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$SFIN

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$SFIN

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Experimental Finance is the FLR Finance testing ground on the Songbird Network and $SFIN is the ecosystems Primary Governance token. $SFIN is the Songbird equivalent of $YFIN - the primary Governance token on the Flare Network instance of FLR Finance.

Introduction

Songbird is the Canary network for the Flare Network. FLR Finance will have an ecosystem on both networks. Songbird considered experimental and Flare considered production-ready. New features and products are first introduced to the Songbird ecosystem where they are thoroughly tested before being introduced to the Flare ecosystem. The two ecosystems are separate from each other. Experiences on Experimental Finance may influence use cases, tokenomics and allocation changes for the mainnet instance of FLR Finance.

Experimental Finance

$SFIN is the Experimental Finance ecosystem’s primary Governance and rewards token. It has a primary focus on service across the entire ecosystem and maintains a higher authority in swaying the outcome of various forms of Governance proposals. Unlike $EXFI, it cannot vote on new token listings and trading pairs on the FLRX platform. Additionally, it will not serve as a fee replacement token on FLRX nor FLRWrap. As the primary Governance token, $SFIN allows its holders to engage in voting on protocol-related operational changes. Beyond Governance, it serves as the primary rewards token on FLRFarm.

 

Once farmed, $SFIN, has several use cases within the Experimental Finance ecosystem including, but not limited to:

  1. Primary Governance over $EXFI.
  2. Participating in liquidity pools on FLRX.
  3. Staking it on FLRFarm to earn more $SFIN.
  4. Participating in Launchpads on FLRFarm.
  5. Providing it as collateral for loans on FLRLoans.
  6. Providing it as coverage on FLRMutual.
  7. Use it in order to trade NFTs on FLRDrops.

$SFIN Usecases

Total Supply - 11,000

 

$SFIN is distributed as rewards allocated to various products within the ecosystem. Tokenomics and allocations are based on the V1 whitepaper. [ref#4]

Tokenomics

$EXFI & $YFLR have similar usecases but on separate networks. They both have a max supply of 11,000 tokens.

SFIN vs YFIN

$SFIN can be traded on the FLRX DEX as well as many other DEXs on Songbird. CEX listings can be found on Livecoinwatch.

$SFIN Markets

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Introduction

Experimental Finance

$SFIN Usecases

Tokenomics

SFIN vs YFIN

$SFIN Markets

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