Flare Finance (DFLR) builds a one-stop decentralized finance (DeFi) ecosystem on Flare, the much-anticipated EVM-compatible blockchain. Here is how this product is going to leverage Songbird (SGB), a Flare "canary network?"
Flare Finance (DFLR) teases new beta program with NFT prizes and rewards
The upcoming #Songbird launch will be home to a new form of trustless experimental finance, we have dubbed #ExFi. #ExFi will be home to the new #FlareFinance BETA Program with awesome rewards including Samurai NFT’s, Asset Prizes, and more!— Flare Finance (@FlareFinance) August 13, 2021
Are you ready for #ExFi?
First of all, Flare Finance (DFLR) is going to start an incentivized beta testing program with a number of lucrative rewards for participants. The new beta testnet will inherit Samurai-themed aesthetics from previous Flare Finance initiatives.
Namely, Flare Finance (DFLR) will distribute the "Samurai" series of digital collectibles (non-fungible tokens, NFTs) and prizes in cryptocurrencies.
As covered by U.Today previously, Flare Finance (DFLR) rewarded its early-bird adopters with Samurai-themed NFTs. One of them, "Super Rare" Samurai NFT, was then sold for 5.06 Ethers (ETH).
Introducing "Experimental Finance" concept: What is ExFi?
Flare Finance (DFLR) is going to introduce the brand new concept of "Experimental Finance" to a global community of blockchain enthusiasts.
As explained by Flare Finance (DFLR), the "Experimental Finance" of "ExFi" will act as an experimental environment for the financial designs of the DeFi segment:
#ExFi refers to Experimental Finance, or decentralized finance with new approaches to financial modules that may be adopted into main network #DeFi. In other words, a #DeFi sandbox where anything can happen!
As U.Today previously reported, before the inception of Flare's mainnet, its team will launch Songbird (SGB), a "canary network," to stress test all of Flare's economical scenarios with real-world tokens.