Flamingo Finance has announced the forthcoming launch of OrderBook+ 2.0 and FLOCKS, with deployment tentatively scheduled for March 3. Additionally, the team introduced an in-house oracle that will support both new features.
The in-house oracle will replace third-party solutions currently used by FUSD, Neo’s first over-collateralized stablecoin. The team emphasized that the oracle is critical for both FLOCKS and FUSD and will serve as a foundational component for future decentralization efforts.
OrderBook+ 2.0 enhancements
OrderBook+ 2.0 is a block-based order book that integrates AMMs with limit orders to establish a decentralized trading protocol with tighter spreads. Flamingo leadership recently completed testing of the latest release candidate, RC 19, which was trialed during the TestNet Trading Competition in January and February.
The team plans to deploy RC20 soon. It will feature post-only order enforcement and stricter price difference requirements to ensure full order execution.
The launch of FLOCKS
FLOCKS is an evolution of the FLUND concept, providing a single-sided staking option designed to encourage long-term holding over short-term trading. Holders will receive a share of fees generated by the Flamingo platform in the form of dividends. Additionally, governance capabilities will be integrated in the future, at which point FLOCKS holders will gain voting power.
Deployment timeline
While the smart contracts for OrderBook+ 2.0 and FLOCKS are prepared for launch, implementation will be delayed by the Flamingo team’s attendance at Consensus Hong Kong. The full deployment will occur after key personnel return later in the month to ensure 24/7 monitoring during the MainNet rollout.
In the interim, Flamingo will deploy RC20 with price oracle functionality, introduce user interface enhancements, and finalize preparations for full deployment. Following the planned launches, Flamingo intends to host an AMA on March 6.
The full announcement can be found at the link below:
https://discord.com/channels/748375438467793036/755445263077867670/1338503742391320597
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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