neonewstoday.com
Flamingo Finance has announced the team’s area of focus going into 2025 on its official Discord server, primarily centered on OrderBook+ 2.0 and the FLOCKS token. OrderBook+ 2.0 is a block-based order book that utilizes automated market makers and limit orders to establish a decentralized trading protocol with tightened spreads. FLOCKS is an evolution of FLUND, the single-sided staking index-like fund.
OrderBook+ 2.0 Update
Before 2024 winds down, the development team for Neo’s largest non-custodial exchange intends to add new token pairs that OrderBook+ 2.0 can support on the Neo N3 TestNet. Currently, OrderBook+ 2.0 supports trading for FLM, fUSDT, fWBTC, and GAS. Flamingo will add new tokens with 6 or 18 decimals and pairs with notably high or low prices to monitor different potential trading scenarios. The team notes that they’re deploying assets in this manner to test the system in varying market conditions.
As Flamingo prepares the second version of the OrderBook+ for MainNet, the team intends to focus on ensuring the contract code is fully stable. If only non-critical bugs are found during tests conducted during the winter holidays, then January will be spent finalizing the user interface.
When the UI and smart contract tests are complete, the development team plans to release the MainNet upgrade. Flamingo notes, “This will be a major milestone and a significant undertaking, and we’ll keep you updated every step of the way.”
Alongside the development and forthcoming release of OrderBook+ 2.0, Flamingo is also preparing for the release of FLOCKS in 2025.
FLOCKS Plans
Currently, the FLOCKS token contract is live on the Neo N3 TestNet and being integrated into the front end. If there are no major bugs with contract testing and UI implementation, Flamingo intends to launch the smart contract and module on the platform in January 2025.
FLOCKS is the next evolution of FLUND, which launched in 2022 as a single-sided staking feature that receives portions of daily FLM minting rewards and fees accrued on the DeFi platform. Initially envisioned as a digital asset to incentivize long-term holding, the developers found FLUND was host to a high degree of short-term trading. In response, Flamingo increased the exit fee later that year from 0.5% to 2% to disincentivize short-term swaps.
Building on the lessons learned, FLOCKS will incentivize long-term holders by sharing fees derived from platform activity as dividends and offer token-based vote weight after the team integrates governance capabilities.
The full announcement can be found on the Flamingo official Discord server:
https://discord.com/channels/748375438467793036/755445263077867670/1319555648337215539