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At the suggestion of @FlareFinance moderators, users should be doing research on APY cloud as it will weigh heavily on the next update.
Here is the link to the article I am pulling this information from: flarefinance.medium.com/flare-finance-…
I will unpack my understanding of this below. 👇🧵
Here is the link to the article I am pulling this information from: flarefinance.medium.com/flare-finance-…
I will unpack my understanding of this below. 👇🧵
First, there has been misinformation about another $ExFi airdrop. This is FLASE.
There is 40M ExFi set aside for the APY cloud, but this isn’t a token distribution method.
APY yield for Governance staking of $SFIN and $ExFi will be minimum 5% and maximum 35% with an Excess 20%
There is 40M ExFi set aside for the APY cloud, but this isn’t a token distribution method.
APY yield for Governance staking of $SFIN and $ExFi will be minimum 5% and maximum 35% with an Excess 20%
This excess 20% will be added on the max of 35% to start, giving us an initial APY of 42%.
This yield will come from Protocol earnings in this fashion:
50% of #FlareMine
50% of #FlareFarm launchpad
50% of #FlareWrap
2% of #FlareX
2% of #FlareLoans
2% of #FlareMutual
This yield will come from Protocol earnings in this fashion:
50% of #FlareMine
50% of #FlareFarm launchpad
50% of #FlareWrap
2% of #FlareX
2% of #FlareLoans
2% of #FlareMutual
1/5 For shared awareness - Over the last 24 hours I’ve been on the Stability Pool tool within the #FlareLoans product. I staked $CAND in the pool to earn $SFIN rewards and $SGB liquidation rewards. The $SFIN rewards are quite good but you have to claim them quickly, as over
2/5 the 24 hours my pool completely dumped its $CAND six times. During that dump the $CAND is replaced with $SGB for withdrawal. But each time my pool positioned dumped its $CAND the offset liquidation reward in $SGB was always worth just a little less. If $SFIN wasn’t withdrawn
3/5 before the pool dumped they would just vanish. Not sure if this is how the platform is meant to work or if it’s something that is still being tweaked. So I would withdraw the $SGB and exchange it back into $CAND and deposit it again back into the stability pool. At times my
