Flamingo Finance has shared unusual records referring to the upcoming open of FLOCKS, at the side of FLUND migration crucial aspects and exit price disposing of.
FLOCKS is an evolution of the FLUND conception as a single-sided staking option. FLOCKS seeks to make stronger on FLUND by incentivizing long-period of time maintaining over brief-period of time trading. Holders will receive a allotment of prices derived by Flamingo in the beget of dividends, and can merely originate vote weight after the crew integrates governance capabilities.
FLOCKS migration
Existing FLUND holders are the handiest customers that will possible be ready to enter FLOCKS sooner than the open up of Epoch 1. This opportunity will possible be available for roughly one week and ensures that merchants will receive a 1:1 ratio of FLM (from FLUND) to FLOCKS. Migrating after the epoch has begun will reason an increasingly extra diminished conversion price as dividends earned by the pool are accounted for in the swap.
For FLUND customers searching for to maximise earnings sooner than migration, Flamingo recommends final in FLUND till the migration week opens, then migrate sooner than Epoch 1 begins to maximise dividends.
Customers entering FLOCKS from other tokens will must anticipate Epoch 1 to open up sooner than they are going to construct a have state. As with FLUND migrations that happen after the migration window, the worth of FLOCKS purchases can even take be conscious of the allotment of dividends gained in the epoch at have time.
FLUND distribution and exit price
Flamingo no longer too long previously accomplished its Wave 3 adjustments, the third spherical of 4 fundamental deliberate adjustments to its liquidity swimming pools. Because of the adjustments in token distributions, FLUND now has earnings from several token sources that are no longer reworked to FLM. In set apart of updating the contract to repair this self-discipline, the Flamingo crew has made up our minds to pay out these resources as portion of the Epoch 1 dividends.
For FLUND holders that resolve no longer emigrate, the exit price has been removed. FLUND can now be equipped on Flamingo with out a further price, nonetheless the crew has necessary that FLUND purchases will possible be halted, so transactions have to aloof be notion to be irreversible.
Asset Encourage Initiative
The open of FLOCKS corresponds with the open up of the Asset Encourage Initiative, which seeks to partially compensate f- and p-asset holders struggling from the Poly Network bridge exploit. Affected customers will receive 50% of their losses in FLOCKS over two years after migrating to the up as a lot as now resources thru the Motion Heart.
The FLOCKS airdrops from the initiative will open up all the way thru Epoch 2. An staunch time for the open up of distributions will possible be announced closer to the time.
The unusual announcement will possible be read on the link below:
https://medium.com/flamingo-finance/flamingo-flund-flocks-replace-531c4af219d9
