Flamingo Finance has launched its roadmap for 2024, which incorporates the launches of Orderbook+ v2; FLOCKS, an evolution of the FLUND single-staged staking index-like fund; a token public sale module; and extra. Flamingo 3D designer SOMNIUMWAVE created a video highlighting the breadth and depth of forthcoming adjustments to the DeFi platform.
OrderBook+ v2
OrderBook+ is a block-based order ebook that makes use of automated market makers and restrict orders to ascertain a decentralized buying and selling protocol with tightened spreads. AMMs permit customers to commerce tokens permissionlessly and routinely by liquidity swimming pools, whereas restrict orders routinely set off a commerce on the person’s pre-selected worth of an asset.
The v2 updates are geared toward enhancing pace and precision, whereas additionally enhancing liquidity and the block-based order course of by proscribing direct entry to the AMMs. As a substitute, all buying and selling processes will first run by the order ebook contract, which may then entry the AMMs. The final word purpose is to offer smoother on-chain trades and tighter spreads.
Moreover, v2 lays the groundwork for future options like margin buying and selling and superior order sorts.
FLOCKS
FLOCKS is the following evolution of FLUND, initially created to satisfy a requirement for single-sided staking on Flamingo. The group supposed for FLUND for use as a part of a long-term acquire-and-hold technique. Nevertheless, the digital asset automobile has been host to a excessive diploma of short-term buying and selling.
As soon as stay, FLOCKS holders will earn charges from the platform as a type of dividends. The FLOCKS protocol can even combine governance weighting for customers to vote on platform actions, equivalent to including liquidity swimming pools.
On the time of press, there’s no additional data obtainable on further methods to incentivize long-term holding.
Token Public sale Providing
TAO goals to supply a good mechanism for initiatives to use to be listed on Flamingo, providing their very own clear and environment friendly token public sale. A mission will suggest to listing its token on Flamingo, and if the public sale hits a predetermined quantity threshold, the token shall be routinely listed and supplied a liquidity pool by Flamingo for swapping.
The complete announcement might be discovered on the hyperlink beneath:
https://medium.com/flamingo-finance/flamingo-finance-flies-into-2024-new-roadmap-unveils-exciting-features-76b0aed141f2
