2. Use the LP tokens you get to mint FUSD
3. Buy crypto with minted FUSD - for example NEO
4. Double earn (through staking, which of course keeps going, and with holding NEO)
"We’ll start by rolling out one LP collateral option to start: FLP-bNEO-FUSD. Over the coming weeks and months, we will continue to review and roll out more LP collateral options. Stay tuned for further announcements."
FLP-bNEO-FUSD: 3% interest, 75% Max LTV, 80% liquidation LTV
Information and Announcement:
https://medium.com/flamingo-finance/flamingo-finance-announces-lp-tokens-as-collateral-in-flamingo-lend-unlocking-new-defi-a1f7fd30f1e4This marks a huge milestone on the 2025 roadmap. But what´s next?
- Flamingo Cross-Chain Bridge: Set to launch in late 2025 or early 2026, enabling risk-free token swaps across multiple blockchains.
- Flamingo DAO: Empowering FLOCKS holders to shape the protocol’s future through decentralized governance.
- SmartFLOCKS and Trading Bots: Tools to optimize yields and automate trading strategies for our community.
EDIT: For clarification purpose
"So what happens is the Lend contract stakes it for you 🙂
and you get 80% of your staking rewards, as stated in the announcement article
But since you don't have access to the tokens if you have them staked, you cant then add them as collateral. You have to add them as collateral "first" then Lend stakes them for you.
So the flow is then:
Add liquidity > Get LP tokens > Add them as collateral > Lend contract stakes it for you."
A message from the team regarding the latest Javascript /crypto attack (Spoiler: It didn´t effect Flamingo or Neo blockchain)
"🛡️ Security Update: Flamingo Finance Not Affected by Recent NPM Supply Chain Attack
Dear Flamingo Community,
You may have seen news about a recent supply chain attack on NPM that impacted extremely popular open-source libraries such as chalk and debug. The malicious code was designed to target EVM-based wallets (like MetaMask), specifically by attempting to hijack transfer transactions initiated through window.ethereum.
✅ After reviewing Flamingo’s frontend code and live deployment, we can confirm Flamingo Finance is not affected.
Here’s why:
Flamingo only uses EVM connections (via wallet extensions like MetaMask) for cross-chain transactions.
These cross-chain flows do not rely on direct EVM transfer transactions, which is what the malicious code attempted to exploit.
We’ve thoroughly checked our live deployment and confirmed that no affected package versions are present.
🔒 What you should do as a user
Always carefully review transactions before signing them in your wallet.
Be extra mindful when using browser extensions and ensure you trust the source of the dApp you are interacting with.
✨ Safe to Use Flamingo
Flamingo remains safe to use, and you can continue your activities on the platform without concern regarding this incident.
As always, security is our highest priority, and we will continue to monitor the ecosystem closely to protect our users." Mod note: Merged consecutive posts with original dates/times preserved.
