Fleta Weekly Report | Week 1, July 2021

The Platform for a Sustainable DApp Ecosystem, FLETA introduced Weekly Report for Week 1 of July 2021.

1. Formulator and Reward (2021.07.09 10:00 KST Standard)

You can check the status from https://fportal.fleta.io/

2. Update

▶ Fleta’s DeFi Service, ‘Fleta Connect’ Official Launch

Fleta Connect is a DeFi Service built on Binance Smart Chain. It is a multi-chain DeFi service for all DeFi users and will expand to various chains such as Polygon and more. Fleta Connect provides CherryPick, Basket, etc. to users.

✅ Fleta Connect Website: https://fletaconnect.io

✅ Fleta Connect Docs: https://fletaconnect.gitbook.io/fletaconnect/

✅ Medium article: https://medium.com/fleta-first-chain/join-fleta-connect-a-multi-chain-defi-service-for-all-defi-users-5d91957b2ffe

▶ Fleta Connect Guideline

Fleta made a guideline for the users. Users can participate in Fleta Connect through the guideline.

✅ Fleta Connect Guideline: https://medium.com/fleta-first-chain/fleta-connect-how-to-use-fleta-connect-374feb45ee58

▶ Fleta Connect’s TVL, Over 1 Million

Fleta Connect’s TVL passed over 1 million and keeps increasing. It reached to 1 million less than a day.

✅Fleta Connect: https://fletaconnect.io

▶ Fleta Mining Policy Change

The Fleta Formulator and Delegator, which required 15 days of unstaking period for the cancellation, will be reduced to 2 days. It adjusted from July 8th.

✅ Before: 15 days of unstaking period for the cancellation

✅ After: 2 days of unstaking period for the cancellation

What is FLETA?

FLETA is a blockchain platform that aims to offer infrastructure that can be applied to real-world business models. FLETA has its own core blockchain technologies like Level Tree Validation, Parallel Sharding, Independent multi-chain Structure, Block Redesign, and PoF(Proof-of-Formulation) which is its own consensus algorithm. With them, it aims to solve the problems that existing platforms have such as slow speeds, scalability limitations and excessive fees, and provide a flexible development environment. Moreover, its Gateway technology improved its interoperability by allowing projects issuing their tokens through other mainnets to maintain their mainnets while using the FLETA chain.

📰 INFO:

https://medium.com/fleta-first-chain/week-1-july-2021-fleta-weekly-report-fa8709a6a9ba