Flamingo Finance has introduced the most recent modifications in his platform, together with a brand new technique to finish his over-collateralized Stablecoin, FUSD, in addition to FLM-Minting modifications.
USDT to FUSD
Customers can now go immediately with USDT on NEO N3, providing a substitute for mining by taking a mortgage with Flamingo Lend or Exchanging for Fusd with Orderbook+ or Convert. The reverse operation can be doable.
USDT to FUSD and FUSD to USDT is accessible through the Wrap & UNWRAP interface on the Activa Actions tab on the Net app. Though the mivest of USDT will not be topic to limits, the unpacking from FUSD to USDT is dependent upon the USDT reserves of the contract.
Reward modifications
Flamingo has introduced numerous modifications to its FLM reward system, beginning with the elimination of bonus Apr for customers who use in sure liquidity swimming pools whereas holding a FUSD mortgage. This can happen on Could 21.
Up to date FLM MINTING STANDINGS (Supply: Flamingo)
The platform additionally significantly reduces the every day FLM mint fee, from 146,880 to 86,400 FLM per day. Numerous Polish will see modifications of their allocation shares as a part of this redistribution. Probably the most putting is that the SWTH-FUSD and USDT-FUSD-Swimming pools now have 0% allocations and FLM-Bneo has been elevated from 30% to 37%.
LP -Tokendoing
The crew has introduced its intention to develop help for the usage of LP -Tokens as collateral inside Flamingo Lend. This is able to allow customers to borrow FUSD in opposition to their liquidity place. This improvement doesn’t have a stable timeline, however is predicted to be deployed within the coming weeks.
Learn the unique announcement on the hyperlink beneath:
https://medium.com/flamingo-finance/flamingoupdate-may-19-2025-94841850ca9a