Supporter of Flare network since 22’ and occasionally a critic with intent to facilitate the betterment of the ecosystem. Check my highlights since you’re here
Big news announced by
@FlareNetworks
for both Songbird and Flare ecosystems with the new upgrades to the FTSO. The significance of the FIP.06 and STP.06 governance proposals cannot be overstated. The beauty of each of your $FLR and $SGB token is that it comes with voting power.
Flare's potential is immense, and it's becoming increasingly apparent to the market. With a track record of forming significant partnerships throughout 2023 and continuing into 2024, including notable collaborations with
@googlecloud
and
@XDFiProtocol
, we're positioned on the
Flare's earliest investors have reinvested in the long term future of the network in a groundbreaking new agreement.
In addition to extending token vesting and capping sales, they will reinvest 50% of any token sales back into Flare ecosystem projects.
Congratulations to
@FlareNetworks
and its citizens (us) for reaching market cap >1 Billion. What a milestone 👏🏼☀️
Flare is a different kind of beast and its full potential is yet to be unveiled.
🧵Describing
@FlareNetworks
in simple terms ⤵️
Flare acts like a colossal sponge 🧽absorbing data from various blockchains and Web 2 sources.
It will become the primary hub for decentralised data, addressing challenges that currently limit the industry's widespread adoption.
A little tb time — repping
#Flare
even during the bear because of the conviction I had. We started as a small, close-knit community, but we're growing larger than ever before. I'm thrilled to have been part of this journey from the very beginning and can't wait to see the
GM Flare community ☀️ Here is your reminder that $FLR is a marathon, not a sprint, and the rewards you gain are a direct result of your efforts. At its core everything remains the same.
#Flare
has demonstrated their ability to deliver and plans to ship everything in 2024 - FTSO
🗞️ Reading on Flare news and decided to write a summary of some recent partnerships with
@FlareNetworks
that have caught my attention:
(In no particular order)👇
Binance the world’s biggest crypto exchange listing $FLR would accelerate the growth of the ecosystem immensely. As network participants, we must all do our part and vote for
#Flare
🗳️☀️
USDX will play huge role in Flare's
#FAsset
system and I’m here for it ☀️
Users can stake USDX for cUSDX, which can be used as collateral in FAssets.
This can be done w/
@ClearpoolFin
T-Pool to earn yield, no lock up period.
Welcome to the first 1:1 Flare native stablecoin👏🏼
USDX will be the first native 1:1 backed USD stablecoin on
@FlareNetworks
, powered by the leading institutional digital asset custodian
@Hex_Trust
.
USDX launches with a dedicated
@ClearpoolFin
vault, enabling holders to earn real-world yield.
Two months ago, on
@FlareNetworks
, we had approximately 550 delegators with a total delegated stake of 1.3B. Today, we now have close to 3200 delegators and a total delegated stake of 3.75B
Some healthy numbers for our network! ☀️
Thanks for the data
@flare_builders
.
As I review the technical documentation of
#FAssets
on
@FlareNetworks
/
@Flare_Labs
, I will share what I think could be a plausible FAQ series that might help everyone better understand the concepts.
Q1: How do I redeem my FAsset for the underlying asset, and what does the
Additional Thoughts on Kinetic + FTSO: Short Recap of Recent Ecosystem Call Highlights.
Flare's ecosystem receives a seal of approval with the backing of
@romeblockchain
, supporting the infrastructure and design of
@Kinetic_Markets
. As Mickey shared,
@BenqiFinance
(one of RBL's
📣🤔Why
@FlareNetworks
announcement of tailored DeFi Money Market for
#Flare
native assets &
#FAssets
is significant?
#FAsset
decentralized trustless cross chain collateral system will have a tailored built for
#Flare
Lending and Borrowing market alongside it on
#Flarenetwork
"There are few entities that offer access to such a volume of data as
@googlecloud
, making it a banner partnership for Flare and a reminder of the blockchain adoption ongoing at tech giants like Google."
