Flamingo Finance (FLM): Innovative DeFi on the NEO Blockchain

[mrxdaunknown]

Flamingo Finance is still working and building to become the best DEX the crypto world has ever seen:

"In addition to FLUND, WBTC, bNEO, FLM, and WETH, Flamingo Lend now includes the following collateral option:

GAS— 6% interest, 50% Loan to Value (LTV), and 55% margin (where borrowers begin getting their margin maintained by others)"

https://medium.com/flamingo-finance/flamingo-lend-update-now-including-gas-as-collateral-2b00c7cb7201

Coming next to Flamingo: Orderbook update / FLOCKS

[mrxdaunknown]

FLM perpetual futures are now live and ready to trade on Kraken exchange:

https://x.com/krakenpro/status/1864739041318441009

Moreover, Orderbook+ update almost ready to launch. Next days public testing.

[mrxdaunknown]

Open Test Phase started:

https://medium.com/flamingo-finance/flamingo-finances-orderbook-2-0-goes-live-on-testnet-86b210fa3737

You are welcome to test the new features  .

[mrxdaunknown]

it has been a long time, but Flamingo Finance finally launched Orderbook+!

Full Announcement here: https://medium.com/flamingo-finance/experience-the-future-of-defi-with-flamingos-orderbook-2-0-now-live-on-mainnet-bbc1babafc15



It´s the first 100% decentralized orderbook on Layer 1 in the whole crypto space! After years in the making, and months of community and team testing, they just did unveil a groundbreaking advancement in decentralized trading infrastructure:
A new block-based, on-chain Orderbook+ on the Neo N3 mainnet.

• You can now trade with fully decentralized order matching. Traders can expect to be able to make limit and market orders with enhanced liquidity routing mechanisms, right on the Neo N3 blockchain.
  It enables order execution directly within blockchain blocks, eliminating traditional exchange intermediaries and reducing latency. Every order, trade, and transaction is permanently recorded on the Neo N3 blockchain, ensuring complete transparency and immutability.
  
  
• For the first time ever, you can now trade completely decentralized, with zero price impact. With traditional AMM trading, trades are made in and out of liquidity pools, causing price impact directly on the coins you are buying and selling. Not with OrderBook+. On OrderBook+, trades are made with other traders’ orders.
  All in all, it feels like trading on a CEX, but you are using a DEX .
• For more information, please read their medium article.

What´s next?

• They just listed the community memetokens $NDMEME and $frank
• FLOCKS, which will integrate a burning mechanism to Flamingo - FLM holders can also profit from Flamingo Finance trading fees

[mrxdaunknown]

Flamingo Finance just launched a trading competition to celebrate their new Orderbook+ launch. It is the first of many future marketing initiatives.

Competition Start: 14:00 GMT, Monday, March 17, 2025
Competition End: 14:00 GMT, Monday, April 14th, 2025

"FUSD! The contest will reward the top 20 participants based exclusively on their claimed MAKER volume.

$5,000 Prizes
At the end of the competition, prizes will be sent based on placements in the leaderboard. The top 20 participants will share a prize pool of 5,000 FUSD ($5,000 USD at the time of writing) as follows:

1st place: 1,500 FUSD
2nd place: 750 FUSD
3rd place: 500 FUSD
4th place: 350 FUSD
5th place: 250 FUSD
6th-7th place: 200 FUSD
8th-10th place: 150 FUSD
11th-12th place: 100 FUSD
13th-20th place: 75 FUSD"

Full announcement and rules: https://medium.com/flamingo-finance/win-5-000-in-flamingos-st-patrick-s-day-orderbook-maker-trading-competition-cf0dc511648d

[mrxdaunknown]

It´s finally here! FLOCKS has launched! Another huge innovation and milestone in the crypto space.

BURN-TO-EARN

"FLOCKS is Flamingo’s dividend-bearing asset. Owning FLOCKS tokens can be seen as owning a piece of Flamingo.
Flamingo users can buy a share of FLOCKS to receive passive income (yield). FLOCKS holders receive this yield from many different sources: platform fees, loan interest, and minting rewards."

