FLM is the governance token of Flamingo, a full-stack, interoperable decentralized financial protocol built on the NEO Blockchain.
Flamingo consists of 5 main ingredients:
- Wrapper: Wrapper is a cross-chain asset gateway for Bitcoin, Ethereum, Neo, Ontology Network, and blockchains based on Cosmos-SDK.
- Swap: Flamingo’s on-chain Automated Market Maker (AMM) provides liquidity for wrapped assets, FLM, and other NEP-5 tokens.
- Vault: Vault is Flamingo’s One–Stop Asset Manager. Integrate staking/mining assets and issue collateralized stablecoins. FLM will be released, and users can request FLM to be distributed at will.
- Perp: Perp is an AMM-based perpetual contract exchange for virtually any underlying asset with infinite liquidity.
- DAO – Decentralized Governance Mechanism: Over time, the management of Flamingo will be completely taken over by the community in the form of Flamingo improvement proposals and Flamingo configuration change proposals. Through the DAO, FLM holders can vote on important topics such as tokenomics, parameter configuration, and functionality improvements/changes. Voters will receive FLM for participating in governance.