Apr 22, 2022
Community Update S1E2
In the coming days, we will be introducing multiple changes to the platform which will bring new utility to EXFI. These changes will be implemented in a closely staggered manner to reduce the risk of liquidity shock as the platform adjusts.
- EXFI will be usable as a fee replacement token on FLRX.
- A new swap pool will be opened for EXFI/SFIN as well as a FARM pool for the LP token for that pair.
- EXFI will replace DFLR in WSGB Loans staking.
EXFI as a fee token:
When introduced, FLRX will feature a toggle that will allow the user to use EXFI to pay the 0.3% swap fee, rather than pay the fee in the swapped token. The amount of EXFI needed to pay the fee will be determined by the exchange rate between EXFI and the swapped token. EXFI fees are not available when swapping into EXFI. At launch, this feature will not be available for the SFIN/CAND pool. Once the EXFI/SFIN swap pool has been introduced and liquidity has stabilized, EXFI fees will be enabled for SFIN to CAND swaps.
EXFI/SFIN Swap:
A new FLRX swap pool will be introduced to allow swapping between EXFI and SFIN. This swap pair will be locked from swap transactions for a limited time to allow for appropriate liquidity to be built.
A corresponding FLRFarm pool will be created with the same reward parameters as the existing dual token pools.
EXFI replacing DFLR staking:
Users will be able to stake EXFI in WSGB Loans to receive rewards from WSGB Loan Borrow and Redemption Fees. DFLR staked in Loans will no longer receive rewards. Users will be able to remove DFLR from the staking pool on the Loans page. In the future, this pool may be moved to the Farm page for anyone who has not unstaked their DFLR, but no rewards will be earned in that pool.
With this change, we are officially concluding the DFLR competition and announcing the winners of the Samurai NFTs and Rhodium Necklaces. To determine the final DFLR leaderboard, we performed an analysis comparing the amount of DFLR claimed by an address to the amount of DFLR currently owned by the address (this included staked DFLR). The analysis required transaction investigation for any wallet in the top 500 which had an imbalance between the amount claimed and the amount currently owned. This resulted in the following adjustments to the leaderboard:
- All contract addresses that contained DFLR were removed.
- All official FLR Finance wallets were removed.
- Wallets that split their DFLR had the lower balance wallet removed and were credited only with the remaining balance.
- Wallets that combined their DFLR had only the combined wallet balance included.
- Wallets that sold DFLR were only credited with the remaining balance.
- Wallets that purchased DFLR were only credited with the claimed balance.
- Community Member #CountZerpula had his second wallet removed out of generosity to the community, as he did not want to receive 2 Samurai NFTs at the expense of someone else. Feel free to say thank you, #500.
The final list of DFLR competition winners can be viewed here: DFLR Competition Winners
The Samurai NFTs for the DFLR competition will be burned from the ETH network and minted on the Songbird Network. Winners will either have their NFT automatically sent to their winning address, or the NFT will be claimable on the FlrDrops platform when launched. More information will be released on FlrDrops in a separate community update!
Community AMA with Admin Flintstone and Bannik (Nik)!
Our goal is to publish the AMA video tomorrow April 23, 2022, on the FLR Finance youtube channel with the associated transcript to be published here on Medium.
