<span style="color:rgb(52,53,65);font-family:Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">Florins (FLR) are tokens generated by the Florence Finance protocol upon loan funding. These tokens mirror the funded Euro amount. While they don't yield interest directly, they must be placed in a loan vault for potential earnings. FLR tokens can be traded on platforms like the Camelot DEX or redeemed for agEUR at a 1:1 ratio, given sufficient liquidity in the redemption module.<span style="color:rgb(52,53,65);font-family:Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">Florin are backed by EUR-denominated loans and the EUR reserves in the redemption module, establishing each FLR's value effectively at 1 EUR. In case of a loan default, the FLR to EUR rate does not change as the defaults are handled by taking FLR of the vaults out of circulation.

What are Florins (FLR) ?

<span style="background-color:rgb(247,247,248);color:rgb(55,65,81);font-family:Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">The Caple and Junior vaults are differentiated by their risk/reward profiles, catering to different investor appetites. The Caple Vault gives direct exposure to a selection of larger SME loans, all curated and managed by Caple. In contrast, the Junior Vault provides indirect exposure by channeling funds to junior loans connected with SME lenders like SwishFund. This vault has both an equity and interest cushion to safeguard against the heightened risk of these smaller, riskier SME loans.

What's the difference between the Caple and Junior vaults?

<span style="color:rgb(52,53,65);font-family:Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">To withdraw funds, FLR can be removed from a vault at any time. However, since the originally invested funds remain in real-world loans, direct redemption of FLR for EUR depends on the liquidity in the redemption module which is tied to the maturation and interest cycles of the loans. For added flexibility, FLR can be traded on secondary platforms such as the Camelot DEX, allowing for conversions to and from USDC based on the current liquidity of the platform.

How can I withdraw my funds, are there any limitations?

Vaults are 100% collateralized by real-world loan assets that are not correlated to crypto volatility. By supplying Florins (FLR) to our vaults, you immediately start earning interest. For as long as you like.



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Related Questions

What are Florins (FLR) ?

What's the difference between the Caple and Junior vaults?

How can I withdraw my funds, are there any limitations?