We are pleased to announce our next AMA on August 2nd 2021 at 01:00 PM UTC Time: Satoshi Club x Flurry
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Flurry Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Flurry Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Flurry
For more details:
Flurry Website – flurry.finance
Flurry Telegram – @FlurryFinance_Official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Flurry is currently undergoing audit scrutiny by Certik but you decided to release your testnet. I discovered that you launch test on both Ropsten and Kovan. Ropsten uses Proof-of-Work (Ethash) mechanism which better reproduces the current Ethereum production environment, however, Kovan is based of Proof-of-Authority and doesn’t fully represent the full production environment of Ethereum. Hence, I wish to ask, why are you launching dual MVP tests simultaneously? How is the flow of work different on both testnet network? Which of them will provide a closer clue as to how Flurry will behave when you release it on MainNet? How do we get testnet tokens and what product features will be available for user to test? Lastly, will there be benefits for early testers?
Flurry Protocol will play host to two tokens which are $FLURRY and $rhoTokens. Am quite interested in your rhoTokens (rhoUSDT, rhoUSDC and rhoBUSD) which are your protocol’s stablecoin. How do users deposit USDT, USDC or BUSD which they will use to mint rhoTokens and why do you refer to rhoTokens as interest bearing stablecoin? What is the procedure to mint/redeem deposited stablecoin from rhoTokens? Also, can you explain the rebase mechanism used by rhoTokens to achieve what you describe as a unique interest distribution mechanism? How does this help Flurry to provide an Unparalleled Yield Generation Strategy? Lastly, how will you be able to list rhoTokens on CEX when they are not backed or minted like every other stablecoin?
One of the attribute of FLURRY is Risk diversification for optimisation of yield. You said Flurry can diversify smart contract risk by allocating the pool of asset in your protocol into different pools of DeFi product. Can you explain how Flurry will perform this type of Automated Yield Farming and how it is used to generate yield? In what way is this better than what individuals would have done by themselves? How will users be able to hold rhoTokens on Ethereum and be harvesting high interest yield from Aave on Matic or from CREAM on BSC?
I noticed that Flurry finance is launched on Ethereum and has more than one rhoTokens: rhoUSDT, rhoUSDC and rhoBUSD. Can you explain the difference and USE CASE of these three tokens in your ecosystem and why are they created?. Which one is the governance token please? Do you have any plan for cross chain that could bridge these tokens to other cheaper blockchain like Solana and how will it work? On which network can I hold these tokens and do I get to earn interest just by holding? I’m concerned about the fees that will be involved, how do you plan to make it costless for your investors?.
What differentiates FLURRY finance from other Yield Aggreagators like: Rafi, Beefy finance especially in regards to security, scalability and simplification?Also in Yield Farming, when they mint the tokens it simply causes inflation and devaluation of tokens. How will you resolve this problem so that the value of token consistently rises and by what method? Is there any incentive for liquidity providers that provide liquidity using one of your tokens in the trading pair? What other yield farming strategy are you developing in this regard?
Due to the high Eth commission of fees and it’s slowness, do we see FLURRY migrating to other cheaper chains like Solana, Matic?. Which Defi protocol will be integrated?. Will it require us setting up new wallets and moving our funds to these new chains?.
Also, Why did Flurry decide to use the Token buy back mechanism?. Has this proven to be effective in terms of increasing token value instead of burning the token?. Do you have a model for it and how do you intend to raise income to buy back the tokens?. And why does it seem that the interest distribution mechanism with flurry is different from other yield aggregators? What’s the implication of this model?
With the increase of so many DEFI projects in the market, Flurry Finance points out that the current market has many weak points, what strategies would FlurryFinance have to solve those weaknesses and be more solid? since many projects are different from one another that characterizes FlurryFinance to be different? in performance or less risk when it comes to trusting FlurryFinance?
Which would be the simplest solutions for Flurry Finance regarding high commissions and looking for the best performance adjusted to each transaction fee for stable currencies? and how not to pass rhoTokens through locks and unlocks? and thus be able to change different Defi products to have the best performance offered? Thank you
In 2022, do you have new strategies in mind or are you only prepared for the remainder of the year? Or if so, do you have any preview of how those strategies would be and if it would be new adjustments to the performance and capacity of FlurryFinance? I see that FLURRY has a non-blocking mechanism that makes the performance provide more confidence in the users when it comes to receiving interests?
