Flamingo Progress Update — 11/10/2020

A new trading pair: SWTH/nNEO will be launched in Swap on 11/11/2020. Flamingo users could trade between the pair or earn FLM rewards by providing liquidity to the pair.

Staking of FLP-SWTH-nNEO

Users can provide liquidity to the pool and stake the FLP-SWTH-nNEO obtained in vault to receive FLM.

Phase 1 staking rewards will be distributed from UTC 13:00, 11/11/2020 to 02/09/2021. Subsequent arrangements will be announced at a later date.

FLM Distribution

The FLM release rate remains at 5 million per week, and will be distributed according to the following schedule starts from UTC 13:00, 11/11/2020:

• FLP-FLM-nNEO 20%
• FLP-pnWBTC-nNEO 20%
• FLP-pnWETH-nNEO 10%
• FLP-pONT-nNEO 5%
• FLP-nNEO-pnUSDT 20%
• FLP-pnWBTC-pnUSDT 22.5%
• FLP-SWTH-nNEO 2.5% (new)