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
If the earnings from these protocol fees do not make up enough to pay the APY yield, only then is ExFi pulled from the 40M APY cloud, so this would be considered a reserve to pick up the slack while protocols get established.
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