CandleFocus Flamingo launches f- and p-asset migration, wave three of LP changes, new collateral assets
2024-09-26
Author: Content Editor
Flamingo Finance has announced the relaunch of the Poly Network bridge and made several updates. The updates include an Action Center to help users migrate assets affected by the recent Poly Network hack, changes to the FLM token emission, and new collateral tokens and interest rates for Flamingo Lend. The Poly Network bridge will reopen between Sep. 27 and Sep. 29, with Neo Global Development taking over maintenance responsibilities. Flamingo has also launched an Action Center to assist users in preparing for the bridge relaunch. They have also made changes to FLM token distributions, reduced daily emissions, and implemented new yield allocations. Additionally, Flamingo has changed the type of collateral and interest rates for the FUSD stablecoin. Users can now use FLM tokens as collateral with a 1% interest rate and fWETH as collateral with a 6% interest rate, while the interest rate on bNEO collateral has decreased from 3% to 1%. The full announcement can be found in the provided link.
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