Step10: Click "Confirm" after confirming all information. Step3: Adjust the GAS fee in NeoLine wallet, and then click "Confirm". This FIP proposes a redesigned asset flow for the Flamingo platform, to improve overall usability and asset interoperability. it's the notion that crypto entrepreneurs can recreate traditional financial instruments in a decentralized architecture, outside of companies' and governments' control. Ethereum asset holders, including wETH*/WBTC/USDT/UNI-V2 WBTC-ETH LP holders, will need to deposit the ERC-20 assets into the "Flamincome" module first before participating in Flamingo. Flamingo is an NFT-focused DAO that aims to explore emerging investment opportunities for ownable, blockchain-based assets. During launch of Flamingo, Neo network may experience high traffic. Step1: Click "Unwrap" on the Wrapper page. The Vault is Flamingoâs one-stop asset manager, integrating asset staking/mining, and collateralized stable coin issuance. Go to Cyano plugin wallet website in Chrome, click “Add to Chrome”. x-asset holders can use x-asset for cross-chain functionalities but do not earn interest by holding them. Step1: Open MetaMask wallet, click “Import Wallet”. Step9: Enter the amount of nUSDT you want to wrap and the amount of received pnUSDT will be filled up automatically. It works with O3 or Neoline Chrome Extension. Read writing from Flamingo Finance on Medium. NEO asset holders only need to download the NeoLine wallet. The migration will begin with WETH and later with USDT and wBTC. Interoperability is one of the main features of the Flamingo project. docs.flamingo.finance github.com Discussion - webchat.freenode.net t.me t.me Announcement - bitcointalk.org Chat discord.gg Url Algorithm - Scrypt Start Date - 2013-12-15 Related Compares Flamingo vs Dogecoin . This user guide is only for desktop version of the product, and Chrome browser is recommended. We will use NEO as an example in this part. assets to the "Vault" module, and receive FLM. Swap adopts the Constant Product Market Maker (CPMM) model, which was popularized in many ⦠Step6: Enter the amount you want to withdraw and click "Confirm". (pn-assets and px-assets). Enter the amount of nNEO you want to unwrap and the amount of received NEO will show up automatically. Contribute to flamingo-finance/flamingo-audit development by creating an account on GitHub. They can convert NEO to nNEO directly through the "Wrapper" module on the 23rd, and stake in the "Vault" module on the 25th. Step16: Wait for about 15 seconds, click "View on NeoScan" to check the transaction status. can transfer their assets from the original chain to the Neo blockchain through the "Wrapper" module to generate NEP-5 assets. You can choose to claim FLM rewards. Changes in Flamincome (not within the scope of this proposal*), For more information on voting, please refer to the ". (nNeo is the wrapped version of Neo. Step6: Now, you can see that the NeoLine and MetaMask wallets are connected. Check the status to make sure you are connected. ONT asset holders need to download Cyano plugin wallet and NeoLine wallet. Step5: Choose the wallet you want to connect on the pop-up MetaMask wallet and click "NEXT". *wETH is the ERC-20 wrapped token of ETH. Only MetaMask wallet is needed when "Flamincome" module is launched on the 23rd, and both MetaMask wallet and NeoLine wallet will be used when "Wrapper" is launched on the 23rd. need to download MetaMask wallet and NeoLine wallet. Neo Global Development has released the litepaper for Flamingo, a full-stack DeFi protocol, and proposed 13-week FLM distribution schedule. Step2: Enter seed phrase and password, click “Import”. Memorize Elvish vocabulary from The Lord of the Rings with Flamingo! **ONTd is the OEP-4 wrapped token of ONT. Flamingo Finance Daily Performance Today's Flamingo Finance price is $0.936522, which is down 11% over the last 24 hours.Flamingo Finance's market cap is $140.14M. 23rd Sep, the "Flamincome" module will be launched. Step 8: Based on the current internet condition, GAS fee will be adjusted automatically on the pop-up NeoLine wallet. f-assets will be used as margins once the redesign is completed. FLM Step7: Click "Unwrap" and select the type of asset to unwrap. An interoperable full-stack DeFi protocol on Neo. Only MetaMask wallet is needed when "Flamincome" module is launched on the 23rd, and both MetaMask wallet