Flare Finance Products
Below is a brief summary of the products that we know of in the Flare Finance ecosystem. You will be able to
use the tokens we listed in the previous section in these applications to earn additional income.
FlareX is a decentralized exchange where users can swap assets and trade on margin. Upon launch, FlareX will allow the following tokens to be traded:
- - YieldFlare (YFLR)
- - YieldFin (YFIN)
- - YieldUSD (YUSD)
- - Spark (FLR)
- - Trustless XRP (FXRP)
- - Trustless Dogecoin (FDOGE)
- - Trustless Litecoin (FLTC)
- - Trustless Stellar Lumens (FXLM)
Not only can you trade assets on FlareX, but it is here where you can participate in Liquidity Pools. The Liquidity Pools on FlareX will be a 50/50 split, meaning you must maintain an equal amount of value on
both sides of the pool. Users are then rewarded in the form of LP tokens as a proportion of the amount of
value you stake in the Liquidity Pool. To understand better how Liquidity Pools work, check out our article.
FlareFarm allows users to participate in Yield Farming. Both Single and Dual token Farming
pools are available to users, meaning they only have to stake one token in a single token pool, and two in a
dual. Dual token pools require LP tokens that were accrued in Liquidity Pools. Dual token pools will offer
you a higher APY, but they obviously require you to have the LP tokens to participate in them.
FlareFarm also offers a token Launchpad for new projects. Launchpad projects do not require the use of LP
tokens to participate in the pools, but rather new token projects must be joined with YFLR and YFIN instead.
These new projects are decided by a governance vote, and remember that both YFLR and YFIN give you voting power
on Flare Finance. This type of governance voting for new projects can reduce spam and scam projects on the
The FlareWrap product allows for users to trustlessly bring their assets over from other smart contract
platforms. One of the first and most well-known Wrapped Assets to be available on FlareWrap is ETH.
FlareLoans is an asset backed issuance product which allows you to pool your assets with others in order to
earn fees from lending to borrows. Of course, you could be a borrower yourself.
FlareMutual is a decentralized mutual fund that allows users to earn fees from sharing risk, taking on a
similar function as an insurance company.
FlareMine allows Bitcoin and Litecoin miners to use their mining rigs to earn non-POW assets, such as Celsius (CEL).
It also gives the ability for miners to automatically convert their mined assets to F-Assets, effectively
giving miners a way to earn passive FLR rewards.
We hope this gives you an idea of some of the DeFi products you can use on Flare Finance. To recap, users will
be able to use FLR, F-Assets, and Flare Finance’s YFLR and YFIN in the ecosystem. There will be many ways
to earn yield on Flare Finance through Liquidity Pools, Yield Farming, Lending, and Mutual Funds. Checkout Flare
Finance’s WhitePaper for more details on all of the above.