This is official as this can get - congratulations
@FlareNetworks
👏
I've been studying
#Flare
since '22, pre TDE. I believe I have a comprehensive understanding of its intricacies, allowing me to view the network holistically and maintain a neutral perspective. If you’ve been around, you know I like writing. If you're new, feel free to read👇
🧵Describing
@FlareNetworks
in simple terms ⤵️
Flare acts like a colossal sponge 🧽absorbing data from various blockchains and Web 2 sources.
It will become the primary hub for decentralised data, addressing challenges that currently limit the industry's widespread adoption.
Clearpools T-pool for new stablecoin $USDX claims to offer APR of 4% in USDX but also an extra 4% in $FLR rewards.
Does anyone know where the $FLR rewards will come from?
Transparency is important here. These questions shouldn’t be overlooked.
The fact that 2024 started with a major institutional player,
@googlecloud
, joining
@FlareNetworks
as an Infrastructure Provider marks a significant milestone, setting the tone for the year to come.
As highlighted by
@CommunityFlare
, the distinction lies in Google Cloud hosting
@AceThaGreatest
Their participation is a massive vote of confidence.
The haters who called Flare a scam before have nothing to say now as we continue to evolve. 🤣
GM GM GM can I get a LFG?! ☀️☀️.
It’s time to put your non-smart contract tokens to use by minting on
#FAssets
!
Will be sharing more educational content in the coming days, stay tuned!
$FLR $SGB $XRP $DOGE $BTC
@FlareNetworks
@Flare_Labs
Flare is about connecting everything and, in essence, everyone. This community is the best because we all support each other. Y'all are creative. Thanks for including me here Anubis :)
Love the
#FlareCommunity
and my Flare fam ☀️
GM☀️
It's that time again, FAQ series
#FAssets
. Drop me a comment below if you want to know anything specific. For now, lets talk about collateral.
Q3: What are the different types of collateral in the FAsset system, how do they differ, and what roles do they serve?
Hey Flare fam! It's been a while—I hope everyone's doing well. Glad to have you tuning into my thoughts 💭👇
🧵The effort to become the Blockchain for Data: The data pipeline starts with the $FLR holder.
@FlareNetworks
is designed to enhance blockchain capabilities through
This blog captures my personal journey with
@FlareNetworks
. After dedicating over a year to continuous learning, it's truly fulfilling to now contribute and bring value to the community. ICYMI, sneak peak ⬇️ :)
P.S. MAJOR
#FAssets
blog coming soon, follow and don't miss out 🤫
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.
Claim FlareDrop.12 now ✨
New to
#FlareDrops
?
✓ Hold $WFLR = qualified
✓ 3x random snapshots taken in past 23 days
✓ 24 FlareDrops left
FlareDrops is a way we reward the active Flare community.
Don't miss out on the next drop & start wrapping: 🎈
🚨‼️ The beast finally awakens with ground breaking news‼️ 🚨
Thank you
@Flare_Labs
team, the world of blockchain is genuinely excited for what’s to come with
#FAssets
.
Today we have kicked off a private Beta for
#FAssets
on the Coston testnet.
This is a big step towards being able to mint BTC, XRP & DOGE into FAssets on
@FlareNetworks
, where they can earn yield in DeFi and be bridged to other chains.
Learn more:
To fully appreciate the Flare network at its core, we must first understand the nitty-gritty of its Layer 1.
🧵Part
#1
: Intro to the State Connector. What is it? And why are its features so important to Flare?
☀️☀️
Follow along 👇
Hello Flare fam ☀️
Welcome back to my FAQ series on
#FAssets
. We were discussing collateral earlier, but there is more to unpack. Collateral Providers and CPTs, lets talk about it.
Q4: Who are Collateral Providers, and what role do CPTs serve in the FAsset system?
