Jump to content

Another Airdrop - This time from Flr.Finance


Recommended Posts

 

https://flr.finance/documents/ShortPaper.pdf.  (Page 19)

 

TWITTER    https://twitter.com/FlrFinance

DISCORD  https://discord.com/invite/4fMMkf2

TELEGRAM https://t.me/FlrFinance

MEDIUM     https://www.medium.com/@FlareFinance

GITHUB     https://github.com/flrfinance

 

image.thumb.png.40e18bd245e22abccfd38d719b77348c.png

Edited by strikerjax
Added Flr.Finance Social Media
Link to post
Share on other sites
  • Replies 30
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Its Spark from Flare YFLR from Flr.Finance   YFIN and YMIN are harvested : "Upon completion of the DAO Offering, Farming and Mining will begin, allowing holders of YFLR, FLR, FXRP,

Hi, I'm from the team. KarmaCoverage mentioned that we should have a representative join to answer any questions and concerns.  I'll check in every few days to respond as necessary.  For peo

Just in case anyone was confused like I was. FLR stands for the Sparks token on the Flare Network. These are the tokens you'll get in December from having XRP. Might be worth hanging on to your Sparks

Posted Images

2 hours ago, jargoman said:

ok this is getting confusing

3 for 1 coins for every XRP bought today. Or is it 4? XRP, spark, yflr, yfin

Its Spark from Flare

YFLR from Flr.Finance

 

YFIN and YMIN are harvested :

"Upon completion of the DAO Offering, Farming and Mining will begin, allowing holders of YFLR, FLR, FXRP, and FUSD to begin harvesting YFIN and YMIN from the platform"

Link to post
Share on other sites
1 hour ago, Julian_Williams said:

can anyone tell me - I have no experience - but is this likely to add up to a financial bonus of some sort?

Well using Spark tokens you can generate income by becoming an agent to help generate FXRP

Also YFLR is used in DeFi. Hopefullly in a couple of years these tokens will be worth some good value. 

Meanwhile they can potentially generate regular passive income on the side. 

Link to post
Share on other sites

So there are a couple things going on with Flare Finance. Both Tokens, and Smart Contract services.

Tokens...

  • YMIN - used by Flare Mine 
  • YFLR- Yield Flare - the main platform token, used by Flare Loans & Flare Mutual.
  • YFIN - Governance token used for voting on amendments 

Services...

  • Flare X - distributed ODL between FLR = Spark, FXRP, FUSD, & YFLR
  • Flare Farm - staking pool
  • Flare USD - Stable Coin
  • Flare Loans -  distributed ODL for lending/borrowing
  • Flare Mutual - some kind of insurance or risk sharing service (similar to KarmaCoverage but not the same financial model)

Flare Mine - is a system that enables BTC & ETH miners to pool their mining power and earn YMIN (a mining yield) then there is a smart contract that connects YMIN to either BTC or ETH.

The common idea across all these services is a Distributed ODL (DODL) & a pool of resources available to users of that service.

Edited by KarmaCoverage
Link to post
Share on other sites
1 minute ago, kanaas said:

Wouldn't trust them to much.... They opt to stay anonymous.... Sounds weird to me, even fishy...

I've been talking with them privately. I'm not sure their exact reasoning, but I think it ties into avoiding some legal issues for the time being.

The seem legit to me, and one of the guys is going to create an account on this forum, to better engage with the Ripple/XRP community.

Link to post
Share on other sites
2 minutes ago, kanaas said:

Wouldn't trust them to much.... They opt to stay anonymous.... Sounds weird to me, even fishy...

I tried to discuss that on the discord channel and the guy wasn't too keen on going public. Got defensive by saying that there are teams which went public with their identities and still scammed. 

Link to post
Share on other sites
3 hours ago, thinlyspread said:

Possibly also for security reasons. 

All I can say, is that in my brief interactions with them, they seem genuinely cautious which is fare enough.

I said who I am.

I gave them a rather detailed once over of Nexus Mutual's whitepaper. Re Flare Mutual.

Edited by KarmaCoverage
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.