These contracts work together to create an upgradeable contract representing an underlying asset such as USDC, BTC or ETH that can be paid interest through a rebase. User balances go up automatically as the underlying assets earn interest on the Coinflex exchange.
All flexAssets can be minted or redeemed on the CoinFLEX flexAssets portal. The assets are put at work in the CoinFLEX repo orderbook enabling a tight connection between CoinFLEX's deliverable perpetual contracts and the spot market. An FAQ is available.
flexAssets can be withdrawn from the exchange at any time and used as a means of payment or used as capital for trading purposes, all the while earning interest automatically through the exchange.
CoinFLEX pays interest by rebasing balances for all addresses. The contract enforces the condition that balances can only go up.
At present flexUSD, flexBTC and flexETH have been deployed. They are available on Etherscan at the following addresses:
- flexUSD 0xa774FFB4AF6B0A91331C084E1aebAE6Ad535e6F3
- flexBTC 0x2B93824ad1c8c2DD79351FaCaE9473eAEf062366
- flexETH 0x40fB4096E0ACbf97D0087C3b7e4c6794Aa24a32f
More deployments will occur shortly.