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  • ❄️Introducing Flurry Finance
  • πŸͺ™Yield Farming
    • The rhoToken
      • πŸ’²Supported Stablecoins
      • πŸ€Έβ€β™‚οΈElastic Supply & Rebasing
    • Yield Generation Mechanism
      • βš™οΈLending Protocols
      • 🏦Interest APR
      • 🎁Bonus Rewards & APR
    • How to get rhoTokens?
    • Supporting Strategies
  • πŸ‘οΈβ€πŸ—¨οΈGovernance
    • FLURRY Governance Token
      • πŸ“ŠFLURRY Token Metrics
      • πŸ”„Trading FLURRY token
    • Governance Approach
    • Admin Privileges
    • Fund Management
    • API
  • πŸ‚User Guide
    • πŸ’°Earn
    • β˜ƒοΈSnowball
    • πŸ§‘β€πŸŒΎFarms
    • πŸŒ‰Bridge
    • ⏩Troubleshoot
  • πŸ”Security
    • Risks
    • Audits
  • πŸ“³Smart Contract Address
    • πŸ”·Ethereum
    • 🟨BNB Chain (BSC)
    • 🟣Polygon (MATIC)
    • πŸ”ΊAvalanche (AVAX)
  • ⁉️FAQ
    • Frequently Asked Questions
  • Links
  • ❄️Flurry Finance
  • πŸ’»Flurry DApp
  • πŸ—£οΈAnnouncement
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  1. Governance

Fund Management

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Last updated 3 years ago

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As users deposit stablecoins to the Flurry Protocol, the smart contract places them in the USDT vault, USDC vault, or BUSD vault, and the vaults’ contract mints the corresponding rhoTokens on a 1:1 basis. These rhoTokens are deposited in the users’ wallets.

All stablecoins received will be rebased and deployed everyday according to the Flurry Protocol algorithm.

The Flurry Protocol will maintain a certain amount of cash on hand in order to facilitate smaller redemptions.

When users redeem their rhoTokens for stablecoins, the corresponding vault will burn the rhoToken, and return the underlying stablecoin to the user’s wallet.

More can be referenced on the flow of funds about Lending Protocols of Flurry by the portal below:

πŸ‘οΈβ€πŸ—¨οΈ
βš™οΈLending Protocols