Flynt Finance: A Detailed Review of the Emerging Crypto Portfolio Management Solution
Summary
The art of crypto trading has never been more complicated than it is now. With so many options to choose from, traders find it difficult to keep track of their crypto holdings. As crypto markets grow at an exponential rate, so does the risk of getting into crypto without proper management. There are currently few to no transparent crypto management portfolio solutions that also generate real returns.
This is where Flynt Finance comes in as a revolutionary portfolio management platform with effective options strategies. Flynt Finance and its team are working to create a center of proven, reliable and innovative financial products. Let’s dive deep into what this platform is all about and see how useful it really is.
Origin of Flynt Finance
Crypto market participants have become more aware of the benefits of yield-generating protocols in recent years. Using the capabilities of yield farming, people have made substantial gains despite the relentless crypto winter. But the dark side of yield generation is the unforeseen security risks. To change this narrative and provide a hassle-free return-generating experience for all crypto enthusiasts, a team of blockchain experts created Flynt Finance.
Introduced in 2022, Flynt Finance is the brainchild of a team of blockchain industry veterans who have been working on various projects since 2015. According to the official website, Flynt Finance executives were previously operators of a derivatives exchange cryptographic. Their experience in crypto asset management and custodial services has allowed them to create a platform with the potential to lead the industry.
Main characteristics
- Finding a safe and trustworthy performance product in the market is almost impossible. But to meet this need, Flynt Finance has three backtested yield-generating strategies that could deliver around 20-80% APY on BTC and ETH. The week’s ATH return for BTC was 1.375%, or around 103% APY, according to available information. This one-of-a-kind platform is a one-stop solution for crypto market participants who need a reliable portfolio manager. Flynt Finance lets you enable two-factor authentication for added security of your crypto assets.
- Using Flynt is easy because it is a blockchain-independent platform. This means that there is no need to change channels and/or pay exorbitant gas fees to use this platform.
- The company and its owners believe in financial freedom, so they are preparing many upcoming products related to crypto finance. But what is even more reassuring is the fact that the strategies offered are all backtested, reviewed and reliable.
- The type of APY offered by Flynt is not only unknown, but also easy to implement. With a user-friendly interface, this platform has unlocked a way to put your crypto holdings to work and earn from yield farming.
Flynt Finance Products and Strategies
Now let’s take a look at the products and strategies offered by Flynt.
The strategy known as “BTC hedged calls x5” would be simple yet courageous to implement. It combines options and leverage on crypto, which is generally considered a recipe for disaster. However, Flynt minimizes the risk by turning it into a systematic weekly sell of OTM calls below a specified delta. The goal is to maximize the number of BTC by collecting bounties on the sale of weekly call options.
Based on options, this strategy may seem aggressive. This strategy is only suitable for those with a high risk tolerance, as it results in a large drawdown in the event of a loss.
This strategy is similar to the one mentioned above, with some obvious differences. For example, this strategy works for systematic short-term Ethereum trades, and OTM call options are short once or twice a week. This is a much more standard strategy compared to the Bitcoin strategy, but it works similarly.
In this strategy, there is a maximum limit to leverage, which is 2x. According to Flynt, the two strategies involving BTC and ETH occur on two different trading platforms. Deribit and Paradigm (block trades) are the chosen trading platforms for these strategies.
This generates a return from GMX’s GLP token by neutralizing any underlying delta exposure. The GLP token acts as a liquidity pool for GMX, a well-known crypto derivatives exchange. Being a delta neutralization strategy, it takes place in a continuous loop, where any profit or loss is only counted once a week (Wednesday). It should be noted that subscribing to this product is equivalent to investing in a basket of assets including BTC, ETH, UNI, stablecoins and LINK.
This means that all deposits and withdrawals take place on the same day. But what sets this offering apart from others is its frequent rebalancing to maintain delta neutrality. Although each strategy has its own set of risks, the Flynt Finance platform makes sure to share all information with its followers before any engagement.
The Flynt Finance crypto wallet is another simple yet innovative product offered by this company. But currently there is not much information available about it.
The wallet is a dedicated product offered by Flynt Finance, which one can benefit from after a simple registration process. Interestingly, Flynt is a partner of Fireblocks, a known leader in asset custody in the crypto world.
Promotions: Sponsorships
When it launched in 2022, Flynt Finance announced a limited-time promotion to protect users’ initial investment. Key protected products were available to all alpha users, ensuring that their losses would be covered directly by the company.
Currently, a referral program is underway for Flynt Finance subscribers. By using this program, any user and their friend could earn money on the platform. A user just has to invite their acquaintances to Flynt via a link and earn around 50% of Flynt’s revenue (which is for a limited time as it was originally 25%). Referred users get a 10% platform performance fee discount and a chance to win BTC on their first deposit.
Security measure: 2FA authentication
Security protocols are a major concern in the crypto world. Flynt and his team understand this, which is why they added an option to configure 2FA for users. This can be done using the Flynt app directly from the OTP settings and following the steps as they appear.
Pros and cons
- Market-leading returns with low risk
- Simple to use interface with no gas costs
- 2FA Authentication and Sustainable Yield
- 3 Yield Strategies and Upcoming Vega Staking
- This is yet another brand new entry into the market.
- Backtested strategies that do not guarantee profits
- The proposed strategies are not without risk.
- The platform has a limited number of products at the moment.
Conclusion
To sum up, we can say that Flynt Finance is a new aspiring crypto portfolio management platform. However, its main attractions are its backtested, low risk and high return strategies. It’s easy to subscribe and follow simple steps, making them beginner-friendly. Additionally, Flynt is already available through the Android app, and his team is working on an upcoming Vega staking product.
While the ups and downs of the crypto market are relentless, yield farming has become an easy way to earn by running your crypto holdings. From this perspective, Flynt Finance seems like a promising platform to start your journey by paying a 20% performance fee.
Frequently Asked Questions (FAQ)
The Flynt Finance app is currently only available for Android devices, but an iOS version is in the works.
Subscribers can claim interest on this platform every week after they are dialed weekly based on their subscription amount. The longer a subscriber keeps their subscription, the higher the weekly returns.
For beginners, it is prudent to start with the following minimum subscription amounts: For BTC x5 covered calls: 0.001 BTC For ETH +⍺ covered calls: 0.01 ETH For USDC GMX:GLP: 500 USDC.
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