Yield farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards.
In some sense, yield farming can be paralleled with staking. However, there’s a lot of complexity going on in the background. In many cases, it works with users called liquidity providers (LP) that add funds to liquidity pools.
What is a liquidity pool? It’s basically a smart contract that contains funds. In return for providing liquidity to the pool, LPs get a reward. …
The concept “bridge” represents the connection mechanism that allows the transfer of tokens between different blockchains.
To get the best of both BC with Flapp: Ethereum Mainnet (ERC20) and Binance Smart Chain (BEP20).
On the one hand, we have the Ethereum Mainnet, the blockchain where we first deployed FLAP, and on the other hand, the innovative Binance Smart Chain that brings cheaper fees (x250) and instant transaction verification.
Two blockchains will bring us a greater volume of trade, that is, more tokens burned benefiting the stakeholders, that is why other of our jobs will be to soon include Flama in…
Build dapps and frontend for the flamanet.io ecosystem and get rewards!
Everyone who enters the Flama Dev Challenge is eligible for the following prizes:
🏆 1st place — $3,000 in $FMA + $2,000 in $FLAP
🥈 2nd place — $2,000 in $FMA + $1,000 in $FLAP
🥉 3rd place — $1,000 in $FMA tokens
4–5th place — $300 in $FLAP tokens each
6–10th place — $100 in $FLAP tokens each
This challenge focuses on community-built dapps that will increase FSS staking dividends by increasing FMA transfers or increasing FLAP fees through dapp use.
Flapp dapps require a FLAP fee that…
By following these simple steps, you too can be part of the DeFi revolution that this project will bring.
Binance Smart Chain is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine.
The first step to move the FLAP ERC20 token into FLAP BEP20 is to register this new blockchain.
In case you use Metamask, Binance Smart Chain should be set up. This is easy to do and easy to change between networks using the button near the top of the app.
Flama Ecosystem is a platform for building dApps with enhanced features like staking. On the other hand, Flapp is the utility token used to pay the protocol fees.
In this way, these enhancements give us the ability to create innovative features like Inverse Lending. So, one of the requirements to be able to enjoy the Flama Network and DeFi functions such as the Staking Platform, among others, will be to buy the token.
FMA token is deflationary. In this case, 3% of the total transaction is burned, 1% will go to the stakers and the remaining 2% disappears.
Flama’s core developers are proud to announce Flapp Dapps are opening its doors to the Binance Smart Chain (BSC) ecosystem!
Flama’s Developer Community has been dealing with the responsibility of finding a scalable solution for their ongoing developments. To materialize the vision of the Flama project and its FLAPP Defi Dapps, we needed a faster and cheaper Blockchain.
Ethereum’s current gas price makes it difficult to process microtransactions (in-dapp micropayments) which are the base of our Decentralized Applications. Ethereum’s high fees and slow transaction speed are an obstacle for our dapps.
After researching a considerable amount of options, we have…
Lending platforms offer the possibility to borrow a percentage of your holdings by depositing an amount of coins and they charge an interest for that.
There are some coins/tokens which offer staking, that means you get more coins by simply holding them.
We are building a protocol that will allow borrowers to pay negative interest on their loans.
How can we achieve that? Let’s see that with an example:
Alice deposits 100 coins in a platform to borrow 50 USD with a 5% interest rate.
After 1 year, Alice will have to deposit back the amount borrowed (50 USD)…