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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
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  • πŸ’»Flurry DApp
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  • Minting rhoTokens
  • Redeeming rhoTokens

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  1. Yield Farming

The rhoToken

Stable, tradable, redeemable, pegged 1:1 to stablecoin.

PreviousIntroducing Flurry FinanceNextSupported Stablecoins

Last updated 3 years ago

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The Flurry protocol issues rhoTokens, the utility tokens which are backed 1:1 by its underlying stablecoins:

1 rhoUSDT = 1 USDT

1 rhoUSDC = 1 USDC

1 rhoBUSD = 1 BUSD

Minting rhoTokens

Users convert their USDT / USDC / BUSD into rhoUSDT / rhoUSDC / rhoBUSD using the Flurry Protocol. Depositing a stablecoin will result in the issuing of the corresponding rhoToken. Once the rhoTokens are in your wallet, you can hodl, trade, or redeem them whenever you want!

Redeeming rhoTokens

Users can convert their rhoTokens back into their corresponding stablecoins using the Flurry DApp (also through the portal for minting rhoTokens above).

There is no exit fee currently, though Flurry Finance reserves the right to charge an exit fee in the future (in the range of 0.5%).

Check out the how to mint rhoTokens through the in the portal below:

πŸͺ™
Flurry DApp
πŸ’°Earn
rhoUSDT
rhoUSDC
rhoBUSD