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@hypexmg @FlurryFi We will also add new feature to allow uses to mint rhoToken using deposit tokens from other DeFi protocols (e.g. cToken from Compound). Users who do so will enjoy additional FLURRY rewards, plus at least the same, if not better yield than the existing protocol.
@hypexmg @FlurryFi Higher interest rate should attract more users to Flurry to earn a high stable yield with no market risk.
Also as we announce more partners in the near future, more users will adopt the rhoToken.
@hypexmg @FlurryFi When cryoto prices hit all time highs, the demand for borrowing stable coins or other tokens rises. As you might already be aware, our rhoTokens now offer 20%-30% pa. This is all due to increase in borrowing demands and will likely continue to do so towards the end of the year.
@kryptoChris_@FlurryFi on BSC we have pretty much launched all the combinations of LP on tokens related to FLURRY protocol. However, we will be adding more pairings with regards to other projects who will be collaborating with Flurry in the near future. Be sure to look out for announcements.
@hypexmg @FlurryFi There are no plans yet to launch digital asset backed NTF, although we might be issuing a kind of NFT for receivables soon. Please follow our channels for announcements
@dff4a4d2d030488@FlurryFi Yes, due to the high gas fees, it is substantially more costly to do daily rebasing (to distribute interest) and rebalancing (moving funds in/out of protocols). However, we are currently optimising gas consumption and are looking to launch on Ethereum soon.