Introducing Flux V2
Flux announced the launch of Flux V2 with some juicy bootstrap rewards.
Website: https://v2.flux.01.finance/
Introduction: https://bit.ly/3xO73AC
Farming Tutorial: https://bit.ly/3znRu39
What to expect?
Flux V2 will initially launch on Heco on July 18th. Users participating in V2’s leveraged farming will not only profit from MDex LP mining but also get $FLUX.
Flux V2 has its own money markets, supporting the same assets as Flux V1. The main difference between V1 and V2 are the collateral rates. With under-collateralization, V2 is riskier than V1. The interest rate model on Flux V2 is the same as on V1.
Flux V2 has integrated auto-compounding, increasing user’s APY.
When yield farming with leverage and the targeted borrowing assets has a designated money market on Flux V2, the asset can directly be borrowed and the user does not need to bear any slippage or pay for swap transaction fees.
To learn more about Flux V2 will operate, check out mining tutorials here: https://fluxdoc.01.finance/flux-protocol-v2-mining-tutorial-heco
What is Flux?
Flux Protocol is a borderless lending protocol, where low transaction fees and cross-chain interoperability are the reality.
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