Flamingo is a full-stack DeFi protocol based on Neo that enables low-friction interoperability and bi-directional asset flows in a multi-chain environment. The first phase includes asset interoperability for Neo, Ethereum, Ontology, and blockchain assets based on the Cosmos SDK.
Flamingo consists primarily of six components:
Wrapper: A cross-chain asset gateway.
Swap: An on-chain liquidity provider.
Vault: A one-click asset management service.
FUSD: A synthetic stablecoin asset.
Perp: A perpetual contracts trading platform utilizing an automated market maker mechanism.
DAO: A decentralized autonomous organization serving as a governance platform.

The FLM token is the governance token for the Flamingo platform. FLM holders can vote to change platform parameters and decide whether to mint additional FLM tokens.
During the early stages of the Flamingo project, FLM tokens will be distributed for the following use cases:
Cross-chain asset staking.
Staking of Liquidity Provider (LP) tokens.
Generating FUSD, the synthetic stablecoin asset of the Flamingo platform.
Staking FUSD as collateral for perpetual contract trading.
Participation in DAO governance.