Flamingo Finance has introduced the crew’s focus space for 2025 on the official Discord server, primarily specializing in OrderBook+ 2.0 and the FLOCKS token. OrderBook+ 2.0 is a block-based order e-book that makes use of automated market makers and restrict orders to create a decentralized buying and selling protocol with tighter spreads. FLOCKS is an evolution of FLUND, the single-sided staking index-style fund.
OrderBook+ 2.0 replace
Earlier than 2024 ends, the event crew at Neo’s largest non-custodial change plans so as to add new token pairs that OrderBook+ 2.0 can help on the Neo N3 TestNet. At the moment, OrderBook+ 2.0 helps buying and selling in FLM, fUSDT, fWBTC and GAS. Flamingo will add new tokens with 6 or 18 decimal locations and pairs with notable excessive or low costs to trace completely different potential buying and selling eventualities. The crew notes that on this manner they’re deploying assets to check the system in various market situations.
As Flamingo prepares the second model of OrderBook+ for MainNet, the crew needs to give attention to guaranteeing that the contract code is totally secure. If testing throughout the winter holidays solely finds non-critical bugs, January will probably be spent finalizing the UI.
When the UI and good contract testing is accomplished, the event crew plans to launch the MainNet improve. Flamingo notes: “This will probably be a major milestone and endeavor, and we are going to maintain you knowledgeable each step of the best way.”
Along with the event and upcoming launch of OrderBook+ 2.0, Flamingo can also be getting ready for the discharge of FLOCKS in 2025.
FLOCKS plans
At the moment, the FLOCKS token contract is dwell on the Neo N3 TestNet and is being built-in into the front-end. If there aren’t any main bugs in contract testing and consumer interface implementation, Flamingo plans to launch the good contract and module on the platform in January 2025.
FLOCKS is the subsequent evolution of FLUND, which launched in 2022 as a single-sided wagering characteristic that receives parts of the every day FLM coin rewards and costs accrued on the DeFi platform. Initially supposed as a digital asset to encourage long-term investing, the builders found that FLUND performed host to a excessive diploma of short-term buying and selling. In response, Flamingo elevated the exit price from 0.5% to 2% later that 12 months to discourage short-term swaps.
Constructing on classes realized, FLOCKS will incentivize long-term holders by sharing charges derived from platform exercise as dividends and providing token-based voting weight after the crew integrates governance capabilities.
The total announcement could be discovered on Flamingo’s official Discord server:
https://discord.com/channels/748375438467793036/755445263077867670/1319555648337215539