FLURRY Finance Kyber نیٹ ورک کے ساتھ تعاون کرتا ہے تاکہ پیداواری کاشتکاری کو مزید بہتر بنایا جا سکے۔

HONG KONG, HONG KONG, 31st August, 2021,

 — FLURRY Finance is collaborating with Kyber Network to provide more efficient cross-chain yield farming to the DeFi community. Kyber’s Dynamic Market Maker (KyberDMM) decentralized exchange will allow $FLURRY holders to trade with ample liquidity and low slippage rates.

FLURRY Finance aims to elevate its stable rhoTokens as a medium of exchange in daily transactions. This aligns with KyberDMM’s low transaction costs and high liquidity, making KyberDMM the perfect place to hold FLURRY Finance’s liquidity..

Through KyberDMM, $FLURRY token holders will be able to liquidate reward tokens with extremely low slippage costs. KyberDMM aims to achieve high capital efficiency through its amplified liquidity pools, where slippage can be up to 100x more capital efficient for stable pairs than what is currently available; while returns are optimized via dynamic fees, which are influenced by market conditions.

To minimize exposure to price volatility of reward tokens, FLURRY will regularly liquidate reward tokens for underlying stablecoins to realize income for its users.

“We’re very excited about our collaboration with Kyber as it will provide numerous long-term benefits, such as allowing $FLURRY holders to earn fees by supplying stablecoins to KyberDMM liquidity pools with minimal transaction fees. This is a win-win for both platforms and communities. FLURRY generates income for its users while Kyber attracts more liquidity, resulting in lower slippage and costs for everyone,” said مائیک ٹنگ, CEO of FLURRY Finance.

The collaboration also allows FLURRY users to mint different rhoTokens (rhoUSDT, rhoUSDC, rhoBUSC) without needing to hold the corresponding stablecoin. For example, USDC owners can convert their USDC to USDT first through Kyber before minting rhoUSDT tokens.

“Kyber Network is proud to provide blockchain projects with an optimized solution for their liquidity needs through the KyberDMM liquidity protocol. We look forward to Flurry’s launch.” – Loi Luu, CEO and Co-Founder, Kyber Network

This new development comes a month after FLURRY Finance closed a $ 3 ملین فنڈ گول from investors including AU21 Capital, GenBlock Capital, CoinUnited.io, One Block, روح کیپٹل, and Dutch Crypto Investors.

کے کامیاب آغاز کے بعد فلرری ٹیسٹ نیٹ in July, FLURRY Finance is slated to make its IDO on the Cardano-based launchpad, کارڈ اسٹارٹر, for members of the crypto community who want to hold the platform’s governance token, $FLURRY. The token will allow holders to vote on plans to add or remove new yield farming strategies and assign risk factors to active schemes. Over time, the FLURRY protocol’s governance will be wholly controlled by $FLURRY token holders.

FLURRY Finance is planning a full product launch in Q3 2021.

For more information, please visit FLURRY Finance’s ویب سائٹ or contact Alison Cheng, Digital Marketing Executive, at .

About Kyber

کیبر نیٹ ورک aims to deliver a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources to provide the best rates to takers such as Dapps, aggregators, DeFi platforms, and retail users.

Anyone can contribute liquidity to Kyber Network and Dapps can integrate different protocols depending on their liquidity needs. Using Kyber, developers can build innovative applications, including instant token swap services, ERC20 payment flows, and financial DApps — helping to build a world where any token is usable anywhere.

Kyber is powering more than 100 integrated projects and has facilitated over US$5 billion worth of transactions since its inception.

فلری فنانس کے بارے میں۔

ڈی فائی صارف کے تجربے کو ہر ممکن حد تک آسان بنانے اور ڈی فائی مصنوعات کے استعمال کو بہتر بنانے کے لیے فلری فنانس کا آغاز کیا گیا۔ بھڑک اٹھنے والے rhoTokens جو 1: 1 ان کے بنیادی مستحکم کوائن پر لگائے جاتے ہیں۔ rhoTokens کراس چین انٹرآپریبل ، مستحکم ، لچکدار اور صارفین کے لیے منافع پیدا کرتے ہیں۔ کی جلدی پروٹوکول۔ زنجیروں میں کام کرنے اور صارفین کے لیے زیادہ سے زیادہ فیس ایڈجسٹ شدہ ریٹرن پیش کرنے کے لیے ڈیزائن کیا گیا ہے ، مختلف زنجیروں پر ڈی ایف آئی مصنوعات کو سوئچ کرنے اور باہر کرنے کے تکلیف دہ کام کو خودکار کرتا ہے۔

ویب سائٹ: https://flurry.finance 

تار: https://t.me/FLURRYFinance_Official 

ٹیلیگرام نیوز چینل: https://t.me/FLURRYFinance_News 

ٹویٹر: https://twitter.com/FLURRYFi 

درمیانہ: https://medium.com/@FLURRYFi 

رابطے

Source: https://www.crypto-news.net/flurry-finance-collaborates-with-kyber-network-to-further-optimize-yield-farming/