It should be noted that NEO already supports DeFi, providing an array of assets and a reliable market. But NEO Blockchain goes further and extends the range of assets from synthetic assets to stable coins. And for that reason the launch of the Flamingo protocol was announced.
NEO generates specific projects and deals to free up the full potential of DeFi. Flamingo has already begun production and is scheduled to debut in mid-September, underlining Neo's commitment to DeFi.
Introducing @FlamingoFinance, an interoperable full-stack #Defi protocol on #Neo! Dare to Defy Neo_Blockchain via Twitter
Flamingo (flamingo.finance) is a full-stack DeFi protocol integrating crosschain asset gateway, AMM-based swap, synthetic stablecoins, and AMM-based Perpetual - was stated in the official post.
What Flamingo Was Created for?
Flamingo will serve as one of the main pillars of the entire DeFi ecosystem at the NEO blockhead. It will solve the following issues:
- Flamingo will be the first financial protocol on the DeFi market to support the mobility of multi-chain assets, thus overcoming the limitations of the single-chain market and providing unrivalled efficiency;
- Flamingo will be the first DeFi protocol that fully integrates the AMM liquidity pool and the pool of collateral assets, thus optimizing the efficiency of capital utilization;
- In order to encourage community participation, Flamingo will distribute FLAM token to the project participants on the basis of contributions, while developing its value support.
By combining channels to improve profitability, maximize resources and reduce investment risk, Flamingo delivers an enhanced user experience through innovative technologies.
How Will Flamingo Work?
In terms of app mobility, incorporation of network liquidity, enhancements to resource performance, and lower investment risk, Flamingo has made a lot of improvements as opposed to the existing DeFi business cross-product model.
Based on the three main DeFi components, Flamingo is set up to ensure a streamline of liquidity flows across its coins. With a range of consumer and financial goods which are combined together.
FLAM is 100% allocated to individuals on the basis of commitment to encourage group participation in Flamingo and DeFi under the principle of equity. FLAM will be spread depending on the use of Flamingo by participants.