and NeoLine wallet will be used when "Wrapper" is launched on the 23rd. Click "Confirm". Users can. Every day, Flamingo Finance and thousands of other voices read, write, and share important stories on Medium. n-assets and unstaked f-assets (ERC-20)* -> 1:1 to original ERC-20 assets, f-assets (NEP-5)* <-> ERC-20 original assets, ERC-20 original assets <-> f-assets (NEP-5)* <-> Swap. Step7. Below is an illustration of the redesigned cross-chain asset flow between Flamincome and Flamingo. They can convert NEO to nNEO directly through the "Wrapper" module on the 23rd, and stake in the "Vault" module on the 25th. Click "Confirm" and the pending process will pop up. Step1: Open Cyano wallet, click “IMPORT PRIVATE KEY”. Enter the amount you want to deposit and click "Confirm". You will receive the fWETH to your Neo wallet. Step3: Click"Connet" on the pop-up NeoLine wallet. Step1: Go to flamingo.finance and click on "Vault". The time for FLM claim is to be determined. Step7: Click "Confirm" after confirming all information. Following the above procedure, all your assets have already been transferred to the Neo blockchain in Wrapper. During the migration period, current n-asset holders will be able to migrate all their n-assets back to underlying original assets at a 1:1 ratio. The step-by-step guides on how to use Flamincome and Flamingo will soon be released on docs.flamingo.finance, and will be updated in real time as the project develops. Step9: Your MetaMask address will pop up automatically. Step2: Click "Select" and choose nNEO in token list. Step6: You can now check your transaction status by searching the Hash in your familiar explorer. âs all-time high). Binance is excited to announce the 3rd project on Binance Launchpool - Flamingo (FLM), an interoperable, full-stack decentralized finance protocol built on the Neo blockchain. Then the second confirmation page will pop up, click "Connect". September 10, 2020 in General Neo Global Development (NGD) has outlined its initial release schedule for FLM, Flamingo Financeâs NEP-5 governance token. Step10: Enter the amount of pnUSDT you want to unwrap and the amount of received nUSDT will be filled up automatically. Go to Flamingo Wrapper: https://flamingo.finance/wrapper With the Wrap tab active connect your wallet, choose pnWETH, input the required amount, click Next: Click Confirm on the next screen. Due to the leverage of x-assets in asset pools, Flamincome will intrinsically deliver a higher yield for y-assets compared with other yield generation protocols, thus realizing asset cross-chain with yield optimization. Therefore we can manage these assets in Vault by interacting with the NeoLine wallet. Step3: Click "Connect" on the pop-up NeoLine wallet. need to download Cyano plugin wallet and NeoLine wallet. Step5: Based on the current internet condition, GAS fee will be adjusted automatically on the pop-up NeoLine wallet. Step8: Wait for about 15 seconds and then the withdrawal should be completed. Users can perform one-directional n-assets to original assets conversion on Flamincome. 23rd Sep, the "Wrapper" module will be launched. Step2: Click "Claim" to claim the distributed rewards. Step1: Go to flamingo.finance, Click on "Wrapper". Step3: Click"Connect" on the pop-up NeoLine wallet. During the migration period, current n-asset holders will be able to migrate all their n-assets back to underlying original assets at a 1:1 ratio. Flamingo Swap is Flamingoâs on-chain Auto Market Maker (AMM), providing liquidity to wrapped assets, FLM, and other NEP-5 based tokens. In the future, Flamingo may also support more cross-chain assets deriving from the same asset collateral. Step5: The claimed FLM will show on Dashboard. Step1: Go to flamingo.finance, click on "Wrapper". Step7: Click"Select" on the Wrapper page and select nUSDT. Step14: Click "Confirm" to interact with the Neo network. *f-assets (ERC-20) refers to the legacy asset type on Flamincome. Both x-assets and y-assets can be withdrawn to the underlying original assets with minimum friction. New trading pairs with f-assets will be set up and users will need to migrate their liquidity from relevant pools. Existing n-assets can be migrated in a frictionless way without the need for cross-chain operations. Step11: Click "Confirm" after confirming all information. In the AMA, Gao provided an overview of lessons learned since