GM☀️
It's that time again, FAQ series
#FAssets
. Drop me a comment below if you want to know anything specific. For now, lets talk about collateral.
Q3: What are the different types of collateral in the FAsset system, how do they differ, and what roles do they serve?
🧵 Why building on Flare is a no-brainer 🧠🤔
The value proposition of
@FlareNetworks
is centered on decentralised quality data and seamless movement of information. Hence, it would be appealing to any developer looking to build.
Read on 👇
Currently learning: State Connector, RCR/Branching protocols, and default/local attestation providers.
Will share with a thread once I’ve wrapped my head around it.
Slowly coming to understand the complexities and beauty of the
@FlareNetworks
, just wow.
Cloudfunding on Flare: A Genuine Innovation or Just Hype?
Recently, I found myself pondering Flare's Northstar and its ambitious goal to become the blockchain hub for data, aiming to empower dApp developers with the resources they need to create more meaningful and useful
🚨 OVERVIEW/Breakdown: New Staking model on Flare 🥩
Flare is undergoing a transition, slowly exiting beta and adopting a staking model where the network validators also take on the responsibility of supplying data to the network.
Consider why credible Wall Street veterans are developing a futures protocol on the Flare Network; their actions suggest a strong conviction in its potential. The principle of decentralization and the ongoing FTSO upgrades are key factors imo.
“Sindric Solutions, with over 25
Introducing XDFi —
• World's 1st compliant decentralized futures protocol
• KYC tokenization means no centralized entity involved
• Flare Time Series Oracle driven futures market
Get to know
@XDFiProtocol
's launch plan ⤵️
Has anyone else noticed that many validators have significantly reduced their fees from 20%? It's clear that competition is heating up.
As the Flare network continues to attract more participants, many ask: who should I stake or delegate my $FLR to?
Ultimately, data providers
"Flare joins over 80 leading Web3 projects that rely on Hypernative’s real-time enterprise-grade platform that monitors over $37 billion worth of digital assets across 25 chains".
There can never be too many safety measures in Web3. It's awesome to see
@FlareNetworks
ramping up
Flare joins forces with Web3 security leader
@HypernativeLabs
to safeguard its ecosystem.
$14B prevented losses & $37B assets are already secured by Hypernative.
This team-up underscores Flare's commitment to top-tier security for institutions, builders & users.
Bifrost has always been my go-to and they have answered my prayers by integrating staking on their app. Tried it and I can say that it was a quick and seamless process. It’s no surprise that there has been a surge in user participation. Good bye to ledger staking 😁
Ty
Flare Networks is still young, but it presents many opportunities for those who take initiative. Currently, there are numerous opportunities for development. It's crucial to combine our efforts as community to stabilise the L1 before the L2's have the potential for robustness.
Wow! Over a year ago I heard about the
@FlareNetworks
and resonated with their vision "Connect Everything". Only recently I have made a commitment to myself to deep dive into the FLR community & find my own voice. This is an absolute honour and a milestone, thank you.
#fangirling
A few people have assumed I work for Flare. I can tell you, that is not the case. Just a community person and investor. It’s exhilarating to have freedom of speech and my own opinions.
🥩 BREAKDOWN - Staking Phase 2 News 🗞️
If you haven't heard already... Flare transitions to proof of stake, with 92.02% of votes for FIP.05, bringing some significant improvements.
Key player roles and other takeaways listed below 👇
Two weeks ago, Thana (Flare OG) shared what appears to be now, a conservative prediction of a 1B MC in Q3 with FAssets. While I still believe we still have a lot to unpack in 2024, it’s evident that the market is finally taking notice of Flare with trading volume up x10 over the
@Thana_Enosys
@enosys_global
I thought about the concept of the shipment of all protocols on Flare. These are my thoughts (hope it makes sense).
