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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