launch, upcoming changes to the asset flow model, Flamingoâs roadmap for the first half of 2021, and answered questions from the community. ð¦©The redesigned asset flow is now live with WETH asset migration! Users must first wrap their tokens using Flamingoâs wrapper function. While the logic behind this design is solid and all n-assets are fully backed by corresponding original assets, the introduction of non-transferrable Collateralized Debt Positions (CDPs) still creates a barrier for the fluid redemption and arbitration to maintain the value pegging. Then click "NEXT". Optimizations and improvements will be made throughout the user interface. Once the redesigned Flamingo platform is launched, relevant changes in Wrapper and Swap will also be made to reflect the implementation of the f-asset. Flamingo is an interoperable, full-stack decentralized finance protocol built on the Neo blockchain. flamingo.finance. Finance Photos Videos Docs Even more » Account Options Sign in Open full screen to view more This map was created by a user. As a unified cross-chain asset gateway, the newly introduced NEP-5 f-asset will become a multi-compatible foundation for other changes in the future. Step3: After creating a new wallet, please backup your private key. Step2: Enter private key and password, and then restore your wallet. Step9: You can check your transaction status by searching the Hash in your familiar explorer. Step5: Choose the wallet you want to connect in MetaMask and click "NEXT". Learn how to create your own. Step2: Enter wallet name, password, and private key, click “Import”. Step6: Enter the amount of NEO you want to wrap, then click "NEXT". 23rd Sep, the "Flamincome" module will be launched. Once the redesigned Flamingo platform is launched, relevant changes in Wrapper and Swap will also be made to reflect the implementation of the f-asset. Besides current wrapping and unwrapping functions, the asset cross-chain functionalities will be further packaged so that users can directly wrap their original assets from other blockchains to NEP-5 based f-assets. This proposal only covers changes within the Flamingo project. Check the condition to make sure you are connected. The team has earlier deployed measures of mitigation, but to resolve this issue permanently, the team is now taking a more innovative and thorough approach to redesign the asset flow in both Flamincome and Flamingo, to optimize the cross-chain asset flow process while maintaining value pegging to the original asset. Step12: Adjust the GAS fee in NeoLine wallet, and then click "Confirm". Step13: After the confirmation of 12 blocks of Ethereum network, you can check the pending process on the Transaction page. As a result, price disparities of n-assets on Flamingo Swap have been observed. Restore the Value pegging between cross-chain assets and their underlying original assets. 23rd Sep, the "Wrapper" module will be launched. 25th Sep, the "Vault" module will be launched. Step15: Click" Complete" to finish the whole unwrapping process. only need to download the NeoLine wallet. Step1: Open Cyano wallet, click “NEW ACCOUNT”. The explanation of the Flamincome redesign is only for the holistic understanding of the entire asset cross-chain process. Users intending to enjoy yield through yield farming can perform bi-directional conversions between original assets and y-assets on Flamincome. Click "Confirm" and the pending process will pop up. Step1: Go to flamingo.finance and click on "Vault". Maintaining the value pegging between cross-chain assets and underlying original assets ensures fluid redemption and arbitration of value. We will use nUSDT as an example. It is suggested to use increased network fees when transfer your assets through NeoLine in Wrapper. It is important to improve the scalability and user experience of the Flamingo project, so that the new design will be future-proof to any further change of the cross-chain asset flow. Docs ð Docs English Converting NEO to pNEO on Heco Creating HECO wallet in Metamask Converting NEO to pNEO on BSC Powered by GitBook Converting NEO to pNEO on Heco 1. The complexity of the current cross-chain asset structure may create confusion and inefficiency. Flamingo Tv is the best Cable and Internet Provider on the island of Bonaire. You can adjust GAS fee and then click "Confirm". During this period, you can use "View on EtherScan" to check the transaction progress. Step4:Please verify and backup your private key. The redesigned Wrapper will include the following Wrapping/Unwrapping functions: Original-assets <-> f-assets (original assets will be pooled in Flamincome to boost yield for y-assets). They encompass digital art, collectibles, and in-game assets and Step5: Your NeoLine address will pop up automatically. Step3: Check your asset status, including total assets, staked assets, the remaining unstaked assets, and APY. Entrances to legacy Vault versions (V1, Mint Rush V1, MInt Rush V2) will still be available for users to manage assets. 