Flare stresses the importance in their testing, adopting a slower but secure and safe approach. Therefore, it was surprising when they mentioned prioritizing the
DeFi on
@FlareNetworks
is going to be spicy 🥵 🌶️
But who remembers
@HugoPhilion
mentioning that he envisions Flare far more useful than just DeFi?
Can you imagine the other utilities Flare will bring to the crypto space in the future?
Yeah, we haven’t seen anything yet ☀️
The entire
@FlareNetworks
is collaborating to light up this summer...
@XDFiProtocol
, a non-custodial futures market, is launching its beta on June 25th.
@Kinetic_Markets
- first lending protocol on Flare - Just conducted a testnet event.
@Rainprotocol
, a unique intents-based
Currently reviewing Flare's 2024 roadmap, be sure to follow me as I intend to share it shortly.
After revisiting the December 2023 call, it's clear that Flare's communication style has undergone a notable change. Each ecosystem call since has been 🔥 with John from
As an XRP holder - hell yeah! Flare's decentralized and secure infrastructure not only provides interoperability but also empowers
#FAssets
to extend utility to non-smart contract tokens, unlocking untapped value across numerous blockchains.
@bgarlinghouse
: "Flare is combining the best of XRP (VERY fast settlement), Ethereum (smart contracts) and Avalanche (consensus) which helps extend XRP’s utility and allows developers to create smart contracts for new use cases like lending and De-Fi"
#Cryptotownhall
w/
@tomemmer
The upgraded State Connector is LIVE on
#Songbird
☀️
> FAssets: New attestation types added to enable the smooth integration of FAssets on Songbird.
> EVM data: Verify transactions across EVM chains, unlocking new possibilities for devs.
☀️F L A R E☀️
Claimable after 14 days, who else is excited to receive their first Staking Rewards? 🥩
Oh and not to mention the upcoming FlareDrop on the 12th of November 🪂
P.S. If you haven’t already, visit to ensure your validator is not overstaked
Quick look into a minters POV
#FAssets
🧐
To my knowledge, Flare's cross-chain incentive pool (CCI pool) holds ~20B $FLR to encourage liquidity from various blockchains. When supported assets are bridged to Flare through FAssets (/Layercake), you become eligible for these rewards.
Gm Flare fam ☀️
Markets looking chirpy today. Hope none of y’all sold your bags on discount during the pull backs. It’s about to get interesting. 😁
Lets goooo $FLR
This list shows all FTSO data providers that are already supporting the upgraded FTSO and therefore have the maximum amount of rewards available to them and their delegators. We will update the list as new data providers add their support.
For more
Staking ✅
Thoughts/feedback:
•Instant settlement, was very impressed. 👍
•Staked to multiple validators with ease.
•It would be great if
@FlareNetworks
considered integrating
@BifrostWallet
for staking instead of Ledger; it could simplify the process significantly.
“Recognized as a WEF Technology Pioneer and backed by investors including J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, Elliptic has assessed risk on transactions worth several trillion dollars”
Announcing our partnership with
@elliptic
, a global leader in cryptoasset risk management.
We're integrating their tools into
@FlareNetworks
, enabling developers to detect high-risk crypto transactions & wallets to uncover links to illicit actors.
Incoming mini 🧵
Insights from
@HugoPhilion
in a conversation with Defiant shed light on Flare's strategic evolution. Initially centered on DeFi, Hugo shared that Flare's potential extends beyond DeFi, aiming for broader adoption and transcending its initial confines.
The Power of Compounding and Earning Simultaneously on
@FlareNetworks
I realised the algorithm on X penalises you for posting links that redirects their users away i.e. SubS, but is more forgiving with YT links 🤷♀️ So here it is linked 👇
Happy Xmas🎄
There are two types of collateral in the FAsset system: vault collateral and pool collateral. I'll break it down for everyone using an analogy and bullet points for clarity.
Vault Collateral:
Just like in a bank, when you deposit your valuable items into a safety deposit box,
Working on F-Assets part
#2
thread...
