Flamingo Finance’s team has communicated their strategic focus for the upcoming year, 2025, via an announcement on their official Discord server. The two main areas of concentration will be the OrderBook+ 2.0 and the FLOCKS token.
OrderBook+ 2.0 is an advanced order book based on blockchain technology. It employs automated market makers and limit orders to create a decentralized trading protocol, effectively narrowing spreads. On the other hand, FLOCKS represents the next stage of FLUND, a one-sided staking index-like fund.
Before the end of 2024, the development team of Neo’s largest non-custodial exchange aims to introduce new token pairs that the OrderBook+ 2.0 can accommodate on the Neo N3 TestNet. Currently, OrderBook+ 2.0 supports trading for FLM, fUSDT, fWBTC, and GAS. Flamingo plans to incorporate new tokens with 6 or 18 decimals and pairs with significantly high or low prices to observe various potential trading situations. The team is strategically deploying assets to evaluate the system’s performance under a range of market conditions.
As the team readies the second iteration of OrderBook+ for MainNet, the focus is on ensuring the full stability of the contract code. If testing during the winter holiday season only uncovers non-critical bugs, January will be dedicated to polishing the user interface (UI). Upon the completion of UI and smart contract tests, the development team intends to roll out the MainNet upgrade. The team acknowledges this as a “major milestone and a significant undertaking,” and promises to keep all stakeholders informed at every stage.
Simultaneously, Flamingo is also gearing up for the launch of FLOCKS in 2025. The FLOCKS token contract is currently live on the Neo N3 TestNet and is in the integration process with the front end. Barring any major bugs in the contract testing and UI implementation, Flamingo plans to deploy the smart contract and module on the platform in January 2025.
FLOCKS signifies the next phase of FLUND, which debuted in 2022 as a one-sided staking feature that receives a portion of daily FLM minting rewards and fees collected on the DeFi platform. Originally conceived as a digital asset to encourage long-term holding, FLUND saw a high degree of short-term trading. To counter this, Flamingo hiked the exit fee from 0.5% to 2% later that year to deter short-term swaps.
Learning from past experiences, FLOCKS is designed to incentivise long-term holders by distributing platform activity-derived fees as dividends. It will also provide token-based vote weight once the team integrates governance capabilities.