9 min read Yuan Gao, Product Lead of Flamingo joined the Discord community on 4th Feb 2021 to talk about FIP2 and future plans of Flamingo. y-asset holders will enjoy the interest generated by the entire original asset pool (staked for both y-asset and x-asset). Step1: You will get FLM when you deposit the assets and the amount of FLM is increasing with the increase of block height. For more information on voting, please refer to the "Vote for Governance Proposals" section within the FAQ. FLM distribution schedule will be gradually adjusted to incentivize users to provide liquidity to f-asset trading pairs in Swap. Common users will not need to deal with intermediate assets such as x-assets and px-assets. You can check the transaction status by visiting EtherScan. Vote at: https://flamingo.finance/voteâ. Reload to refresh your session. They can directly convert ONTd to pONT through the "Wrapper" module on the 23rd, and stake them in the "Vault" module on the 25th. Step13: Wait for about 15 seconds, meanwhile you can use "View on NeoScan" to check the transaction status. Step8: Your pnUSDT (Nep-5) address will pop up automatically. Step2: Connect NeoLine wallet and click "Connect" in NeoLine. Please go to https://wrapeth.com/ or Uniswap for wrapping. You signed out in another tab or window. Then the second confirmation page will jump out, click "Connect". Step2: Click the top right corner to connect NeoLine wallet. Changes in Wrapper Besides current wrapping and unwrapping functions, the asset cross-chain functionalities will be further packaged so that users can directly wrap their original assets from other blockchains to NEP-5 based f ⦠The underlying mechanism of Swap will not be changed. With the redesigned Flamincome, the Flamingo platform will need to handle cross-chain assets from both Flamincome versions. Step1: Open MetaMask website https://metamask.io/ in Chrome. Step2: Enter wallet name and password, click “Create”. Flamingo Finance is a DeFi module under incubation by Neo Global Development, which offers cross-chain assets swapping and yield from liquidity pools. The time for FLM claim is to be determined. Also, you can check the amount of unwrapped NEO in NeoLine wallet. Phase 2 - wBTC and USDT asset migration: Tentatively early March. Step3: Check your asset status, including total assets, staked assets, the remaining unstaked assets, and APY. Step3: Your NeoLine address will pop up automatically. Step12: After the interaction of authorization and Ethereum network, the contract interaction will pop up on MetaMask. Improve robustness and future-proof-ness of Flamingoâs asset flow design. The migration will first start with WETH and later with USDT and wBTC. Phase 1 - Flamingo redesign launch and WETH asset migration: Tentatively end of Feburary. Step6. Step14: Click "Confirm" to confirm the contract interaction in MetaMask, wait for the confirmation of 12 blocks on the Ethereum network. Open NeoLine website https://NeoLine.io/ in Chrome. The team will continue to improve and test the protocol before the official launch. Step5: Check the amount of your available nNEO. 2: Read the FLM litepaper here: https://docs.flamingo.finance/litepaper 3: DEFI just stands for decentralized finance. Step1: Go to flamingo.finance, Click "Wrapper". Wrap Neo to nNeo on Flamingo.finance. Flamingo Financeâs price has gone as high as $56.12 (which is FLMâs all-time high). 25th Sep, the "Vault" module will be launched. Original assets are transferred to pegged assets in Flamincome, therefore the Ethereum assets you input to Wrapper should be nwETH、nWBTC、nUSDT、nLP (Uniswap V2 WBTC/ETH). Step7: Adjust the GAS fee in NeoLine wallet, and then click "Confirm". 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