Flamingo Finance has announced the latest changes in his platform, including a new method to end his over-collateralized Stablecoin, FUSD, as well as FLM-Minting changes.
USDT to FUSD
Users can now go directly with USDT on NEO N3, offering an alternative to mining by taking a loan with Flamingo Lend or Exchanging for Fusd with Orderbook+ or Convert. The reverse operation is also possible.
USDT to FUSD and FUSD to USDT is accessible via the Wrap & UNWRAP interface on the Activa Actions tab on the Web app. Although the mivest of USDT is not subject to limits, the unpacking from FUSD to USDT depends on the USDT reserves of the contract.
Reward changes
Flamingo has announced various changes to its FLM reward system, starting with the removal of bonus Apr for users who use in certain liquidity pools while holding a FUSD loan. This will take place on May 21.
Updated FLM MINTING STANDINGS (Source: Flamingo)
The platform also considerably reduces the daily FLM mint rate, from 146,880 to 86,400 FLM per day. Various Polish will see changes in their allocation shares as part of this redistribution. The most striking is that the SWTH-FUSD and USDT-FUSD-Pools now have 0% allocations and FLM-Bneo has been increased from 30% to 37%.
LP -Tokendoing
The team has announced its intention to develop support for the use of LP -Tokens as collateral within Flamingo Lend. This would enable users to borrow FUSD against their liquidity position. This development does not have a solid timeline, but is expected to be deployed in the coming weeks.
Read the original announcement on the link below:
https://medium.com/flamingo-finance/flamingoupdate-may-19-2025-94841850ca9a