Read full announcement here: https://medium.com/flamingo-finance/flamingo-finance-announces-flocks-dividend-bearing-token-and-flund-migration-d41355153378

At the start (first 6 days), FLUND holders can convert FLUND to FLOCKS. Afterwards, everyone can buy FLOCKS for FLM - or to be more precise - burn FLM to get FLOCKS.

At the time of writing, over 12 Million FLM have been burned already!

[mrxdaunknown]

FLOCKS is a huge success! A lot of FLUND holders switched their FLM to FLOCKS and now (after 1 week past) everyone can burn FLM to get FLOCKS. 

The flamingo team has released a chart which is showing the APY of FLOCKS depending on Trading Volume and FLOCKS supply.

Currently (1. April):

* Burned FLM - 42,814,925 (42 Million!)
* FLOCKS APY - 82%

[mrxdaunknown]

Greetings  , we´ve got some amazing news - again!

"FLOCKS Epoch 1 has ended, and Epoch 2 has begun!

Starting now, you can mint FLOCKS with FLM at discounted rate of 1:1.

Currently the plan is for this promotional period to last through Epoch 2 (1 week), but it may be extended.

Let's go burn some FLM, baby! Over 58 MILLION FLM have been burned already! That's almost 2 years of annual FLM emissions! Incredible."

Current APY: 101%

[mrxdaunknown]

The Flamingo team just launched a calculator for FLOCKS.

"Curious about the APY of FLOCKS if X, Y, or Z happens?

Well, now you can play with the parameters and see the calculations for yourself!

Introducing FLOCKS Calculator in the Flamingo Toolbox.

Check it out here: https://flamingo.finance/toolbox/flocks-calculator"



FLOCKS APY: 60%
FLM burned: 94 Million (over 9% of current supply)

[mrxdaunknown]

News, news and even more news! In short summary:

1. "We just made OrderBook+ loading time 10x faster."

2. "You can now buy and sell FLOCKS with limit orders right on Flamingo Finance's OrderBook+! There is a 1% fee associated with all FLOCKS trades.

Trade FLOCKS against FLM here: https://flamingo.finance/trade/FLOCKS_FLM

Learn more about FLOCKS here: https://flamingo-1.gitbook.io/user-guide/flamingo-flocks"

3. "We'll be joining Neo, Ax Labs, COZ, NeoSPCC, and others at the first-ever Centre Point in Dubai!

We're looking forward to collaborating, strategizing, planning, and building great things together.

Do you have a great idea you want to see built on NEO?

Read more about Centre Point here: https://neonewstoday.com/events/inaugural-centre-point-community-gathering-to-coincide-with-token2049-in-dubai/"

As you an see, the team is incredible active  .

[mrxdaunknown]

Another epoch has ended!  News from the team:


"

• FLOCKS Epoch 3 has ended, and Epoch 4 has begun! You can now claim your dividends from Epoch 3 here: https://flamingo.finance/flocks/overview
• BONUS! You will continue to be able to mint FLOCKS with FLM at discounted rate of 1:1 for 1 MORE EPOCH! That's right, the promotional period will continue at least through Epoch 4.
• Let's go burn some more FLM, baby! Over 111 MILLION FLM have been burned already!.

"

[mrxdaunknown]

More news from Flamingo:

> The promotional period for FLOCKS has ended. Now, it will cost minimum 1.1 FLM to mint 1 FLOCKS.

> FLOCKS can also be bought (and sold) with limit order trades on Flamingo's OrderBook+. The team fixed the UI bugs, so now it´s correctly showing in Orderbook+.

What´s coming next?

> New contract for FUSD-USDT, so that you can move huge amounts without loss.

