Flare Finance To Reward ExFi Participants with 1 Million $YFLR

[RSRS]

Flare Finance, the first DeFi network to be launched on the Flare Network, recently announced the launch of an Experimental Finance platform. This first-of-a-kind initiative will be launched on the Songbird Network. While the final Flare Finance platform will be launched with six products, the ExFi platform will only include FlareX, FlareFarm, and FlareLoans.

1 million $YFLR Rewards
Flare Finance has announced that they will reward the participants of the ExFi platforms with a 1m $YFLR pool. 650,000 $DLFR have been allocated to the participants who take part in yield farming by staking in the SGB, SGB/CAND, and DFLR farming pools. 350,000 $DFLR has been reserved to reward participants who mint Canary Dollar (stable coin) and stake in the pools on FlareLoans. The distribution of rewards will take place over 63 days ensuring consistent testing of all the products.

Once the main Network is launched, participants who have earned $DFLR on the ExFi platform can migrate their $DFLR to the Flare Network and receive the $YFLR on the main network. It is important to note that Flare Finance will be rewarding and later airdropping $DFLR which will have to be converted into $YFLR. This needs to be done by everyone who has received $DFLR after the snapshot. The snapshot of Spark token holders will be taken a month after the Flare Network launch.

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[bijoy52]

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