<aside> 📅 Last Updated: July 27th, 2023

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Introduction

Prelude

FLR Finance is a Web3 Software House that is building a suite of DeFi and Web3 products, all connected via a central yield aggregator (APYCloud). FLR Finance is initially deployed on the Songbird Network and will be run in parallel on the Flare Network, when launched. It offers a suite of 8 unique decentralized finance products dedicated to bootstrapping the Flare Network with single suite DeFi solutions for business and retail finance products. FLR Finance utilizes Web3 capabilities to allow people to engage with our products and services trustlessly without giving up custody of their funds.

The Foundation

The FLR Finance Foundation is a non-profit decentralized autonomous organization headed by an initially established Board of Directors. In later releases, the FLR Finance Foundation will be co-governed by the board and those participating in the FLR Governance protocol. Those users act as physical entities serving on the Board alongside previously established ones. The primary objective of the FLR Finance Foundation is:

  1. Oversight - Provide oversight and procure general maintenance.
  2. Custody - Custody and manage ecosystem allocated reserves.
  3. Growth - Promote growth and good standing of the platform.
  4. Development - Support new development through Launchpads and grants earmarked for open-source development.
  5. Education - Produce and provide educational content to increase the overall proficiency of the user base.
  6. Community - Moderate and engage with the FLR Finance Communities.

While the intentions of the Foundation are positive, the Ecosystem has the right to dissolve the Foundation if it would like to do so. Upon dissolution, all assets held by the Foundation will be burned, and any cash assets will be used to purchase YieldFLR (YFLR) and YieldFin (YFIN) tokens, respectively, and burned from existence.

The Protocol

Products Ecosystem.jpg

The protocol is a decentralized autonomous organization that, in case needed, will utilize KYC and AML regulatory features, ensuring a trustable experience. It will offer unique features like tax solutions to help ensure users are supported with tools that can help them accomplish their goals. Our suite of products is diverse and includes: yield farming, swaps, asset wrapping, decentralized alternative to insurance, yield mining, multiple NFT related solutions, developer tools, and more. The range of products and features is intended to expand and evolve as the Foundation promotes further development of the ecosystem. Let’s dive into some of these products.