[mrxdaunknown]

FLM has now been listed on BitMart! BitMart is the #16 exchange by volume.

https://www.bitmart.com/trade/en-US?symbol=FLM_USDT

Official Announcement: https://x.com/BitMartExchange/status/1916798599708528701

[mrxdaunknown]

"The first of 24 monthly FLOCKS distributions for Flamingo's Asset Support Initiative have been sent.
These FLOCKS are given to support those who held f- and p-assets and were affected by the Poly Network exploit in August 2024.

https://explorer.onegate.space/transactionInfo/0x7adec8ccfeacb795e337f09dcd5bdc961335f39ca383b0dc6a2d9faa731f0cf7

You can read the Asset Support Initiative article we published after the exploit happened last year here:

https://medium.com/flamingo-finance/poly-network-bridge-exploit-and-the-asset-support-initiative-c80c636255bb"


Also, I asked the team about the different income (fees) for FLOCKS:

100% of all trading
66% of all interest on Lend
66% of all margin maintenances fees
5% of minting
x% of all new stuff like fees from the new cross-chain

And 25% of all the FLOCKS income go to buy back and burn FLM

[mrxdaunknown]

It´s time for marketing. The team just announced the following on Flamingo Discord

"@everyone

I had some community members ask me to announce here when paid ads for Flamingo started again.

Flamingo paid ads officially started (again) today. We're now running paid ads every day on over 700 crypto websites, such as:

coinmarketcap.com
etherscan.io
coingecko.com
geckoterminal.com
dextools.io
basescan.org
beincrypto.com
solscan.io
apespace.io
bscscan.com
whattomine.com
watcher.guru
coinpaper.com
ftmscan.com
cointelegraph.com

And hundreds more.

💪 The ad has already been seen thousands of times on these sites.

Currently the ads we are running are for FLOCKS. More to come for OrderBook+, Lend, and so on."

[mrxdaunknown]

Another week, another update from our hard working Flamingo Team.

Announcement: https://medium.com/flamingo-finance/flamingo-update-may-19-2025-94841850ca9a

Most important information:

"You can now directly mint FUSD with USDT on Flamingo. Users can mint FUSD with either USDT on Neo N3 or with USDT on Ethereum.

You can now also unwrap FUSD to USDT on Neo N3."

Also:

"On Wednesday, May 21, 2025, we will remove Bonus APR from pools on Flamingo and adjust FLM minting down to 86,400 FLM per day."

> Current minting: 146,880 FLM/day

"When Bonus Pool minting is removed, you will no longer get bonus APR from staking in certain pools on Flamingo when having an FUSD loan.

That said, removing Bonus APR will make it more attractive for everyone to stake in liquidity pools on Flamingo (not only to those with a loan)."

"What’s next for Flamingo?
The Flamingo team is always working on improving the platform. Up next, in the coming weeks, you’ll be able to add various LP tokens (tokens you get from adding liquidity to liquidity pools) as collateral to Flamingo Lend, and borrow FUSD against them. Keep an eye out for more announcements ahead!"

[mrxdaunknown]

"FLOCKS Epoch 8 has ended, and Epoch 9 has begun.

💰 Total Epoch 8 Payout: $10,981.18

FLM Burned in Epoch 8: 277,717

You can now claim your dividends from Epoch 8 here: https://flamingo.finance/flocks/overview"

Stay tuned for more news from the Flamingo team  .

[mrxdaunknown]

Another week has passed and the team announced the following:

"FLOCKS Epoch 9 has ended, and Epoch 10 has begun.

Total Epoch 9 Payout: $9,091.78

FLM Burned in Epoch 9: 304,585

You can now claim your dividends from Epoch 9 here: https://flamingo.finance/flocks/overview"

[mrxdaunknown]

Weekly news from the team:

"FLOCKS Epoch 10 has ended, and Epoch 11 has begun.

Total Epoch 10 Payout: $11,025.41

FLM Burned in Epoch 10: 172,454

You can now claim your dividends from Epoch 10 here: https://flamingo.finance/flocks/overview"

The Flamingo developers are also still working on the liquidity pool collateral feature, where you can use your LP/staked tokens

to lend FUSD.

[mrxdaunknown]

It´s time for dividend payout:

"FLOCKS Epoch 11 has ended, and Epoch 12 has begun.

Total Epoch 11 Payout: $11,677.03

FLM Burned in Epoch 11: 250,593

You can now claim your dividends from Epoch 11 here: https://flamingo.finance/flocks/overview"

Any other news? For example: When LP tokens as collaterals for Lend?

Response from the team: "Working on it, it's a very tricky thing to solve, but it is in audit now"