### What is Flamingo Finance?

Flamingo Finance is a decentralised finance (DeFi) platform built on the Neo blockchain. It offers a range of services, including token conversion, liquidity management, and yield-generating staking. It incorporates advanced features for transaction efficiency and cross-chain interoperability.

### How does Flamingo Finance work?

Flamingo Finance operates through several components integrated into a single DeFi ecosystem. It uses smart contracts on the Neo blockchain to automate transactions and employs the Poly Network interoperability protocol to enable cross-chain transactions. The platform features a cross-blockchain asset gateway, a liquidity pool, an asset vault, perpetual contracts, and a decentralised governance organisation (DAO).

### What are the potential use cases for Flamingo Finance?

Flamingo Finance's use cases include:

- **Decentralised Finance (DeFi) applications:** Leveraging its comprehensive DeFi infrastructure.
- **Cross-chain asset management:** Facilitating interoperability between different blockchain networks.
- **Liquidity provision and staking:** Offering rewards to users who provide liquidity and stake tokens.
- **Yield farming and liquidity mining:** Allowing users to earn returns on their cryptocurrency holdings.
- **Perpetual contract trading:** Enabling advanced financial trading options.
- **Governance through DAO:** Involving token holders in the decision-making process for platform development.

### What is the history of Flamingo Finance?

Flamingo Finance was launched in September 2020, incubated by Neo Global Development (NGD). Within a week of launch, it reached over $1.5 billion in total value locked (TVL). In October 2021, the project transitioned to MyMingo for further development and management. Significant advancements include the implementation of a governance mechanism through DAO and the introduction of various features to enhance platform capabilities.

Flamingo Finance

Uniswap

Aave

Rocket Pool ETH

NEXO

PancakeSwap

Injective

Lido DAO

Curve DAO

Pendle

Raydium

Synthetix Network

Sun Token

Syrup

Olympus

DeXe

Flamingo Finance (FLM)

Similar Coins

DAI

UNI

AAVE

RETH

NEXO

CAKE

INJ

LDO

CRV

PENDLE

RAY

SNX

SUN

SYRUP

OHM

DEXE

Resources

Flamingo Finance (FLM) Price Index

Flamingo Finance Price

Trading volume

Market cap

Resources