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FLURRY is the governance token of the Flurry protocol, available on swaps and exchanges. By holding FLURRY, users can vote on various parameters in determining the development of Flurry protocol, such as fee percentages and whitelisting or blacklisting yield farming DeFi protocols. It operates like stocks in token form on a decentralized network. The Flurry protocol automates the yield farming process with rhoTokens, eliminating the tedious task of switching between different DeFi products on different chains to generate yield with deposits.
The price of rhoToken is pegged 1:1 to the underlying stablecoin, making it flexible and user-oriented. rhoTokens can be spent the same way as the underlying stablecoin, without the need to redeem them before using funds. The yield generation process is fully automated and transparent, with the Flurry DApp providing a clear picture of how much interest is earned once a deposit is made. Users need to hold the rhoTokens, and their wallet balance will grow to reflect the interest earned.
FLURRY’s roadmap includes plans to launch rhoTokens on Binance Smart Chain (BSC) and Polygon (MATIC), as well as deploying new strategies on these platforms. Additionally, they aim to integrate with Kyber Swap, activate cross-chain bridges on FLURRY token, and expand to other network chains. The project emphasizes the automation of yield generation, flexibility in token usage, and cross-chain compatibility to provide users with a seamless and efficient yield farming experience.
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