The competition that exists today in the yield farming ecosystem is very broad. There are many projects like yours that offer investors to generate magnificent returns, such as Matic, PolyDex, VerperApp, etc, and all the platforms claim that they are the best. Can you explain to us what features the Flurry platform has to make a difference? Why is Flurry the best of the yield farming platforms in terms of long-term sustainability, profitability, safety and operability?
The fact that the FLURRY team believes that crypto investment opportunities should not be reserved only for tech-savvy crypto enthusiasts, and by building a project on this foundation and focusing on making DeFi products accessible to everyone, is an approach that will benefit all stakeholders of the DeFi industry. However, the real challenge will be to get your products to the widest audiences to enable you to make this philosophy a reality. For this, it requires a strong marketing and promotion strategy on a global scale. In order to solve this challenge, can you explain your team’s expertise level and your strategic plans that will enable you to reach the user who is farthest from crypto?
In your opinion, for what reasons was the current productivity generation method in need of improvement? Can you talk about what methods you will use so that users can experience a more efficient income generation process thanks to FLURRY, and the effects these methods will have on DeFi?
You recently announced the release of The Flurry Finance Testnet version 1, currently it is available on both Ropsten and Kovan Testnet. What are the allowed stablecoins with which we can test both Ropsten and Kovan? Can we test both using our USDT?
Rhotokens are used to generate continuous returns, but I would like you to tell us more about the $FLURRY token. According to your Medium it has the governance function, what is its operating model? Do you have a special? What are the requirements for users to participate in governance? Also, what other characteristics does the $FLURRY token have?
When the tokens of ambitious projects are sufficiently adopted, some new opportunities may arise. So, as rhoToken is globally recognized as an interest-bearing stablecoin, what will change in Flurry’s structure and will new opportunities arise for your investors? Considering that you are currently building the foundation of your project, what goals will you achieve in the medium and long term? What kind of future do you foresee especially for rhoToken?
E-commerce platforms can be one of the most suitable options for projects that provide users and investors with opportunities to use Stablecoins to increase the use of tokens. As the use and adoption of cryptocurrencies increases, it will be possible for e-commerce platforms to use a wider variety of cryptocurrencies as means of payment rather than traditional fiat currencies. Do you aim to use the rhoToken owned by the Flurry project in e-commerce platforms? Will you make a special effort for this? When do you think it will be possible for your token to be used as a means of payment on such platforms and how can your investors benefit from these use cases?
As I see in your whitepaper, there are 3 different rhoTokens each for USDT, USDC and BUSD respectively. What is the reason of minting these rhoTokens? What are the use cases of them? Do you plan to add other stablecoins such Dai to add your projects for minting?
Lately we have witnessed how the DeFi space has grown at an enormous speed, but there are certain barriers that prevent further adoption today, among them the lack of good user experience. You mentioned that FLURRY’s mission is to address those limitations and barriers of the DeFi space. When it comes to facilitating the adoption of DeFi by new users, how will FLURRY make the process as convenient as possible so everyone can participate?
Flurry is planning to list its rhoToken in the most popular DEXs such as Uniswap and Sushiswap. However, there are also some DEXs which are not that popular but offering a lot cheaper transaction possibilities in layer 2. Do you plan to be listed in one of these layer-2 DEXs?
What is C-Trade? What does C stand for? Can you also explain the advantages of having C-Trade as your first parther? What made you to choose C-Trade when you compare it with the others?
Flurry takes care of directly exchanging the rho tokens and distributes them directly to the holder’s wallet as stable currency? The value of the rhoToken is always linked 1: 1 to the backing stablecoin, or this characteristic may be conditioned by internal or external factors, what other functionality can your token offer to the project?
In view of the fact that FLURRY believes that investment opportunities should NOT be reserved only for tech-savvy crypto enthusiasts, but for everyone, as they plan to do to attract those people who for some reason have not participated in crypto, which Will its mechanisms be to make it a simple, accessible and adaptable process for people without technological or cryptographic knowledge?
