Flamingo Update - May 19, 2025

Flamingo community, we come to you today to announce some updates for Flamingo as well as cue you in on what’s ahead.

More Options for FUSD Minting

Until now, to acquire Flamingo’s over collateralized stablecoin, FUSD, you either had to mint it by taking out a loan using Flamingo Lend, by trading to it via OrderBook+, or swapping to it via Convert.

Well, as of today, you now have a third option to get your hands on FUSD. You can now directly mint FUSD with USDT on Flamingo. Users can mint FUSD with either USDT on Neo N3 or with USDT on Ethereum.

You can now also unwrap FUSD to USDT on Neo N3.

To mint FUSD with USDT:

1. In the Asset Actions tab on flamingo.finance, go to the Wrap & Unwrap asset action.
2. On the Wrap tab, select USDT from the Amount dropdown, and select FUSD from the You will receive dropdown.
3. Enter the amount you wish to mint from and select Wrap.
4. Confirm the transaction at your wallet.

That’s it!

We’re excited to see this option bring more liquidity to FUSD and to Flamingo.

Note: While minting FUSD with USDT is unlimited, unwrapping from FUSD to USDT is not unlimited; it will depend on how much USDT is in the contract at any given time.

Sunsetting Bonus APR from Pools and Adjusting FLM Minting

On Wednesday, May 21, 2025, we will remove Bonus APR from pools on Flamingo and adjust FLM minting down to 86,400 FLM per day, 0.38% monthly.

What does this mean for me?

When Bonus Pool minting is removed, you will no longer get bonus APR from staking in certain pools on Flamingo when having an FUSD loan.

That said, removing Bonus APR will make it more attractive for everyone to stake in liquidity pools on Flamingo (not only to those with a loan).

As for FLOCKS, there will be no changes regarding FLM minting.

Two pools have also been adjusted down to receive 0% of FLM minting: SWTH-FUSD and USDT-FUSD.

What’s next for Flamingo?

The Flamingo team is always working on improving the platform. Up next, in the coming weeks, you’ll be able to add various LP tokens (tokens you get from adding liquidity to liquidity pools) as collateral to Flamingo Lend, and borrow FUSD against them. Keep an eye out for more announcements ahead!

As always, we’ll see you in the pools.

Flamingo Finance is a DeFi platform built on the Neo N3 blockchain. Designed with Smart Functions for beginners to advanced cryptocurrency users, Flamingo makes DeFi easy for everyone.

Whether you want to stake in liquidity pools and earn yield, borrow crypto against your collateral, or simply trade from one token to another, Flamingo Finance is the place to be.

To stay in touch with us and keep up to date on all things Flamingo, please join us on Discord or Telegram, and connect with us on X (Twitter).