Flamingo Finance has launched SmartBuy, a smart contract feature that automates FLOCKS token acquisition by selecting the most cost-efficient option between minting or market purchase.

The SmartBuy functionality will be integrated into the FLOCKS acquisition interface and is intended to lower the barrier for new users entering the FLOCKS ecosystem. According to the Flamingo team, SmartBuy is aimed at simplifying the process and delivering price-efficient outcomes without requiring users to decide between minting or buying independently.

SmartBuy is an automated smart contract that embeds real‑time arbitrage logic. When a user initiates a “buy FLOCKS” action via SmartBuy, the contract:

  • Monitors live price data across multiple trading pairs (specifically, FLOCKS/FLM, FLOCKS/FUSD, and FLM/FUSD).
  • Compares potential acquisition paths (i.e., minting FLOCKS directly vs. executing trades via the broker or through intermediary pairs).
  • Selects the lowest‑cost route, which may involve a hybrid approach (part minting, part trading) to optimize value.
  • Executes the optimal transaction automatically so that users receive FLOCKS through a single interface.

In practice, users connect their Neo N3 wallet, specify the input token and amount (i.e., FLM), set slippage tolerance, and confirm the SmartBuy operation. SmartBuy decides whether minting or market trades offer better pricing and then carries out that action (or a combination) in one step.

The goal is to reduce friction: users no longer need to assess whether minting or secondary market purchases will be more cost-effective. SmartBuy handles that dynamically. Flamingo projects that this mechanism will help maintain efficient price discovery, support fair value for buyers and sellers, and strengthen market liquidity around FLOCKS.

About FLOCKS

FLOCKS is a multi‑asset, dividend‑bearing token introduced as the successor to Flamingo’s earlier single‑sided staking product, FLUND. It is designed to align token holders’ interests with platform usage and growth. The key characteristics and mechanisms include dividend distributions, a deflationary mechanism, FLUND migration, and plans for governance.

FLOCKS holders receive rewards generated from Flamingo’s platform activity, such as trading fees, loan interest, and minting rewards. These distributions are typically processed weekly.

Each time new FLOCKS are minted, the corresponding FLM tokens are permanently burned, tightening the supply of FLM. Flamingo reports that over 115 million FLM have been burned through FLOCKS minting, a figure greater than one year’s emission under the prior schedule.

Existing FLUND holders were allowed to convert their holdings to FLOCKS at a 1:1 ratio during migration. No exit fee was applied in that phase (whereas FLUND normally imposed a 2% exit fee). This conversion window was aimed at rewarding early participants and preserving continuous yield.

While the governance module is not yet active, FLOCKS is built with future governance capabilities in mind. When governance is enabled, token holders will be able to vote on protocol decisions.

The full announcement can be found at the link below:
https://medium.com/flamingo-finance/introducing-smartbuy-for-flocks-the-smartest-way-to-get-flocks-and-maximize-your-yield-693b7c615499

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