DeFi has not been able to fully control when it comes to interoperability, as it will successfully achieve implement interoperability between chains according to what is outlined in your roadmap. What benefits do each of the chains that comprise it bring to the project, and what are the profitability and profit margins that investors will receive to motivate them to retain their tokens?
Reading your article on Medium about the launch of the Flurry Testnet I noticed that due to the limitations on the testnet, testing with USDT is only available on Ropstan Testnet; whereas testing with USDC is available only on Kovan Testnet. What is the cause of that? Why can we only use one stablecoin on each Testnet?
You’ve your native token rho, is a cross-chain token with all the goods of a stablecoin. I’m curious to know how users are able to generate income from investing and hodling rho long-term? Since it is pegged by various stablecoins, will the price still go up? Or will it basically act as another stablecoin? Also, you’ve announced the launch of rhoUSDT, rhoUSDC and rhoBUSD. In case the price is able to go up, would the different tokens have different prices? How does it work?
It was stated in flurry litepaper that FLURRY Token (FLURRY) is the governance token of the FLURRY Protocol and FLURRY will begin with centralized control of the protocol. For how long will flurry be controlled in a centralize form? What problem will this act solve in the crypto market? How do you want to prove transparency during centralized control, What will happen to the holders during the migration to a complete community and stakeholder control (decentralized control)? During which control do we have the right to Vote on adding/ removing yield farming strategies?
The ratio of rhoToken to other stablecoins (USDT, USDC and BUSD) is 1:1. And by depositing 100 stablecoin such user will earn 5% interest. We know that the stablecoins you accepted are the safest but they are also subject to the same volatility and risk associated with the backing asset which will also affect the rhoToken since ratio is 1:1, How do you plan to rescue such a user when this kind of fluctuation happen in a stablecoin? How effective will the provision of User Cases be?
You’ve announced in your roadmap, that you would be launching ‘Integration with more yield strategies’ in Q4 of this year. So would you explain what are the current yield strategies in your platform, and what are some of the ones you plan to include later? When will users be able to use Flurry yield farm at its full potential? When would be the right time to invest? And do you reward, or did you reward, early investors in your platform?
Flurry testnet is now available, each and every project have its own purpose of creating a testnet, what is the designated purposes of your testnet? How can the community support flurry with it? Testnet is only meant for a limited time and your MAINNET will be launched in Q3 2021, where have you worked up to in Flurry MAINNET? Will the undergoing security audit conducted by CertiK be done before launching of your MAINNET?
Since the Flurry project aims to make investment opportunities in the crypto market available to everyone, team members should have sufficient experience in both the crypto industry and financial markets. How will your team be able to identify what users like about the interface and experience? Now that Flurry will be acting as a money market fund that manages users’ stablecoin, do you have enough experience in the monetary markets for this role to be of maximum benefit to your investors?
When I reviewed the Flurry project, I read that thanks to the rhoToken, a price stable cross-chain token, users will be able to benefit from different chains and Therefore, users will no longer have to worry about all the hassles of transferring funds to different products. So, what differences will you have from other yield aggregators for this? What are the unique aspects of the technological infrastructure that you will use compared to others? What problems did you overcome that other yield collectors failed to solve or were not aware of?
I’ve read that for the Flurry platform, “It has a different interest distribution mechanism than the current yield aggregators”, What makes this distribution mechanism different? Is there a coin redemption mechanism for Flurry? Can you tell us about the rebase mechanism?
I read that your favorite and unique aspect of your project is rhoToken and 1:1 peg, can you tell us about them? For example, does rhoToken support cross chains like MATIC, SOLANA, BSC or do you have a plan to bridge this? Do you think 1:1peg is a long-lived idea and an exemplary thought to other platforms?
Hacking etc. against external attacks of your project. Can you explain to us how you protect it? Do you have or plan to have smart contract insurance to cover any financial loss from hacking or attacks? Does your platform have a study available for third party inspection?
