Flamingo hopes that members of the wider community will actively participate in Neo's DeFi ecosystem. FLM is a governance token for a project, and FLM holders can participate in project governance through daOs. The Flamingo team, as the initiator of the project, contributes resources at the beginning of the project and sets the initial parameters for the project to assist in the start-up and long-term stability of the project.

Flamingo aims to integrate the global impact of blockchain with cross-chain protocols and leverage the best asset linkage mechanism to leverage the best asset utilization efficiency. Flamingo also aims to leverage Neo's global consensus, rich ecology and network cost advantages to build the financial infrastructure of the next generation smart economy.

The world has suffered from Ethereum GAS for a long time. In the early years, the overseas community said that Neo was the Killer of Ethereum. Although the Neo project team did not agree with the competition between either/or, to some extent, it reflected the expectation of the community for Neo.

Flamingo (Flamingo. Finance) is an integrated Crosschain Asset, automated market maker DEX (AMM Swap), Synth-stablecoin and full-stack DeFi protocol for automatic market-making Perpetual Contract Trading (AMM Perpetual). Flamingo, Neo's infrastructure in DeFi, is not only an important component in completing the Neo DeFi landscape, it will also provide novel solutions to several of DeFi's current challenges.

1. Low-wear, atomic cross-chain interoperability is not yet widely used. Flamingo, with the help of Poly Network, will be the first DeFi protocol in the DeFi market to support cross-chain transaction consistency, unlocking the potential of the size and processing efficiency of the single-chain DeFi market. 2. DeFi's capital use efficiency and liquidity potential have not been fully exploited due to borrowing based on excess mortgage paradigm and fragmented liquidity resources. Flamingo will be the first DeFi agreement to open up AMM liquidity pool and synthetic mortgage asset pool in DeFi field. At DeFi, capital efficiency, asset size ceiling and liquidity are fully optimized. 3. DeFi project token design lacks long-term logic of sustainable operation, and the community of token issuance is insufficient. Flamingo's project token FLAM will be distributed along with business development based on the contribution of project participants and will explore the value realization of FLAM in the business logic.

1. Cross-chain asset pledge (only for the "Mint Rush" phase of week 1); 2. Pledge LP tokens obtained by providing liquidity (after "Mint Rush"); 3. Casting FUSD in Vault (not yet implemented); 4. Trading perpetual contracts in Perp with FUSD as margin; 5. Participate in governance through daOs.

Flamingo uses proof-of-authority (POA) and will evolve into a DAO over time.

1. Interoperability Flamingo operates on the Neo blockchain, which is the initial launch member of the Poly Network, a cross-chain protocol. Other members include the Ontology and Switcheo Network. With Poly networks, Flamingo protocols can connect to multiple heterogeneous chains, currently including Ethereum, Neo, Ontology and Cosms-SDK-BASED blockchains, among others. Through interoperability, Flamingo users can more easily access more assets within a shared extended ecosystem. 2. High capital utilization As a DeFi protocol cluster, Flamingo creatively combines the liquidity pool in Swap with the mortgage pool in Vault. In the current mainstream AMM-based DEX, the capital utilization rate of liquidity providers is limited by the low utilization rate of LP tokens, so that some AMM protocols are not fully utilized. On the other hand, the high collateral rates in many synthetic asset systems cause users to encounter similar difficulties in creating synthetic assets from collateral assets. Users who provide liquidity for FLM trading pairs in Swap can pledge LP tokens and then pledge the same LP tokens to cast FUSD. Under this mechanism, Flamingo's capital will be used at least twice as efficiently as under the traditional model. In addition, liquidity providers can continue to use synthetic stable currency (FUSD) as margin to participate in Perp's perpetuating contracts. Through this mechanism, Flamingo promises to provide users with significantly higher asset utilization and liquidity than the single-DEFI protocol. 3. Flamingo will distribute 100% of FLM to the participants according to their contribution, without any team reservation or any form of pre-excavation. The initial distribution of FLM will be set by the Flamingo team, while the long-term distribution mechanism of FLM will be decided through the vote of proposals in the DAO.

FLM is Flamingo's governance token and will be allocated 100% based on the contribution of Flamingo project participants without any pre-sale, pre-mining or team allocation.

