What is Florence Finance? Florence Finance is a Lending & Borrowing platform but the lending subjects for Florence Finance are businesses in Web2. So, if Florence Finance has anything interesting, let’s find out with us in the article below.
To better understand Florence Finance, people can refer to some of the articles below:
- What is Arbitrum (ARB)? Arbitrum Cryptocurrency Overview
- What is DeFi? All About DeFi
- What is Lending & Borrowing? The Essential Borrowing and Lending Puzzle in DeFi
- What is Maple Finance (MPL)? Maple Finance Cryptocurrency Overview
Florence Finance Overview
What is Florence Finance?
Florence Finance is a Lending & Borrowing platform that allows users to profit from idle Stablecoins, users’ Stablecoins will be loaned to SME businesses in Web2. On-chain activities include:
- Users deposit Stablecoins into Florence Finance in exchange for LP Tokens (FLR or Loan Vault Tokens).
- The protocol will store all information about transactions, user balances,…
- The protocol pays profits and rewards to users. At the same time, create liquidity for LP Token in the secondary market.
Some of these real-world activities include:
- Where is the Euro for SME Lending Platform?
- SME Lending Platform uses Euros to lend and hold collateral to SMEs managed by the SME Lending Platform.
- Loans are paid with interest for SME Lending Platform.
- Interest and principal return to the protocol for distribution to users.
Project legal
Florence Finance Protocol is a limited company with its registered office in the DMCC (designated crypto free trade zone and testing zone) in Dubai, United Arab Emirates. Lending activities are managed through a limited subsidiary called Florence Finance Europe BV which is registered in the Netherlands.
Development Roadmap
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Core Team
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Investor
- Florence Finance successfully called for a number of famous investment funds such as Big Brain Holdings, Bixin Ventures, AscendEx, Coin IX,…
Tokenomics
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Exchanges
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Project Information Channel
Summary
Florence Finance is an extremely potential project in the upcoming period and on the Arbitrum ecosystem. Hopefully through this article, everyone can understand more about what Florence Finance is?
