ریمنڈ ریجنڈرز
How do you ensure that your yield strategies remain profitable over time, as we see with many platforms including Yield, Curve, etc. where returns tend to dry up?
We’re also curious about the timeline for the AMM protocol integrations.
لارنس وونگ
The interest rate is a reflection of market demand and supply. As we see when crypto-prices drop or when we are [in] down cycles, investors get out of their positions and hold stable coins. A flush of liquidity would naturally push down the interest rate and that’s what we are seeing here.
But when prices are on the uptrend, as we currently are, you will gradually see interest rate rises again. So, what Flurry protocol does is give its users the best yield opportunity there is on the market.
ریمنڈ ریجنڈرز
To what extent do you adjust strategies to market conditions, and do FLURRY emissions adjust to market conditions?
لارنس وونگ
We will adjust our strategies, taking into account the gas fee, the impact on rates when we move our funds from one pool to another. So, we will make a switch when it results in a higher cost-adjusted yield.
In the beginning, Flurry tokens are distributed as a reward to speed up the RhoTokens adoption. That will be a fixed number shared by RhoToken owners for a certain period of time.
مائیک ٹنگ
To elaborate a bit on what Mike’s said, basically Flurry is connected to other protocols (currently we are integrated to Compound, Aave, and Cream on ETH) and is monitoring the lending rates. As the lending rate changes on the market, we manage user deposited stablecoins by moving them in and out of protocols, in order to achieve the best yield return. It’s like a robot money market fund.
We are integrating protocols one by one, which takes time but surprisingly not that long since TVL is pretty concentrated on a few big pools. But there are some smaller pools, because of the small size, funds get lent out fairly quickly, which leads to a high interest rate, so there are certain opportunities in small pools too.
Eventually, we aim to connect to all DeFi pools on all chains. The protocol will manage the funds for the users and get the best return — no matter which chain the source of yield is from.
ریمنڈ ریجنڈرز
What is the starting APY like (including FLURRY rewards) and how long will these last?
مائیک ٹنگ
I think the base yield is around 4–5%, and it will be over 10% if you take into account the FLURRY rewards. There will be a special campaign that runs for 3 months in the beginning.
لارنس وونگ
We cannot guarantee a high yield, but we can guarantee it’s the best yield within the pools we are connected to.
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