1. Extremely high capital utilization rate, such as LP Token (liquidity investment Token) in Swap, can be used to forge FUSD, which can be traded in 10X for a perpetual contract. This is one of the great advantages of Flamingo's full-stack modules, the mobility of each module is maximally reusable. 2. Participation at Flamingo is extremely equal. There is no fundraising, no team reservation, no low-key pre-hiring. Rich asset diversity in addition to the maximum 50% NEO pool, 50% can be earned by crafting cross-chain assets. These assets include BTC, ETH, USDT, Uniswap LP, ONT and so on. And most Ethereum ERC20 assets can also continue to generate interest on Ethereum at the same time, double-mining. 4. DAO Governance module launched DAO governance module, allowing FLM holder community to govern Flamingo.

The technology used in the Flamingo project is a Go based Web framework. It is used to build scalable and maintainable (Web) applications. It has been field-tested and has a growing ecosystem.

Flamingo is a full-stack financial protocol for NEO's corporate chain. It integrates asset cross chain, AMM, synthetic stable currency, contract trading and pledge rewards. Flamingo will leverage Poly Network's cross-chain protocol to support cross-chain transactions within the DeFi ecosystem, as opposed to other public chain DeFi projects. That is, users can use bitcoin, Ethereum, USDT and other assets as collateral to provide liquidity for Flamingo asset transactions and receive FLM tokens. FLM itself carries the value of asset cross-chain, DEX, synthetic assets, lending and other agreements, and also acts as an entrance ticket to participate in community governance. It is believed that with the improvement of community initiative, the value of FLM will be greatly affected. According to NEO officials, Flamingo will launch with a week-long Mint-rush; During this period, 50 million FLM tokens will be used to motivate cross-chain asset traders to start projects.

Flamingo is a comprehensive DeFi protocol on the Neo chain. Neo's DeFi will be built on Flamingo. Flamingo is built on Neo, so in addition to its native Neo assets, Ethereum, Bitcoin and cosmic-SDK-based assets have the opportunity to flow on Neo's DeFi ecosystem. The DeFi module currently in use has liquidity pledge, stablesoin issue, DEX and NFT will be added later. FLM tokens are issued via the VAULT module, without team allocation and private placement. Flamingo conducted a one-week Mint-rush, using 50 million FLM tokens to motivate cross-chain asset traders to launch projects. Mint Rush had more than $1.2 billion in pledged mining assets. In essence, Flamingo is Neo's ecological agreement. It is developed by the same team, similar to the relationship between Solana and SERUM. Solana's ecological development has been very good recently, and serum's value has been continuously improving. When Flamingo launched, it attracted a lot of buzz with liquidity incentives, but it remains to be seen whether it can develop ecologic.

Flamingo is an excellent attempt to extend the ecological extension of DeFi. The project uses a product mechanism to enable disconnected and independent blockchains to interact. Flamingo's cross-chain is not only about locking and releasing assets across chains, but also about coupling products across chains to improve capital efficiency and user benefits. Improving cross-chain interoperability and reducing on-chain transaction friction is definitely the future of the industry. Flamingo provides a complete standard for cross-chain assets that is highly coupled and ready to use. Combined with low-cost cross-chain channel Poly Network, Flamingo will provide liquidity to the wider DeFi ecosystem.

Although the white paper notes that FLM will not have any pre-sales, pre-hiring, or team assignments, Flamingo will be promoted by the Neo Foundation in the early stages, thus using proof-of-Authority (POA) and gradually transitioning to the DAO. In addition, the total amount of FLM is not fixed, the white paper only gives the token release scheme for the first 13 weeks, and its long-term release mechanism will be decided by the DAO proposal vote. The bottom line is that the majority of blockchain project governance proposals have a surprisingly low turnout. Even with the well-known DeFi Compound project, where only 13% of votes were cast for a new currency, and 96.7% of the votes were cast by the top 10 sites, the situation with distributed governance may be even more difficult for a new generation of projects like Flamingo. The project side can change the platform parameters at any time to decide whether to issue additional FLM coins. In the end, the so-called "DAO" will become a false proposition that cannot be realized, and the economic model of the project may be out of control and become a subsidiary controlled by the Neo Foundation.

The value capture of FLM is that it is worthless if users do not contribute to the Flamingo network. The depth and frequency of participation determine the level and amount of incentives obtained. At the same time, the governance meaning given by FLM allows users to propose, vote, and then decide on system parameters, including liquidity pools that can receive FLM incentives, transaction rates, and so on. It is even possible to govern the improvement proposal by enabling the FLM to have an internal combustion DAO.