Share this article
Flurry Finance, a DeFi protocol that delivers efficient cross-chain yield farming to the DeFi community, is ready to deploy its RHO utility token and FLURRY governance token to the Polygon network on December 1, 2021.
The FLURRY ecosystem continues to grow with new partnerships and a new rewards campaign announced.
Since announcing its partnership with Polygon in August to optimize agricultural performance, Flurry Finance has taken a number of key milestones, including:
- Mainnet launched on Ethereum (ETH) and Binance Smart Chain (BSC) networks
- Product launched on the BSC network
- Raised $ 3M in Total Locked-In Value (TVL) within one month of product launch
Flurry Finance’s highly anticipated extension to Polygon Network Chain is coming to fruition with the FLURRY governance token and three RHO tokens – rhoUSDT, rhoUSDC and rhoBUSD – becoming available to all Polygon users on December 1, 2021.
Mike Ting, CEO of Flurry Finance, said:
“It is an honor for us to bring a simple, easy to use and automated yield farming interface to the Polygon community. The benefits of Polygon Network will bring us closer to one of our premier currencies – DeFi for All. We have been anticipating this deployment since we announced the partnership last August.
Gust Also launching a new staking rewards campaign, called Snowball, to further engage users.
Leading blockchain security and smart contract audit firm CertiK successfully audited Flurry’s smart contracts prior to their deployment to Polygon. The integration will allow RHO token holders to take advantage of Polygon’s fast and secure transactions with low gasoline fees, enabling a seamless experience within the larger Polygon DeFi ecosystem.
The expansion of the Polygon network will bring more yield farming strategies to deploy, as Burst finances extends its footprint in the DeFi space. The upcoming deployment on Polygon Network would incorporate strategies on Aave and SushiSwap, which have the largest pools of liquidity in the network chain. The promise of decentralized finance is that of freedom and self-determination. Flurry Finance is committed to putting DeFi in the hands of everyone on the planet, with a simple interface, optimized return strategies and reduced gas costs.
Flurry Finance launched its FLURRY governance token on the Ethereum network and Binance Smart Chain, while the RHO token is currently only available on Binance Smart Chain.
FLURRY’s IDO was successfully launched on the CardStarter Cardano-based launch pad on September 6, 2021. Its trading pairs are now available on Uniswap, Pancakeswap, Gate.io and MEXC.
Flurry Finance’s governance token quickly gained acceptability with the success of the project’s first liquidity campaigns.
Gust is a DeFi protocol offering yield aggregation with rhoTokens, which is pegged 1: 1 to its underlying stablecoin. To generate the optimal adjusted fee return for users, it automates the tedious task of locking / unlocking and activating and deactivating DeFi products on different channels.
Current yield aggregators are limited to Ethereum-based products or operate on a single chain, while FLURRY aims to work between chains to seek the best return after cost on different chains.
Guide to Yield Farming, Staking and Cash Extraction
Yield farming is arguably the most popular way to make crypto assets profitable. Essentially, you can earn passive income by depositing crypto into a cash pool. You can think of such cash …
MDEX: Neglected decentralized exchange that pays you for trading
According to statistics from DeBank and dapp.com, one of the top performing decentralized exchanges by TVL and trading volume this year is MDEX, an AMM-based DEX operating through the Huobi Eco-chain (HECO), Binance Smart Chain …
Aave CEO Says Yield Farming ‘Craze’ Ends
Stani Kulechov, CEO of Aave, highlighted some of the issues with the cut-and-paste nature of today’s DeFi space, adding that the overall fundamentals are still strong. Aave CEO defines …
1Inch.Exchange Announces Yield Farming Opportunity For Its Next …
Just a week after Mooniswap launched and secured $ 2.8 million from the biggest names in crypto investing, 1inch.exchange takes it one step further. 1 inch yesterday a …