The rhoToken

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

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!

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


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%).

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