What do you think could or should we expect from Flare Finance in general and from Spark token in particular?
Happy to read your thoughts!
I guess I will change the financial world not that much as expected.
I think we can expect to see a lot of innovative projects emerge from the use of Flare Networks and Flare Finance will be just one of those projects.
As per Flare Finances website, they will be releasing 6 products.
- FlareX - enables users of the Flare Networks to swap currencies and earn passive income.
- FlareFarm - which is Yield Farming where users can stake one token to mine a pool of assets (tokens, NFTs or rewards)
- FlareWrap - enables users of the Flare Network to have an immediately available stable coin currency.
- FlareLoans - is an asset-backed loans issuance platform.
- FlareMutual - a decentralized mutual fund that allows people to share risk together, removing the insurance company middle man.
- FlareMine - a decentralized yield mining platform that allows owners of Bitcoin or Ethereum mining rigs to mine Spark (FLR)