Flux Protocol — a borderless lending protocol where low transaction fees and interconnection are a reality. The project provides a lending mechanism for automatic and decentralized adjustment of cryptoasset interest rates, stimulating liquidity in the cryptocurrency market.
Contents:
About the Flux project
Currently, the delivery APR is on the Flux interface as "APR of flow allocation - APR of borrowing". Generally, if the result is positive, it means that the realized value of the rewarded $FLUX is not sufficient to offset the interest on the loan. If the result is negative, it means that the realized value of the rewarded FLUX can offset the interest on the loan and there is an additional benefit.
Some features:
| 1 | The main purpose of a governance token - to entice users to become liquidity providers and to entice users to participate in the governance of the protocol. |
| 2 | $FLUX helps to vote on suggestions for improving Flux. |
| 3 | The total amount of FLUX is $ 21 million and the original token is like an ERC20 token on Ethereum. $FLUX is generated from liquidity extraction, no allocation of Angel and VC investments and no private placement. |
The protocol will appear on several public blockchains (Conflux Network, Ethereum, Huobi HECO Chain, Binance Smart Chain, OKex Chain) over time.
They will be evenly distributed and released for each publicly available FluxBlockchain protocol during the first two weeks.
Additional data
For more information about the project, see the White paper. It contains basic information. RoadMap is not available now. Join the current project Protocol community on Telegram and Discord, and follow us on Twitter to stay up-to-date. An audit of a smart contract from Certik is available here.