Flare Finance

Flare Finance Twitter

Mickey B Fresh | Flare Finance

Flare Finance

Flare Finance Website

APY Cloud

APY Cloud

Flare Finance Products

Product Suite

Flare Finance Products

Flare Finance is a trustless, decentralized finance (DeFi) ecosystem that is aiming to bring the power of DeFi through the use of smart contracts on the Flare Network to non-turing complete blockchains. Flare Finance will be offering six products, three tokens, and a decentralized exchange (DEX) at its launch one month after Flare Network goes live. The products will consist of:

  1. FlareX: swap currencies and earn passive income by providing to a decentralized on-demand liquidity (DODL) pool
  2. FlareFarm: mine from a distributed pool of assets via smart contracts by staking
  3. FlareWrap: provides users with a decentralized USD stablecoin in xUSD
  4. FlareLoans: asset-backed loans solution utilizing the power of DODL
  5. FlareMutual: decentralized mutual fund that allows users to pool risks of DeFi applications together
  6. FlareMine: allows users of Bitcoin and Ethereum mining rigs to mine Spark (FLR)

The Flare Finance tokens will consist of:

  1. YieldFlare: exchange fee and secondary governance token (YFLR)
  2. YieldFin: yield farming and governance token (YFIN)

The Flare Finance team is currently anonymous, but plans to reveal themselves and more information about their ecosystem before the launch date. Similar to Flare Network’s airdrop distribution of its governance token, Spark, Flare Finance will be airdropping its tokens to holders of Spark, which will require users to complete some steps in order to receive the Flare Finance governance tokens. Stay tuned to the Flare Finance social media pages to learn more.

Flare Finance Airdrop FAQs

Flare Finance Airdrop FAQ 1
Flare Finance Airdrop FAQ 2

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