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ExFi token distribution starting Jan 1st


Seoulite
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Vid from our old friend Mickey below. Key info at this medium post:

https://flarefinance.medium.com/exfi-sgb-snapshot-update-435bd9a6b005

This will be the first time I am planning to use the FF platform. This is what we can use it for:

How can I use $EXFI?

$EXFI will be used in various ways across the ExFi Platform including:

1. Being used as a fee replacement token on FlareX.

2. Being used to farm for yield in the form of $SFIN on FlareFarm.

3. Being used to create $CAND on FlareLoans, which can optionally be used to farm more $SFIN.

Additionally, when the remaining 4 products are released, $EXFI will be used to:

1. Purchase NFT’s and participate in auctions on FlareDrop.

2. Provide to coverage pools and purchase coverage on FlareMutual.

3. Vote on FlareGovernance and enact change across ExFi.

According to the vid, you will be able to solo stake ExFi to get SFIN. This will be most attractive to most people because risk is basically nothing and there is nothing to understand about it, but I'm guessing the yield will be low. So I'm interested in looking at the option of going into a liquidity pool with the tokens. So my understanding is that to do that I would need 2 tokens. If I wanted to use ExFi and CAND then I could mint CAND using some ExFi and then put both of them in a LP in order to get SFIN. I think I have that right. At the moment the website is not up so I can't go into FlareX or FlareFarm (I assume they are setting up for the drop). 

So that's what I'm thinking. Would appreciate any other speculation about what might be a good thing to do with these things. Also happy new year to all. 

 

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Their videos the past few days have been solid. I'm biased, but check out their one on Anchor from 2 or 3 days ago.

If they have an EXFI/SGB pool that might not be a bad bet if you're looking to earn SFIN. I would think that right now while FF is basically the only thing running on Songbird, the two coins will mostly move together which limits impermanent loss.

I've managed to earn 100 DFLR since ExFi v2 launched in November. What do you think the price of EXFI will tell us about what DFLR/YFLR will be worth?

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10 hours ago, brianwalden said:

I've managed to earn 100 DFLR since ExFi v2 launched in November. What do you think the price of EXFI will tell us about what DFLR/YFLR will be worth?

I’ve no idea, because I’m not sure how they will look interact in the ecosystem. There are so many tokens and products and stuff that I’ve lost track of what each thing actually can do. 

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1 hour ago, agonyaunt said:

Hallo @ Seoulite, ich halte mein SGB in Metamask, habe aber noch kein ExFi erhalten... Basierend auf https://www.stedas.hr/airdrops-for-xrp-holders.html#.Yc_pNhNBy8Z , keine Aktion ist erforderlich... Übersehe ich hier etwas? Vielen Dank im Voraus!

 

I wish you a happy new year!

Check out this video.  

At the very start of the year Flare Finance will be airdropping 40M #EXFI tokens to those who held SGB during the snapshot which took place on December 12th!

You need to set up an address to receive the EXFI Airdrop.

EXFI Token address:

0x72D932019AE098A6368E6676E16169D112E7720A

 

 

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43 minutes ago, agonyaunt said:

Thank you. Just followed the instruction, but seeing ZERO EXFI... Is it too late or do I need to wait till it gets transferred? Thank you again!

 

It hasn’t shown up inthe wallet yet. Don’t worry there isn’t a “too late”, the snapshot was done. Your tokens are waiting for you somewhere.

by the way does anyone know where this thing will be listed? Apart from flare X of course 

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1 hour ago, PunishmentOfLuxury said:

Sei geduldig.

I agree :JC_doubleup:

January 1st, 2022 — $EXFI will arrive in all wallet addresses that held $SGB and $WSGB.

January 1st, 2022 — ExFi “Gamma” will begin with FlareFarms v2 and FlareLoans v2 launching to reflect new rewards in the form of $SFIN. It will support $EXFI yield farming and minting $CAND with $EXFI.

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4 hours ago, henne111 said:

I agree :JC_doubleup:

January 1st, 2022 — $EXFI will arrive in all wallet addresses that held $SGB and $WSGB.

January 1st, 2022 — ExFi “Gamma” will begin with FlareFarms v2 and FlareLoans v2 launching to reflect new rewards in the form of $SFIN. It will support $EXFI yield farming and minting $CAND with $EXFI.

My SGB was originally sent to my MetaMask wallet, I then transferred it to Bifrost wallet.

What Wallet will the ExFi are drop end up in?

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1 hour ago, henne111 said:

Has anyone already got their ExFi tokens?

One of the addresses that received the minted token a few days ago as begun doing some transfers in the last hour. Hopefully that means the distribution will begin soon.

The active addresses seem to be the 10M EXFI team distribution address (0x705b8b7a2d20aa7ebf0e20c6cbf2cd1ee3c4cbd8) and another that received 15K EXFI from the team distribution address and has been sending small (10 EXFI) transactions (0x380f997b11b062b4ed20d341da2730c91492e1f0).

https://songbird-explorer.flare.network/token/0x72D932019AE098A6368E6676E16169D112E7720A/token-transfers

Edited by RambeauTeasebox
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5 hours ago, RambeauTeasebox said:

One of the addresses that received the minted token a few days ago as begun doing some transfers in the last hour. Hopefully that means the distribution will begin soon.

The active addresses seem to be the 10M EXFI team distribution address (0x705b8b7a2d20aa7ebf0e20c6cbf2cd1ee3c4cbd8) and another that received 15K EXFI from the team distribution address and has been sending small (10 EXFI) transactions (0x380f997b11b062b4ed20d341da2730c91492e1f0).

https://songbird-explorer.flare.network/token/0x72D932019AE098A6368E6676E16169D112E7720A/token-transfers

 

5 hours ago, RambeauTeasebox said:

One of the addresses that received the minted token a few days ago as begun doing some transfers in the last hour. Hopefully that means the distribution will begin soon.

The active addresses seem to be the 10M EXFI team distribution address (0x705b8b7a2d20aa7ebf0e20c6cbf2cd1ee3c4cbd8) and another that received 15K EXFI from the team distribution address and has been sending small (10 EXFI) transactions (0x380f997b11b062b4ed20d341da2730c91492e1f0).

https://songbird-explorer.flare.network/token/0x72D932019AE098A6368E6676E16169D112E7720A/token-transfers

Have you received your exfi?

5 hours ago, RambeauTeasebox said:

One of the addresses that received the minted token a few days ago as begun doing some transfers in the last hour. Hopefully that means the distribution will begin soon.

The active addresses seem to be the 10M EXFI team distribution address (0x705b8b7a2d20aa7ebf0e20c6cbf2cd1ee3c4cbd8) and another that received 15K EXFI from the team distribution address and has been sending small (10 EXFI) transactions (0x380f997b11b062b4ed20d341da2730c91492e1f0).

https://songbird-explorer.flare.network/token/0x72D932019AE098A6368E6676E16169D112E7720A/token-transfers

 

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