I'm already anticipating that once developed, everyone is going to want a piece of the Flare cake. 🍰 ☀️
Reminding everyone that this is the best time to learn, build, and accumulate.
The future is bright 😎
Anyone else observed the relative silence from
@Flare_Labs
after they revealed the GitHub repo for FAssets? Like calm before the storm. I have a feeling it might be coming to Coston/Canary soon, but I don't expect it to launch on mainnet until they announce the State Connector ☀️
I just bumped into
@HugoPhilion
, co- founder and CEO of
@FlareNetworks
.
I asked him-
“What are you looking forwards to for the future of flare?”
And he answered-
“We are shipping all our protocols in the next 12 months so it’s pretty hard to choose.
The upcoming beta
Numbers don’t lie 😉
What a year it's been for
#Flare
, with so much growth achieved and so much more yet to come. Excited for what's to come in the new year. 🎆
🧵"Wen F-Asset" and re-cap of Flare's fundamentals:
I see many people onboarding to Flare, so hello and welcome ☀️ the more the merrier 👏🏻
For those who don’t know what
@FlareNetworks
entails, I'm putting my hand up to share my understanding on the basics of the ecosystem. 🙋🏻♀️
It’s been great stepping away from X to cleanse from all the head noise. My mind feels refreshed, hope the
#FlareCommunity
is doing well. Let’s connect again ☀️🤍
Flare's L1 infrastructure is built on a decentralized governance framework. Initially, the foundation holds considerable influence, but as the network evolves, this influence will be distributed among network participants. Each $FLR= 1 vote power, giving you a voice in steering
2024 promises exciting developments on
#Flare
and
#Songbird
, but bringing the roadmap to life requires a strong governance model.
This 🧵 dives into key questions like:
▸ Who can propose changes?
▸ Who can vote and how?
GM $FLR and $SGB bird community ☀️🕊️If you own these tokens, now is the time to cast vote and influence the networks direction 🗳️
The FIP.06/STP.06 proposals intend to scale up the FTSO to V2 with up to 1000 data series updates and more. Meanwhile, the SIP.02 aims to enhance
🔈Final take on the State Connector series! ☀️
🧵Part
#3
: The Branching protocol and it’s safety mechanics
Understanding a network beyond following hype is what a smart investor would do.
So I invite you as a smart investor to read this👇
What if I told you that the external data in the blockchain is:
🔴 Centralized
🔴 Slow
🔴 Expensive, and
🔴 Not censorship-resistant
What if we had a blockchain specifically designed for data that can connect everything?
Let's dive into
@FlareNetworks
🧵
Welcome to those entering
@FlareNetworks
. 🙋🏻♀️
We have a tight knit and super supportive community here. Read or bookmark this to help you understand the ecosystem.
🧵Describing
@FlareNetworks
in simple terms ⤵️
Flare acts like a colossal sponge 🧽absorbing data from various blockchains and Web 2 sources.
It will become the primary hub for decentralised data, addressing challenges that currently limit the industry's widespread adoption.
5/ After Coston,
#FAssets
will roll out on
#Songbird
canary network before the mainnet launch.
Once live on
#Flare
mainnet, users and dapps can earn DeFi yields & FLR from the cross-chain incentive pool for bringing sustainable value. ✨
Learn more:
To the people who have been around for cycles and are getting upset over a healthy correction. This is a result of a lack of research and understanding. Being ahead of the curve isn't always smooth sailing; it means having conviction before the market catches on to the potential.
GM Flare fam, it's been awhile ☀️ Nice to see a governance proposal in progress.
