Flamingo
Crypto Overview
Overview
Flamingo is a decentralized finance (DeFi) protocol built on the Neo blockchain. It was launched in 2020 and aims to provide various DeFi services including asset wrapping, swapping, and yield farming.
Purpose and Utility
The FLM token serves as the governance token for the Flamingo protocol. Token holders can participate in governance decisions regarding protocol parameters and development. It's also used as a reward token for liquidity providers and participants in the ecosystem.
Business Model Analysis
The protocol's core services include: Wrapper - allowing users to wrap tokens for use in the Neo ecosystem; Swap - a decentralized exchange service; Vault - for yield farming opportunities; DAO - for governance.
Real-World Adoption
The protocol has seen limited but consistent usage within the Neo ecosystem. While not among the largest DeFi protocols, it maintains active development and community engagement.
Development Activity
The project maintains regular development updates and protocol improvements. The team continues to implement new features and maintain the existing infrastructure.
Token Distribution
The token distribution appears relatively balanced, with a significant portion allocated to community incentives and ecosystem development. There are reasonable vesting schedules in place for team allocations.
Crypto Impact
To assign a comfort level investing in Flamingo from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Flamingo.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.