Can you talk about the bad and negative things you saw or inspired you to create the Flurry project? What bleeding wound will the Flurry platform repair the Defi market? What is your favorite feature of Flurry Finance that other platforms don’t have? Do you think your project can take its place in the world of Defi and make a difference?
According to your litepaper, Flurry will have a C-trade which is a crypto derivatives exchange as your first partner to have markets for rhoToken against other cryptos, but is there nothing specific to know about this? Who is this important partner and what features from derivatives can be taken for your protocol to expand the offering of the rhoToken?
From what I understood the main mechanism to keep your rhoToken peeded 1:1 to the backing tokens is the rebasing mechanism. Can you explain this mechanism for us? Was it developed by your team or is it similar to other rebase mechanism that we might know?
To be honest the service that offer flurry is not something new, so can you explain us what make you unique as yield aggregator ?
Flurry provides a platform for customers with stablecoins to earn Great APYs through your ecosystem, however do you only support USDT, USDC, and BUSD? Can you perform the same thing with DAI and non-stable tokens as well?
The flurry ecosystem is destined to be deployed on the Ethereum network First, but then It will be associated to other networks, so my question is: apart of Ethereum Network, which other blockchains do you have in your agenda ? BSC?
Can you provide more information about how we can receive your governance token early? Your roadmap clearly states that you will be holding your first public sale in Q3, therefore can you provide more information about how we can obtain your governance token early?
Recently Flurry Finance has announced the integration of “Chainlink Keepers”, can you explain in detail what this is and what it consists of? What type of technology does it use and what is its modus operandi? Also, what impact can this integration have on the platform and how can it bring long-term benefits?
How will the Flurry effort encourage traditional investors to join multi-chain smart interest models?
You claim that Flurry Finance users may generate performance by assigning coins to DeFi protocols such as Compound, Aave, and Curve… but will these be the only protocols available in Flurry?
Flurry is a stablecoin and a cross-chain token that focuses on yield farming. How can you encourage people to invest in your project knowing that the price would not change much because it is a stablecoin?
FLURRY will be built on Ethereum at the beginning, but why? Will FLURRY ever find his way to BSC?
While you are currently undergoing a security audit conducted by CertiK, just recently you announced the launch of your Testnet which is available on both Ropsten and Kovan Testnet. So can you tell us what is the purpose of launching your Testnet on 2 different Testnet Networks and what are the process on how we can test Flurry on Ropsten and Kovan? Also as a beginner in Cryptospace, it would be nice if you can share some Beginner Guides showing a step-by-step on how to work on the swap on your testnet?
As stated, the FLURRY token is a governance token which gives users the following utilities of; Voting, fee entitlement, and buy and distribute mechanisms. Consequently, from your token allocation, FLURRY will allocate a massive 40% of a 10 billion total supply to the community which would be unlocked at listing. Therefore, what would be the vesting periods for this community tokens, what economic distribution model would FLURRY adopt, and with a possible IDO on the 20th of August, what format and how much of these community tokens will be allocated to this event? Talking voting privileges with the FLURRY token, to what extent will users be able to exercise such rights?
Could you please tell us the story behind the name Flurry? How did you get the inspiration to build Flurry? How will this name effect people in your opinion?
Could you tell us about the background and experience of Flurry’s DEVELOPMENT TEAM? How will they carry out your project during this current pandemic?
Revenue is a key factor for all projects to survive and keep the projects running, including Flurry. What is Flurry’s way of generating profit and revenue? What is Flurry’s revenue model?
Flurry Finance is creating the future of yield farming and I’ve heard that you will be launching your IDO soon? So while waiting for that day, can you give us 1st some clear overview of the tokenomics of your tokens $rhoToken and $FLURRY with their Utilities? Also how does your Yield Mechanism works and your vesting schedule?
Flurry is currently running a series of Gleam Campaigns which would last up to the period of your product launch. This community backed competition which serve as a prelude to your launch has the first event as a Sticker Designing Contest, where winners are entitled to have a seat on what Flurry calls “Throne of trolls” along with various monetary rewards. Therefore, can you briefly give details about this current competition, how can users participate and what are the requirements, and what other community events and competitions would Flurry roll out as part of the Gleam Campaign, in the coming days?
