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@FlareNetworks is pioneering #UnifiedDecentralisation. They’re not the first to speak against the pitfalls of #maximalism and #tribalism. But they are one of the first to BUILD against it. Bringing communities together through shared #Utility. $XRP $LTC $XLM $DOGE
Flare will be integrating $XLM as an F-Asset, bringing XLM to scalable smart contracts and a trustless gateway to #Stellar. Decentralisation is far too important for maximalism. Ecosystems must be united. @stellarorg #UnlockingValue
@XDFiProtocol contest 2 is now live on @FlareNetworks
Check it out below 👇
🚀 Contest 2 is live!
Join our beta platform, compete on the weekly leaderboard, and win your share of this weeks $350 in $FLR prizes! 💰
Make at least 10 trades to qualify. Boost your returns and grab those rewards! 📈
app-testnet.xdfi.io/
🚨 New proposal SIP.03: Upgrade #Songbird to mirror Flare
This simplifies the developer experience for live network testing:
> Anyone can stake & validate to increase decentralization.
> Shared codebase to make future upgrades easier.
Wrap $SGB before Saturday to vote ⤵️
flare.network/sip-03-songbir…
Hey @BifrostWallet if you stranger $WSGB instead of $SGB, will the ‘withdraw’ option in the block explorer allow you to cancel the transaction?
@TowoLabs
@Thana_Enosys Thanks mate, I figured as much. I asked them to get the main account to follow me to prove involvement with Enosys. They didn’t, so I’ve ignored them.
So no real lending options just yet on SGB?
If you are looking for an L1 with momentum, which is in the process of launching their key protocols, you’d be hard pressed to find a better ecosystem than @FlareNetworks
Read the below summary of recent developments… and there’s more to come
$FLR $SGB $XRP $BTC $DOGE
It’s been a busy couple of months. Here’s a recap of recent developments in the Flare ecosystem.
1 Kinetic lending platform from Rome Blockchain Labs linktr.ee/kinetic.market
2 Rain Lang. Innovate “intents” like Dex: rainlang.xyz/
3 Launch of first native stablecoin, USDX, by Hex trust. coindesk.com/business/2024/0…
4 Launch of first Real World Assets protocol by Clearpool. Onchain treasuries. 11M TVL within 5 days. nitter.gq/clearpoolfin/status/17…
5 Launch of first liquid staking protocol on Flare, Sceptre. flare.sceptre.fi/
6 Ongoing upgrade of Flare’s price Oracle to FTSO v2. Enabling 1000 price series with 1 block updates. flare.network/more-data-deli…
7 Launch of Flare Labs FAsset protocol in open Beta on Songbird Testnet, Coston. flare.network/the-fassets-op…
And many governance votes along the way!
FAssets Open Beta is here ☀️
Phase 1 starts now: technical users get early access and help shape the #FAssets system.
Phase 2 launches soon: everyone is invited to mint FTestXRP with the FAssets dashboard.
A retroactive airdrop is planned 📷
Details: flare.network/the-fassets-op…
DeFi Summer on Flare ☀️
Join our @X Space on 4 Jun at 9AM UTC to discuss:
• $USDX (Flare's 1st stablecoin) & @ClearpoolFin T-Pool
• How they power FAssets & DeFi growth
with @jkronbichler, @etothezed & @HugoPhilion.
Hosted by @CommunityFlare 🫡
nitter.gq/i/spaces/1ynJOyBzVLWKR
It is time
$FLR
@sentosumosaba is a smart lady
Be like Eri 👇put your value to work on @FlareNetworks
$FLR $SGB $XRP $DOGE $BTC
By minting these non-smart contract tokens into #FAssets, it catapults BTC, XRP & DOGE into DeFi Utility. They work to earn yield/rewards in decentralized applications on the @FlareNetworks.
👉Real value to the blockchain ecosystem.
Sign up for the newsletter to get info on @FlareNetworks
Are you on the list?
Curated top news on #Flare delivered straight to your inbox 📮
Be a ☀️ in the know: flare.network/sign-up/
Read it 👇 $FLR
"What has caught our eye is dark horse oracle protocol Flare, which combines functionality comparable to Chainlink and Pyth with aspects of an entirely sovereign L1."
@CryptoHayes' fund Maelstrom discusses @FlareNetworks:
maelstromfund.substack.com/p…
351
Follow Davis $FLR 👇
MUST READ: STAKING
Key Components of Staking your $FLR
Things to keep in mind:
- Your staked tokens are eligible for FlareDrops, but can not simultaneously earn FTSO delegation rewards.
- You need to keep a small amount of FLR on both the C- and P-Chains for fees.
- When your staking period ends, it is automatically terminated, requiring manual restaking for continued participation (no auto claim for staking as there is for delegating)
- Your FLR must be unwrapped to be transferred to the P-Chain. (Don't transfer $WFLR ... you will not be happy)
There are Limits:
1. Delegation Factor
Limits the total amount that can be staked to a validator to its self-bond, which is the amount validators stake to their own nodes, times the delegation factor, which is 15. For example, if a validator has a self-bond stake of 1M $FLR, the total sum of all stakes, including delegations, cannot exceed 15M $FLR. This limit allows for 14M $FLR of delegations.
2. Maximum Number of Validators
You can stake to any number of validators, but rewards, FlareDrops, and governance vote power only apply for up to 3 different validators.
3. Staking Cap
Limits the reward performance of individual validators to 5% of the total staked amount. If you stake your funds on a validator with more than 5% of the total staked amount, you receive less $FLR in reward. To maximize your reward, delegate your staking funds to a validator with less than 5% of the total staked amount of $FLR.
docs.flare.network/user/stak…
Yep
Well-designed incentives can spark public interest & drive long-term value ✨
$FLR prioritizes the community with 58.3% allocated to #FlareDrops & ecosystem growth.
In addition to voting & network fees, use $FLR for FTSO delegation, staking & collateral in Flare dapps for extra rewards.
Learn more about $FLR tokenomics: docs.flare.network/tech/toke…
