Furucombo

Overview of Furucombo

  • Furucombo is a great tool for people who want to perform actions across alternative protocols, especially those who want to leverage flash loan. Flash Loans are introduced by Aave, an open-source lending protocol for anyone to deposit and borrow cryptographic assets.
  • Furucombo’s focus on providing an enhanced UI/UX to interact with multiple DeFi protocols without the need for coding knowledge cements its value proposition as a core pillar within the DeFi ecosystem.”
    – Arthur Cheong, Founder of DeFiance Capital
  • FuruCombo (COMBO) is an integral Ethereum-based DeFi product focused on building “combos,” Lego-like constructions that allow users to use multiple instruments for liquidity provision and decentralized exchange.
  • Furucombo went live in March 2020 and has raised $1.85 million in a seed funding round from leading DeFi Venture Capitalists. 

    Binance is the world's leading cryptocurrency exchange. Trade Now!

  • Furucombo is a brand-new DeFi platform seeking to turn complex decentralized finance operations into a user-friendly dashboard with buttons to create financial operations using a drag-and-drop builder tool.
  • Furucombo’s platform mitigates the risk of lending and borrowing by wrapping up transactions into ‘combos’ executed by a single smart contract, removing the need to jump between multiple platforms. 
  • Furucombo, an Ethereum-based transaction “batching” protocol, said this morning that the platform had been exploited and asked all users to cease all approvals as caution.
  • Furucombo has reported the issue to law enforcement and has started cooperating with smart contract analytics service Certora to receive a full audit for the incident.
  • Furucombo is working closely with a dedicated security team to monitor the situation and to prevent further user funds from being compromised.
  • Furucombo’s COMBO token price fell more than 40% in value after the hacked information appeared, dropping from $ 4.7 to $ 2.7.

    • Blockchain

    Defi Cubes and the Decombo Experience makes it so easy to teach people these revolutionary new concepts!#defi #furucombo #Ethereum #aave #kyber #compound #maker #uniswap #crypto #blockchain #busd $eth

    Support

    Back then, it was unclear where DeFi was heading but we were determined to keep building under the most unfavorable conditions, bear market, no fundings, low tractions, etc.It was a mere nine months ago that Furucombo was launched in March 2020, which initially supported only Uniswap V1 swapping and Compound supply features.The hard work we’ve put together before the DeFi summer has laid the foundation of what we have achieved today.We are very proud and grateful to share with you that as of December 2020, Furucombo has

    Transactions

    A NodeJS bot that monitors the Furucombo Proxy contract for successful and profitable arbitrage transactions

    How to do a Flash Loan?

    If you would like to know more the procedure on how to do a Flash Loan, check out the documentation.Aave developers are also available in the official discord channel to help with the process.

    Are There Any Drawbacks to Using Furucombo?

    There are no hard drawbacks or significant trade-offs to using Furucombo.Some minor issues – for the time being – are inevitable.

    What is
    the Furucombo price today?

    The current price of Furucombo is
    1.806 USD today.

    What is a Flash Loan?

    Flash loans are a feature designed for developers, due to the technical knowledge required to execute one.Flash Loans allow you to borrow any available amount of assets without putting up any collateral, as long as the liquidity is returned to the protocol within one block transaction.To do a Flash Loan, you will need to build a contract that requests a Flash Loan.The contract will then need to execute the instructed steps and pay back the loan + interest and fees all within the same transaction.

    Is it possible to use Flash Loans without coding?

    Yes, there are already tools allowing end users to benefit from Flash Loans, such as collateralswap or defisaver.You can find more use cases at: https://medium.

    Cardano (ADA) jumps 8% in 24 hours, but what does on-chain sentiment data show?

    ADA, the native token of smart contract platform Cardano, jumped 8% in the past day amidst rising public sentiment for the broader ecosystem, data from multiple sources showed.

    Will Furucombo hit 50 USD in a year?

    Not within a year.See above.

    Furucombo / USD Forecast, COMBO price prediction: Buy or sell Furucombo?

    COMBO Price is 1.COMBO Price is 1.982 USD today.982 USD today.

    What is Furucombo?

    Furucombo is a tool built for end-users to optimize their DeFi strategy simply by drag and drop UI.

    How do I buy Furucombo?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Furucombo.

    Will Furucombo hit 20 USD in a year?

    Not within a year.See above.

    What is Furucombo?

    DeFi optimization can be rendered easy for end users by simply dragging and falling tools developed by Furucombo.Through constructing blocks, it visualizes complicated DeFi protocols.

    Is Furucombo open-sourced?

    You can find our proxy contract is verified on Etherscan, where you can see the contract source code.The rest of Furucombo is not open-sourced yet.

    Do you charge any fees?

    No, currently we do not charge any fee.

    What is Furucombo?

    Furucombo is a tool built for end-users to optimize their DeFi strategy simply by drag and drop mechanism.Just like building your own DeFi legos, but users don’t need to know how to code.Furucombo visualizes complex DeFi protocols into cubes.

    What is Furucombo?

    Furucombo is a tool built for end-users to optimize their DeFi strategy simply by drag and drop.It visualizes complex DeFi protocols into cubes.Users setup inputs/outputs and the order of the cubes (a “combo”), then Furucombo bundles all the cubes into one transaction and sends out.

    What is the risk of using Furucombo?

    On Furucombo, we use a proxy contract and handler contracts to execute your transactions across different DeFi protocols.Once the transaction is executed successfully, the proxy contract sends all the funds back to your wallet.That being said, Furucombo does not hold any funds.

    Want Daily COMBO Price Updates?

    This site is protected by reCAPTCHA and the Google  Privacy Policy and  Terms of Service apply.

    What is Furucombo?

    Furucombo is a tool built for end-users to optimize their DeFi strategy simply by drag and drop.It visualizes complex DeFi protocols into cubes.Users setup inputs/outputs and the order of the cubes, then Furucombo bundles all the cubes into one transaction and sends out.We call this building-blocks setup a “combo”.If you don’t know what to do, you can find inspirations from pre-built combos at Explore page.

    Will Furucombo price drop / fall?

    Yes.The price of Furucombo may drop from
    1.806 USD to
    0.211 USD.The
    change will be
    -88.320%.

    What is the value of Furucombo?

    One Furucombo (COMBO) is currently worth $1.82 on major cryptocurrency exchanges.You can also exchange one Furucombo for 0.00003287 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Furucombo in U.S.dollars is $8.26 million.

    Where can I get Furucombo wallet?

    Furucombo produces its own wallet software that is available for download on its website, which allows you to store Furucombo on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    What Is Furucombo?

    Furucombo is a product that enables users to take advantage of the intricacies of DeFi without coding skills.Broadly, it’s a toolkit that DeFi users can leverage to build DIY financial products.

    Will Furucombo crash?

    According to our analysis, this can happen.

    Will Furucombo hit 10 USD in a year?

    Not within a year.See above.

    Will Furucombo price grow / rise / go up?

    No.See above.

    Will Furucombo replace / surpass / overtake
    Bitcoin?

    According to our predictions, this won’t happen in near future.

    History of Furucombo