6.3 C
London
Sunday, January 16, 2022

Flurry Finance Deploys on Polygon After Hitting $3M TVL in a Month Since Launch

Must read




[PRESS RELEASE – Hong Kong, Hong Kong, 26th November 2021]



Flurry Finance, a DeFi protocol that provides environment friendly cross-chain yield farming to the DeFi neighborhood, is all set to deploy its software token RHO and its governance token FLURRY at the Polygon community on 1st December 2021.

Since announcing its partnership with Polygon in August to optimize yield farming, Flurry Finance has completed quite a lot of key milestones together with:



  • Mainnet introduced at the Ethereum (ETH) and Binance Good Chain (BSC) networks
  • Product introduced on BSC community
  • Garnered $3 million in overall price locked (TVL) inside of a month of product release

Flurry Finance’s much-anticipated enlargement to Polygon Community Chain involves fruition with the FLURRY governance token and 3 RHO tokens – rhoUSDT, rhoUSDC, and rhoBUSD – changing into to be had to all Polygon customers on 1st December 2021.

“It’s an honour for us to convey a easy, easy-to-use and automatic yield farming interface to the Polygon neighborhood. The benefits that Polygon Community brings will take us a step nearer to reach one among our first mottoes – DeFi for all. We now have been expecting this deployment since we introduced the partnership this August.” stated Mike Ting, CEO of Flurry Finance.

Flurry could also be launching a brand new staking praise marketing campaign, known as the Snowball, to additional incentivize customers.

Main blockchain safety and good contract auditing company CertiK has effectively audited Flurry’s good contracts prior to their deployment on Polygon. The mixing will permit RHO token holders to revel in Polygon’s rapid and safe transactions with low fuel charges, enabling a continuing enjoy inside the higher Polygon DeFi ecosystem.

The growth to Polygon community will convey extra yield farming methods to be deployed, as Flurry Finance expands its footprint within the DeFi area. The approaching deployment on Polygon Community would incorporate methods onto Aave and SushiSwap, that have the biggest liquidity swimming pools at the community chain. The promise of decentralized finance is one among freedom and self choice. Flurry Finance is dedicated to bringing DeFi to the palms of everybody in the world, with a easy interface, optimized yield methods, and decrease fuel charges.

A Fast Recap

Flurry Finance has introduced its governance token FLURRY on each Ethereum community and Binance Good Chain, while RHO token is these days to be had most effective on Binance Good Chain.

The IDO of FLURRY used to be effectively introduced at the Cardano-based launchpad CardStarter on 6 September 2021. Its buying and selling pairs at the moment are to be had on Uniswap, Pancakeswap, Gate.io and MEXC.

The governance token of Flurry Finance has grown abruptly in acceptability with the luck of the preliminary liquidity campaigns of the venture. The FLURRY ecosystem helps to keep rising with new partnerships and a newly introduced praise marketing campaign.

About Flurry Finance

Flurry is a DeFi protocol providing yield aggregation with rhoTokens, which is pegged 1:1 to its underlying stablecoin. To generate the optimum fee-adjusted yield for customers, it automates the tedious job of locking/unlocking and switching out and in of DeFi merchandise on other chains.

Present yield aggregators are restricted to Ethereum-based merchandise or paintings on a unmarried chain, while FLURRY objectives to paintings cross-chain to search for the most efficient yield after price on other chains.

SPECIAL OFFER (Backed)

Binance Unfastened $100 (Unique): Use this hyperlink to check in and obtain $100 unfastened and 10% off charges on Binance Futures first month (phrases).

PrimeXBT Particular Be offering: Use this hyperlink to check in & input POTATO50 code to get 50% unfastened bonus on any deposit as much as $1750.

Source




- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article