Flurry Finance FLURRYPrice $ 0.0000442

FLURRY is a DeFi protocol offering yield aggregation with rhoToken, which is pegged 1:1 to its underlying stablecoin.

It automatically farms for yields without locking up funds or interest earned by diversifying DeFi product risk, resulting in lower gas fees.

However, FLURRY as a different interest distribution mechanism from existing yield aggregators:

Flexible

• The yield generated in FLURRY is distributed in the form of rhoTokens, which is pegged 1:1 to its underlying stablecoins. For instance, 1 rhoUSDT is always equal to 1 USDT, and thus rhoToken can be spent the same way as any stablecoin.
• FLURRY will provide use cases (e.g., trading on centralized and decentralized exchanges) for the rhoTokens. In other words, users’ fund won’t be locked up — earn, trade & spend, all in rhoToken.

Cross-Chain

• Existing yield aggregators are limited to Ethereum based products, while FLURRY will work cross-chain to look for the best yield after cost on different Defi Protocol cross-chain.

User oriented

• Not only it will search the best rate for your yield, it will maximise your earnings by automatically switching the allocation of fund collectively, sparing users all the tedious and repetitive finger work.

Lower gas fee

• Without the need of switching from one platform to another, the only gas fee that you will need to pay is the switch from whatever altcoin you are hodling into stablecoin.

Advantages

Lower Gas Costs per User:

• Since FLURRY pool assets together and move funds in one single transaction, the average cost incurred per user is lower

Risk Diversification:

• FLURRY can diversify specific smart contract risk by allocating the pool of assets in different DeFi products, whereas it is not cost-justified for individuals to do on their own

Nice User Interface:

• FLURRY provides a nice user interface to give users a clear picture of how much interest they have earned, how the interest is earned, the allocation of the funds in different pools, etc.