Thread by @CommunityFlare

#Flare is the world’s first Turing complete Federated Byzantine Agreement (FBA) network.

It's going to change game!

But I would like to bring your attention to the @FlrFinance ecosystem which will be built upon the Flare Network.

🧵[THREAD]

𝗙𝗹𝗮𝗿𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲

Flare Finance is the first DeFi platform built on the Flare Network. It utilizes smart contracts to offer a non custodial environment for trading, farming, loans, insurance, and mining.

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Flare Finance offers 6 products allowing the users of the Flare Network to act as their own yield generating bank without giving up custody or control of their assets to
a centralized party, these are:

🔸FlareX
🔸FlareFarm
🔸FlareUSD
🔸FlareLoans
🔸FlareMutual
🔸FlareMine

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𝗙𝗹𝗮𝗿𝗲𝗫

FlareX enables users to swap currencies & earn passive income by providing liquidity to liquidity pools through a simple and easy to use interface.

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𝗙𝗹𝗮𝗿𝗲𝗙𝗮𝗿𝗺

FlareFarm is a Decentralized Yield Farming Platform giving the ability to earn non-custodial yield on Flare based assets.

Holders of YieldFlare, Spark, FXRP, & FlareUSD can participate in yield farming YieldFin, the main governance token of the ecosystem.

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𝗙𝗹𝗮𝗿𝗲𝗨𝗦𝗗

FlareUSD enables the users of the Flare Network to have an immediately available stable coin currency.

FlareUSD (FUSD) is USDT, USDC, or DAI to be used on the Flare Network.

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𝗙𝗹𝗮𝗿𝗲𝗟𝗼𝗮𝗻𝘀

FlareLoans is an asset-backed loans issuance platform which provides Decentralized On-Demand Liquidity
(DODL) by enabling holders to pool their assets to be loaned against a borrower's collateral.

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𝗙𝗹𝗮𝗿𝗲𝗠𝘂𝘁𝘂𝗮𝗹

FlareMutual is a decentralized mutual fund that allows people to share risk together without
the need for an insurance company.

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𝗙𝗹𝗮𝗿𝗲𝗠𝗶𝗻𝗲

FlareMine is a decentralized yield mining platform that allows owners of Bitcoin or Ethereum mining rigs to mine Spark (FLR).

Miners contribute their hashrate to a centralized mining pool that actively mines Bitcoin and Ethereum at the best rate possible.

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Flare Finance are one of the earliest developers to build on the Flare Network.

Rest assured, this is just the beginning. As more developers and companies realise the benefits that the Flare Network offers over other smart contract platforms, they will look to migrate!

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