Decentralized finance is seen as the next big thing in the cryptocurrency market. However, several top cryptocurrencies are unable to be a part of DeFi and bring value to their holders. This could change very soon as Flare Finance will launch its product on Flare Network. Leveraging the Flare Network, Flare Finance is expected to bring smart contract functionality to XRP, LTC, and DOGE coin making that fully programmable money.
Flare Finance DeFi Products
Flare Finance is expected to go live on the Flare Network a month after the main net is launched. It will initially launch six products FlareX, FlareFarm, FlareUSD, FlareLoans, FlareMutual, and FlareMine. The products will allow users to earn passively by staking or providing liquidity right from their Flare Wallets. A complete decentralized financial infrastructure will be available for the first time for XRP, LTC, DOGE, and Spark tokens.
Flare Finance ecosystem will utilize three tokens: YFLR, YFIN, and YMIN. All Spark token holders