Flamingo is an interoperable full-stack DeFi protocol based on NEO, and FLM will be distributed according to the contribution of participants. In the early days of the Flamingo project, FLM will be allocated according to the following usage scenarios, and will be handed over to the community for modification and decision after the DAO goes live.
Cross-chain asset pledge (only for the first week of "Mint Rush" phase)
Staking LP tokens obtained by providing liquidity (after "Mint Rush")
Mint FUSD inside the Vault
Perpetual contract trading in Perp with FUSD as margin
Participate in governance through DAO
This article will introduce two mining methods in the first mining period (the first week), both are single-currency mining, and one is to conduct decentralized asset cross-chain mining, which is decentralized and has a certain operating threshold. The other is one-click pledge mining on the centralized platform, no cross-chain, no gas fee, and enjoy mining currency mining.
Official website link: flamingo.finance
Mining category: single currency mining
Mining time (Phase 1): 21:00, September 25th - 21:00, September 30th (UTC+8)
Mining income: 50,000,000 FLM will be distributed during the period
Participants: NEO asset holders, Ethereum asset holders, and ONTd asset holders
Mining steps: The holder transfers the assets through the "Wrapper" module to cross-chain the original assets into NEP-5 assets on the Neo blockchain and then pledges them into the "Vault" module to obtain FLM income immediately.
The following tutorials mainly take NEO asset holders as an example
wETH is the ERC-20 mapping of ETH, ETH holders please go tohttps://wrapeth.com/Or Uniswap for mapping.
ONTd is the OEP-4 mapping of ONT, ONT holders please go tohttps://swap.wing.finance/to map.
secondary titlehttps://docs.flamingo.finance/v/cn/faq
Step 1: Prepare the plug-in wallet
Wallet needs to prepare Chrome desktop browser to log in
NEO asset holders need to download the NeoLine wallet:https://neoline.io/
Ethereum ERC-20 asset holders need to download MetaMask wallet and NeoLine wallet:https://metamask.io/download.html
ONT asset holders need to download the Cyano plug-in wallet and NeoLine wallet:https://chrome.google.com/webstore/detail/cyano-wallet/dkdedlpgdmmkkfjabffeganieamfklkm
secondary titlehttps://docs.flamingo.finance/v/cn/go
Step 2: Use Wrapper to convert NEO assets to nNEO through the wallet plug-in
1. Open Flamingo official website
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Step 3: Stake assets in Vault to obtain FLM
Open the official website link: flamingo.finance, select "Vault"
Connect the NeoLine wallet, click "Connect" in the pop-up NeoLine wallet.
After the wallet is successfully connected, you can see the status of your assets, including total assets, Staked assets, Remaining unstaked assets, APY annualized income, etc.
Click Deposit to deposit assets.
In the pop-up window, you can see the amount of nNEO that can be deposited.
Enter the amount of nNEO you want to deposit, and click "Confirm" to confirm.
In the NeoLine wallet that pops up, adjust the GAS according to the current network status, and click OK.
Wait for the network to confirm, the confirmation time is about 15 seconds.
Depositing assets will generate FLM rewards at the same time, and the number of FLM will increase with the increase of block height, and you can choose to withdraw rewards. Click Claim to withdraw all rewards that have been distributed but not yet withdrawn.
- Click Withdraw. In the window that pops up, you can see the number of nNEO that can be taken out, enter the number of nNEO you want to take out, and click OK to cancel mining.