It strikes me that it signals that Flury Finance is “CONVENIENT” for users, since with being holders of rhoTokens we can obtain passive income, but really how “convenient” is it? will it really be much more rewarding than any other passive income product? Or is it that in addition to passive income, it will also provide other benefits?
You say that Flurry Finance is “the future of yield generation”, but will this yield future really be focused solely on stable currencies? If not, do you plan to expand your rho tokens to different tokens that are not stable?
You mentioned that rhoTokens can be spent in the same way as the underlying stablecoin, but how can you really spend and use your rho tokens? Could it be that there are various trading platforms that will accept your rho tokens?
I understand that in Q3 they will launch the rhoUSDT, rhoUSDC and rhoBUSD rhoTokens, but will this really be the only rho stablecoin tokens they will develop? Or in the long term do you plan to include all the stablecoins on the market?
One of the biggest limitations that we found in DeFi, is that to obtain passive income it is required to keep a large amount of tokens locked for a certain time, and that if it is unlocked before that time, the income will be lost, but will it be exactly the same in Flury Finance? or will it simply be a deflationary mechanism where just by being a holder my income will increase?
You mention that you will implement a “highly advanced” agricultural yield model, but could you really tell us more about the “innovative and advanced” features that Flurry has that we will not find in other protocols?
I understand that with Flurry Finance users will be able to generate performance by simply assigning the coins to DeFi protocols such as Compound, Aave, Curve, Cream, but in addition to these protocols, are there others that are compatible with Flurry? If so, could you tell us which are those protocols?
One of the characteristics that most caught my attention about Flurry Finance is that its returns will have lower risks, but with low risks, won’t the rewards be equally low? If so, will it really be attractive to everyone, or only to those with large amounts of capital?
rhoToken will be promoted by YIELD GENERATION and USER CASES perspectives. Two markets will be provided under User Cases, Centralized exchange and Decentralized exchange, trading of rhoToken will be traded against other cryptos like BTC, ETH etc on Centralized exchange and payment service providers to accept payment in rhoToken will be done on Dec exchage. Will rhoToken be able to possess the same value and risk as those of the corresponding stablecoin? Will the two exchanges exist forever in your project or CenExch will died down when rhoToken is listed on popular DEX such as Uniswap, Sushiswap, etc?
After identifying ETH network is congested with the rapid rise of DeFi which its transaction fees have shot up to new highs early this year, you still plan to build FLURRY on it. If the problem of gas cost is going away with all the upgrades coming in your project, will you neglect adoption of multi-chain? BSC network will bring the advantage of lower transaction cost and ease of switching over since it is EVM-compatible, Despite of all the advantages of BSC network why is that integrating BSC is still conditional in your project? How do you plan to grow widely with your low proportion of integrating more adaptable blockchain?
You publicly announced that you don’t offer first come first serve in your upcoming public sale, while you are still awaiting security audit from CertiK, How do you plan to handle spammers during public sale? How do you want to orientate new crypto investors about your public sale? You only have plan for public sale, what have you noticed about private sale for not having plan ahead for it?
You have conducted an audit with CERTIK audit firm & it is ongoing currently. When can we see the audit report of Flurry Finance? Can you share with us the current progress of this audit? And also you hope to integrate cross chain interoperability in future. So will you do more audits at each blockchain integration? Which audit platforms will you hope to hire in future audits in addition to CERTIK?
Initially you will build Flurry Finance on Ethereum & then Binance smart chain according to whitepaper. Flurry’s main goal is, providing low gas cost for Flurry users. So why are you going to build Flurry Finance on Ethereum first even the gas fee is very high in Ethereum chain? When will you move to the binance smart chain? In Q4-2021 Roadmap says, Flurry Finance intends to implement cross chain interoperability. After BSC chain, which blockchain network will you integrate to the Flurry Finance? Will you integrate routing system also in Flurry yield farming along with the cross chain interoperability?
