Flory Finance is announcing an exciting development in the defense world, as the successful launch of rhoToken marks the next level of evolution in the yield set! Users are now able to earn, trade and spend deposit tokens freely while farming without interruption or lockup period. The future of crop farming has come!
rhoTokens supports stable currency and 3 types of stable coin deposits on a 1: 1 basis. Users can now use Flurry Finance DApp to convert USDT, USDC, And BUSD Stable coins in its corresponding rhoTokens rhoUSDT, rhoUSDC, And rhoBUSD To achieve passive income through the combination of yields of the FLY protocol without the usual hassle, complexity and high gas fees associated with the various DFI nding protocols and tokens lending directly to the exchange.
To fully explain this important occasion, it is important to know how rhoToken differs from other crop cultivation deposit tokens. In its most basic form, rhoToken is a deposit token that operates on the basis of a pegged value and elastic supply. This means that while earning yield, the number of rhoTokens in the user’s wallet varies, with newly earned rhoTokens Re-established in users’ wallets at 8:00 UTC every day. This differs from most traditional therapeutic crop cultivation deposit tokens, whose value changes at the time of yield, and therefore they are subject to lockup periods where they cannot be exchanged, spent or redeemed. Since rhoToken has a base value pegged and no lock-up period, it can do all this at any time!
Outside of the great usability that users have, rhoToken is flexible on it Supports cross-chain functionality. The first launch of RhoTokens will be based on the Benson Smart Chain. Going forward, rhoToken will soon be available on Ethereum blockchain, MATIC (Polygon) and the new generation blockchain network for more yield options in the defi space! The Flurry protocol automatically monitors cross-chain conditions to evaluate and identify the best possible yields across all networks.
To exchange your rhoTokens and achieve passive hassle free yield, See Flurry Finance DApp.
Road to Rohotoken
Flurry Finance began to break down barriers to users in the Defy space and create the future of crop farming, with the ultimate goal of helping to embrace widespread adoption. To this end, in July 2021, Flurry Finance collected 3 3 million seed rounds from AU21 Capital, Genblock Capital, CoinUnited.io, One Block, Soul Capital and Dutch Crypto Investors to scale the Flurry Protocol yield aggregate.
One month later, in August 2021, Flurry Finance formed a partnership with Polygon to increase the effectiveness of cross-chain crop cultivation. Ultimately the partnership helps solve the problem of fragmentation of crop cultivation across the slurry network and at the same time greatly reduces the fees involved. In the same month, Flurry Finance began working with Kibar’s network maker-KibarDMM to further optimize cross-chain crop farming, providing sufficient liquidity at low slippage rates and transaction costs.
Then on September 6, 2021, Flurry Finance launched an IDO for the $ FLURRY Governance Token. Public selling was widely accepted, and $ FLURRY is now trading Uniswap, Pancakeswap, & Gate Exchange.
Now, as of October 11, 2021, rhoTokens available for exchange Upstairs Flurry Finance DApp.
About Flurry Finance
Flurry Finance was introduced to make the DFI user experience as convenient as possible and to improve the usability of DFI products. Shaking problems rhoTokens which is 1: 1 of their underlying stability. rhoTokens is cross-chain interoperable, stable, flexible and profitable for users. The Storm protocol Designed to work across chains and to offer user-friendly fee-integrated returns, the tedious task of switching in and out of DFI products across different chains automatically.
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