Flux Protocol is a lending protocol that any individual can adapt to and make use of various lending applications grounded on the protocol. The whitepaper states that the platform seeks to collect the assets of all users, which makes it an aggregated digital item market, also known as the money market.

Flux Protocol aims to offer a lending mechanism for regulating interest rates of crypto items automatically or in a decentralized manner, incentivizing liquidity in the cryptocurrency market. Liquidity is the capability of an asset or security to get transformed into currency at a given price. Moreover, the platform is established on multichains and intends to launch on other blockchain protocols too.

The platform is borderless, where users benefit from low fees for the transaction and cross-chain interoperability. Cross-chain interoperability (CCIP) offers an open standard to the developers to create secure applications and services that can transfer messages and tokens and take actions across various networks. Since Flux Protocol uses a Conflux blockchain network, there is an enhanced possibility for liquidity. Conflux network seeks to enable communities, markets, and creators to connect across protocols and borders.

The native token of the Flux Protocol is FLUX. The fundamental purpose of the token is to influence the liquidity providers (LPs) on the platform. Also, the FLUX token acts as a governance token. It is a DAO token created for community governance. DAO is a decentralized autonomous organization built by developers with an aim to automate decisions and promote cryptocurrency transactions. Subsequently, the token is required to vote on the Flux platform for improvement proposals. Additionally, the token can be kept in a security module aiming to provide insurance and security for the protocol and the depositors, who are likely to get rewards for doing so.

Conflux network empowers the platform of Flux Protocol. The platform was created by Zero One Universe. The platform's launch on the Conflux public chain took place on November 14, 2020.

Actualizamos nuestro Flux Protocol a EUR en tiempo real. Obtén el precio de Flux Protocol actual en Coinbase.