Already you have launched the Flurry Testnet version 01, consisted with USDT is only available on Ropstan Testnet whereas testing with USDC is available only on Kovan Testnet. Do you have any tutorial guidance to try on yourTestnet for newbies? So can I begin the farming rhoUSDT & rhoUSDC & $FLURRY tokens with my stablecoins onwards here? And also you integrate three kind of option features called Earn, Snowball, Farms in Flurry Testnet app. Can you tell us the path that users can participate in these features within Flurry Testnet? What is the average APR for each of options mentioned above? Finally I want to know when will you launch Flurry Mainnet?
On your Roadmap Q3 2021 Flurry finance, the mainnet launched on Ethereum and has three rhoTokens. These are the rhoUSDT, rhoUSDC and rhoBUSD.Can you explain the advantages and distinctions between these three tokens in your ecosystem? What purpose do these tokens serve in your project?However, do you intend to switch to another blockchain in the near future? Which RhoTokens are the governing?
Currently, there are an array of platforms that offer governance tokens. Those platforms offer opportunities to generate a passive income from holding their own tokens. Although this feature is similar to you, #FLURRY users have to pay a total fee of 11%, a minting fee of 0.5%, a redemption fee of 0.5% and a management fee of 10%. While bearing these costs, why should users choose your platform instead of finding another platform with low fees? Do you offer more advantages compared to other platforms? After the deduction of fees from users, for what purposes will the funds be utilized?
The rhoTokens are minted when users converts their stablecoin and as their interest increase, rhoTokens supply increase in order for the rhoTokens to have a stable value of 1:1 . But when redeeming the token back to the initial stablecoin, what will happen to the minted rhoTokens? Will it be burnt or still remain in circulation? Can you throw more light on the flurry protocol?
Apart from the rhoTokens, you have the governance token ,$FLURRY which will be used for paying fees, making decisions, voting, e.t.c. You also talked about habing rhoTokens on different chains, will $FLURRY also be available on different chain? The tokenomics of these tokens; the $flurry and rhoTokens are not well defined. Can you tell us more about that?
Why do you distribute yield with rho tokens? Please explain the advantages from the platform’s side and from the users’ side. Shouldn’t have you used #FLURRY or stable coins? You have indicated 1 rhoUSDC is equal to 1 USDC. When users receive rho tokens, is there a platform where they can exchange them for stable coins? Further, you have indicated rhoUSDC can be spent the same way as USDC. Which platfomrs accept rhoUSDC as a payment method? Please explain the utilities of rho tokens. Do you assure rho tokens will not be undervalued in the long run?
Your projects focused mainly on yield farming when you deposit stablecoins to mint rhoTokens backed by the stablecoin.Yield farming is not restricted to stablecoins only. I want to know if your project is involved only in stablecoins or later there will be supports for other tokens like BNB.? Checking through the test app, i saw a farm pool for Flurry-USDC. For pairs like this, it is possible for impermanence loss to set in, is there any risk management effort from flurry?
A testnet reflects the status of the mainnet with little changes. The test app had three main page, one showing the rhoTokens you have, the apy and the amount of $flurry you earned for different activities, the remaining two, the staking and farming. One thing i observed is across the three features, reward are paid in $flurry but in your whitepaper, you talked about earning rhoTokens as interest. Can you try to reconcile this difference? Also, to perform any transaction on the test app, you will have to pay eth gas fee which will be higher in the mainnet, how soon will it be possible to migrate to other chain? The Solana, bsc others have better yield farming pools also.
Flurry has released 3 rhoTokens so far (rhoUSDT, rhoUSDC and rhoBUSD). Do you also work for other chains (SOLANA, BSC etc.) and other tokens? What stage are you at?
The Flurry Finance Testnet version 1 is now live on both Ropsten and Kovan Testnet. My question is, do we have to invest certain amount inorder to get some Testnet tokens? Will these Testnet tokens have any significance when the Mainnet goes live? What rewards and advantages might we gain from trying with the Testnet?
