Flamingo Finance, a renowned name in the financial technology world, has revealed plans to launch its new OrderBook+ 2.0 and FLOCKS, with the targeted date set for March 3. In addition to these new features, the team has also created an in-house oracle to offer support.
This in-house oracle is set to take over from the third-party solutions that are presently employed by FUSD, which is Neo’s inaugural over-collateralized stablecoin. The Flamingo team has underscored the significant role of this oracle for both FLOCKS and FUSD. They view it as a key element on their journey towards broader decentralization.
The OrderBook+ 2.0 is a major upgrade, designed as a block-based order book that integrates Automated Market Makers (AMMs) with limit orders. This creates a decentralized trading protocol with tighter spreads. The Flamingo leadership have recently concluded testing of the latest release candidate, RC 19. This version was put through its paces during the TestNet Trading Competition that took place in January and February.
The forthcoming RC20 will feature post-only order enforcement and stricter price difference requirements. This is intended to guarantee comprehensive order execution.
FLOCKS, the other significant introduction, is an evolved version of the FLUND concept. This new model offers a single-sided staking option, which is expected to stimulate long-term holding rather than short-term trading. As an attractive incentive, holders will receive a share of fees generated by the Flamingo platform as dividends. Future plans include the integration of governance capabilities, which would then give FLOCKS holders voting power.
While the smart contracts for OrderBook+ 2.0 and FLOCKS are ready to launch, the Flamingo team’s attendance at Consensus Hong Kong will delay the implementation. The full deployment will only occur when key personnel return later in March, ensuring 24/7 monitoring during the MainNet rollout.
In the meanwhile, Flamingo plans to deploy RC20 with price oracle functionality, introduce user interface enhancements, and finalize preparations for full deployment. After the planned launches, Flamingo will host an AMA (Ask Me Anything) session on March 6.
For those interested in more details, the full announcement can be accessed at the link provided. This latest development makes it clear that Flamingo Finance continues to be a dynamic player in the fintech industry, constantly innovating and evolving to improve its offerings.
