Flurry Integration With KyberSwap
Flurry Finance has successfully integrated with KyberSwap, offering an easier pathway to convert any form of crypto assets into rhoTokens.
The partnership between Flurry Finance and Kyber Network was announced in August 2021, where such integration with KyberSwap is opening another gateway for all users to enjoy the passive income growth of crypto assets via the use of rhoTokens, as well as to take the Flurry dApp user experience to another level.
Flurry Finance has been in talks with Kyber Network since before the launch of its governance token FLURRY for optimizing user experience to offer easy and accessible pathways to all types of DeFi users. This integration will allow users to deposit in the Flurry Protocol with any tokens and get rhoTokens at its best rate via the KyberSwap Dynamic Market Maker (DMM) conversion. Plus the daily rebasing feature of rhoTokens is bringing automatic yield farming to all crypto holders.
Furthermore, KyberSwap DMM aggregates liquidity from multiple DEXs (including KyberSwap) and identifies the best trade route for all users, where gas fee slippage can also be minimized and contained within users acceptable range during the rhoToken conversion on Flurry dApp.
Such integration adds-on to the existing features of rhoTokens which is pegged to its underlying stablecoins on 1:1 ratio, where users will be able to earn a passive income via Flurry Protocol just by hodling rhoUSDT, rhoUSDC, and rhoBUSD, without the usual hassle, confusing converting process, and high gas fees associated with lending tokens directly to different DeFi lending protocols and exchanges.
This laid out a crucial route for mission DeFi4all, as the integration and collaborations of Flurry Finance and Kyberswap teams are normalizing the use of DeFi in crypto asset management as well as the instant boost of use cases in both communities. The use of rhoToken will be revolutionary in terms of usability, simplicity and user-oriented concept to be introduced to the DeFi space.
ABOUT Flurry Finance
FLURRY is a DeFi protocol offering cross-chain yield aggregation with rhoToken, which is pegged 1:1 to its underlying stablecoin. It automatically farms for yields across different DeFi protocols without locking up funds or interest earned by diversifying DeFi product risk, resulting in lower gas fees.
ABOUT Kyber Network
Kyber Network is delivering a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources to provide the best token rates to Dapps, aggregators, DeFi platforms, and traders.
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