One of the great features of Flurry Finance is it gives Convenient, in which FLURRY provides a nice user interface and gives users a clear picture of how and how much interest is earned. All users have to do is to hold the rhoTokens and wallet balance will grow automatically to reflect the interest earned. So,can you tell us how does transparency being implemented and experience by users of Flurry Finance? Can you specifically tell us if how much rhoTokens we must hold to earn interest? In which wallet we can hold rhoTokens? Honestly,I had one token that I hold and it grows instantly a little but unfortunately that tokens remains unnoticed and low value because it was not being listed to some bigger exchanges,so can you tell us what is your plan to strengthen the value of rhoTokens on the market especially now in a Bear season? Do you plan to list to some bigger CEX or DEX exchanges in the future? Thank you
The most important aspect of any project is its security. Have you undergone an audit to make it more secure and reliable?
Do you have any plan to expand your project in other chains like BSC, Polkadot in the future?
Are you afraid someday there will be another project with more innovative technology that can replace your project?
While you build your project, do you take into account community feedbacks and demands?
Hi Flurry!
Flurry is based on two token system: $FLURRY and $rhoTokens. I’d like to learn more about your stablecoins analogs rhoUSDT, rhoUSDC and rhoBUSD. As I understand, users have to deposit USDT, USDC or BUSD to mint corresponding rhoTokens, why is your model based on rhoTokens as opposed to directly rewarding users with stablecoins? How does this model help Flurry to create a better yield generation platform compared to competing platforms like aave, compound etc? Btw how do users go about converting rhoTokens back to the stablecoins, are there time lockups or can this be done at any moment?
Thank you!
Hi Flurry!
Flurry promises to diversify smart contract risks by allocating assets into different pools of DeFi products. Please tell us how exactly Flurry performs yield farming and auto compounding? Have you made calculations, is it more efficient vs the user manually compounding periodically? Can you outline what features make FLURRY different or maybe better than the competing projects like Autofarm, Beefy, Venus etc. And lastly, what solutions do you have to avoid inflationary price decline of the native tokens due to the high minting rate that so many farms suffer from?
Thank you!
Hi Flurry!
Flurry redistributes yield to the holders of rhoTokens by increasing the supply of the
corresponding rhoTokens. Users will see the number of rhoTokens grow in their wallets according to the
yields earned from the protocol. How do you make sure this supply inflation is not causing the price of the rhoToken to fall below the 1:1 peg vs its backing token.
As we all know many yield aggregators have a problem where the deposit tokens lose their value in the native token pairs. How is Flurry’s approach different in this regard?
Thank you!
In your telegram,I found out that you just launch Flurry Testnet and we can get faucet on ethereum on corresponding testnet like Ropsten and Kovan only and I think this two Testnet is both available in Metamask only. So,why choose this Testnet via Metamask? Can you explain and make us more understand about this Flurry Testnet? What is the purpose of this Testnet? Do you plan to also connect Flurry testnet to other wallet like in Trustwallet or other wallets like Atomic wallet especially to those who are not so convenient to use Metamask wallet? As you just launch Flurry Testnet,when can we expect a Beta version or an upgrade version of Flurry Testnet? Thank you
Before trying the Testnet, I’d like to know how FLURRY plans to address the following issues: high gas fees, a poor user experience, and fund locking. What distinguishes you from the competition as a Yield Aggregator?
defi hottest topic , “i am white hat hacker” , “$sushi hottest topic” , etc. so many people say it and put it on all project. now i will make it diffrent. what you think Rug-Pull system on ? and are you going to make some similiar system on your project
A few days ago a DeFi project did an AMA and in less than a week it turned into a scam or rug pull so I would like to know why it would be a good idea to invest in Flurry and how do you plan to gain the trust of the community?
I don’t see any information about the security and protection of project user information. So how will your platform protect investor and customers? Everything will be very bad if you are attacked by hackers
Buyback mechanism is a very good and being used by many projects. This mechanism will bring many benefits to Flurry. Do you plan to add this mechanism to your project?
Q1. According to me Almost 90% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
As we’ve seen flurry has launched its testnet now so my question is when will we be able to see flurry’s mainnet? will you guys directly launch the mainnet version or will you launch beta version first? will you do a bug bounty program to know about your Project’s vulnerabilities
– Is your project a global project or is it restricted to some areas only ?
– As we can see a lot of new projects are coming everyday and exit scams so how will you make us believe in your project and how is it better than others ?
-And Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable?
As mentioned flurry works in various cross chains how the transaction fees will be calculated