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@freeliquidUSDFL / $FL - $USDFL 
Problem: ~1.5 billion USD stable coin LPs locked on Uniswap, frozen & earning minimal fees.
Solution: @freeliquidUSDFL. Open source $MRK fork serving as a Lending & savings protocol with stable LPs as collateral.
Thread
FIRST MOVER ALERT
Problem: ~1.5 billion USD stable coin LPs locked on Uniswap, frozen & earning minimal fees.
Solution: @freeliquidUSDFL. Open source $MRK fork serving as a Lending & savings protocol with stable LPs as collateral.
Thread
FIRST MOVER ALERT
Quick Overview of both tokens:
$USDFL - Free liquid native stable coin soft pegged to the US dollar.
- Supply issued through with collateral.
$FL - The Free Liquid governance token.
- Fair launch, 1 million max supply and issued over 2 years.
$USDFL - Free liquid native stable coin soft pegged to the US dollar.
- Supply issued through with collateral.
$FL - The Free Liquid governance token.
- Fair launch, 1 million max supply and issued over 2 years.
Why is this unique:
Free liquid lets users receive up to 90% of their collateral in USDFL tokens by locking stable coin LP tokens: $USDC, $DAI, $USDT and $USDN.
The ONLY platform to do this. LPs get passive Uniswap fees whilst creating multiple other income opportunities.
Free liquid lets users receive up to 90% of their collateral in USDFL tokens by locking stable coin LP tokens: $USDC, $DAI, $USDT and $USDN.
The ONLY platform to do this. LPs get passive Uniswap fees whilst creating multiple other income opportunities.
For a full intro please read this Medium article: https://freeliquid.medium.com/the-freeliquid-protocol-babf0cfb340d
How to participate:
Follow the medium to lock up your low risk stable LP tokens, receive up to 90% funding in $USDFL & then you're free to decide your best option:
- Purchase alternative investments
- Utilize FL Save
- Farm $FL $USDFL : $FL pool https://freeliquid.medium.com/freeliquid-borrow-tutorial-b0216ad78f10
Follow the medium to lock up your low risk stable LP tokens, receive up to 90% funding in $USDFL & then you're free to decide your best option:
- Purchase alternative investments
- Utilize FL Save
- Farm $FL $USDFL : $FL pool https://freeliquid.medium.com/freeliquid-borrow-tutorial-b0216ad78f10
Governance:
$FL is the native governance token:
- Fairly issued over 2 years
- 1 million max supply
- Used for voting on proposals (see attached)
- Buy backs of $FL made through auctions (see attached)
- Many more use cases are in the works
$FL is the native governance token:
- Fairly issued over 2 years
- 1 million max supply
- Used for voting on proposals (see attached)
- Buy backs of $FL made through auctions (see attached)
- Many more use cases are in the works
Code/Safety:
@freeliquidUSDFL is a fork of @MakerDAO, audited by @Beosin_com & open source.
Audit: https://beosin.com/vaasApi/report/download?num=19e334590140a7117f09ef7aa4df9943
Github: https://github.com/Freeliquid (very active)
I have also asked my own questions and the dev was very responsive, knowledgeable & put all concerns to bed.
@freeliquidUSDFL is a fork of @MakerDAO, audited by @Beosin_com & open source.
Audit: https://beosin.com/vaasApi/report/download?num=19e334590140a7117f09ef7aa4df9943
Github: https://github.com/Freeliquid (very active)
I have also asked my own questions and the dev was very responsive, knowledgeable & put all concerns to bed.
The first protocol I have seen to offer this service. First mover advantage?
I see no reason why this cannot generate huge amounts of TVL and the $FL governance token wont be highly sought after in the months ahead.
DYOR, understand the platform and the emission schedule.
I see no reason why this cannot generate huge amounts of TVL and the $FL governance token wont be highly sought after in the months ahead.
DYOR, understand the platform and the emission schedule.
Links:
$FL / $USDFL links
Website: http://freeliquid.io
Telegram: http://t.me/freeliquid
Twitter: https://twitter.com/freeliquidUSDFL
GitHub: http://github.com/freeliquid
USDFL contract: 0x2b4200a8d373d484993c37d63ee14aee0096cd12
FL contract: 0xffed56a180f23fd32bc6a1d8d3c09c283ab594a8
Website: http://freeliquid.io
Telegram: http://t.me/freeliquid
Twitter: https://twitter.com/freeliquidUSDFL
GitHub: http://github.com/freeliquid
USDFL contract: 0x2b4200a8d373d484993c37d63ee14aee0096cd12
FL contract: 0xffed56a180f23fd32bc6a1d8d3c09c283ab594a8
