What is fDAI? Each asset supported by the Flux Finance Protocol is integrated through a fToken contract, which is a representation of balances supplied to the protocol. fTokens, such as fDAI, are a fork of Compound V2's cTokens, with additional functionality to support permissioned assets. What Makes fDAI Unique? fDAI is minted when users deposit DAI on Flux Finance. By doing so, the user's DAI will become available to borrowers, and the user will earn the DAI supply rate. fDAI increases in value relative to the underlying DAI, meaning users can redeem more assets over time as interest is earned. The interest rate earned by lenders fluctuates and depends on the market's utilization (i.e. the percentage of deposited assets that have been borrowed). History of fDAI In January 2023, Flux was announced as a decentralized lending protocol that can support permissionless cryptoassets alongside permissioned tokens. The protocol was initially developed by Ondo Finance, a software development firm in DeFi, before being sold to Flux Finance. Flux is governed by the Ondo DAO, in which ONDO holders vote to upgrade its code and alter its risk parameters. In February 2023, the protocol was initialized and its supported assets and parameters were selected in a genesis vote. fDAI was among the first assets to be selected, alongside fUSDC and fOUSG. Markets for these assets opened shortly after. What can fDAI be Used For? By minting fDAI, users earn interest and gain the ability to use fDAI as collateral. fDAI can be transferred to effect change in ownership. Transferring fDAI means transferring your balance of the underlying DAI inside the Flux Finance protocol. Transfers that would result in negative account liquidity for borrowers on Flux Finance will fail. What’s Next for fDAI? As a permissionless yielding asset, fDAI can in turn be used as collateral at other lending protocols, and offers an alternative settlement option between parties.
The Flux DAI price today in USD is 0. Through the Flux DAI price history, the price ranges from 0 USD (all time high) to 0 USD (all time low). Flux DAI price last 24 hours fluctuated from 0 USD (24h high) to 0 USD (24h low).
Check the Flux DAI value today and exchange rates with more than 15 cryptocurrencies and fiat currencies including USD EUR GBP CNY JPY BRL RUB UAH INR CZK VND TRY CHF SEK BTC ETH BNB
Homepage: https://fluxfinance.com/
Block explorers: https://etherscan.io/token/0xe2bA8693cE7474900A045757fe0efCa900F6530b https://ethplorer.io/address/0xe2bA8693cE7474900A045757fe0efCa900F6530b
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Twitter: https://twitter.com/FluxDeFi/
You can buy Flux DAI on decentralised or centralised exchanges, via p2p transfers or in individual direct transactions. REVENUEBOT offers an automated trading bot that helps among other things to buy and sell FDAI at predefined levels. This way, no matter, day or night, there is no chance to miss the next move. The REVENUEBOT Flux DAI trading robot will buy and sell following the strategy chosen by you.
In short, yes. But manual transactions, however fast, still can not be done in less than a second. That is why automated trading took over both traditional and crypto financial markets. Use the current price of Flux DAI and trade with REVENUEBOT in less than a second.
In short, only if the current value of Flux DAI will be less than the value of Flux DAI at the moment of selling in the future. The Flux DAI chart can only assist the Flux DAI value today versus tomorrow, or the distant future. No one can guarantee you the profit but the REVENUEBOT is free until it brings you money. Please note that information concerning current Flux DAI value or any other information on this page can not be considered investment, trading, financial advice or any sort of recommendation to act in the financial market. The content is provided for informational purposes only.
The answer to these questions depends on the FDAI supply. Check the Flux DAI live chart to see the current supply and predict how long it will take for the coins to run out.
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