The upgrades in FTSO (V2) are crucial and imminent for the scalability and expansion of
@FlareNetworks
. Those who have been closely monitoring Flare are aware of the coordinated efforts to roll out
New Flare vote coming soon🚨
Get voting in 4 easy steps:
1️⃣ Wrap/stake $FLR (FIP) & $SGB (STP/SIP) for voting power before proposal
2️⃣ Connect wallet & navigate to "Voting" on Flare portal
3️⃣ Vote= wrapped+staked $FLR or WSGB
4️⃣ Vote YES/NO & sign tx
Make your voice heard✊
💭
Objectively speaking as we enter Q2, the only major updates I've heard from
@FlareNetworks
are regarding their CL white paper, governance proposals passing, and
@Flare_Labs
will commence public testing on Coston in a month's time.
I'm not implying that the team won't be able
👀 Did someone say liquid staking?
Kinetic’s testnet is now live so be sure to participate. Any troubleshooting or issues can be forwarded to their telegram chat.
DeFi summer on the horizon @ Flare☀️
$FLR 🔥
Kinetic's Testnet is now LIVE on $FLR's Coston2 at:
🥳
🤔Not sure what to do? Don't worry!😃
We've crafted a detailed tutorial video that explains everything you need to know to start testing out Kinetic! The First Lending Protocol on the
@FlareNetworks
!👇
Triple whammy - 3 governance proposals on
#Flare
and
#Songbird
...
My first impression of STP.06, "enabling a single rewards transaction instead of needing to claim staking and delegation separately" -- does this mean staking is coming to Songbird? And does it suggest you can
3 governance proposals ready to review🚨
STP.06 & FIP.06 ▸ Launch FTSO Scaling, enabling 1000 data feeds & introduce the Flare Systems Protocol.
SIP.02 ▸ Prepare the State Connector on
#Songbird
for
#FAssets
.
🔗
Highlights
#FAssets
☀️
•Minters can select their preferred agent
•New players: Liquidator, Challenger
•Phase 3&4 testing: a non-competitive/volatile setting to a no pre-set scenarios and increased volatility and bounties up for grabs 👀
•Initially supporting $BTC, $DOGE, $XRP
#FAssets
Beta is now live on Flare’s Coston testnet – a milestone for $800B of crypto assets.
The system will allow tokens like BTC, XRP & DOGE to be used trustlessly with smart contracts on
#Flare
- earning yield in DeFi dapps and bridging to other chains.
Being real, not everyone can keep up with all the updates in a new ecosystem. That's why
@flaremetrics
excels at providing weekly summaries of what's happening on
@FlareNetworks
. Hope you all find it informative! 📰☀️🔥
This caught my attention...
Another yielding mechanism on the
#FAssets
is the Agent's Community Collateral Pool.
@FlareNetworks
has confirmed they will be releasing more information on this soon, can't wait to hear more 🤫
☀️
@Flare_Labs
' FAsset minting process will be managed via a user-friendly interface.
In this post, I expand on the user workflow for minting FAssets.
1. The minter selects an agent and pays a fee to reserve the collateral (CRF).
The collateral reservation fee is a small fee
GM Flare fam☀️🗞️☕️
With the inception of Phase 2 Staking,
@HugoPhilion
shared that essentially the Foundation has passed the baton to Infrastructure Providers as they provision the network, thereby advancing network decentralisation.
Read more about the ecosystem here 👇
Coming soon: Participate in the
#FAssets
system
Anyone can participate in the FAssets system by providing $FLR tokens to an agent’s collateral pool.
By becoming a collateral provider, you'll receive a share of every fee produced by FAssets minted using that pool.
Always seen Flare through the lens of a long-term investor. I truly believe that when it does what it’s built to do, the breakout will be explosive. Just a time game folks⏳🧨
⚠️ A friendly YET cautious reminder to all Flare Stakers: 🥩
Many IPs are simultaneously making announcements in an attempt to persuade you to stake with them.
Were you aware that staking with an unreliable provider could potentially result in loss of your $FLR?
Interested to know what age category the
#Flare
/
#Songbird
community fall into.
🔬🧪Let’s do a fun experiment to get to know each other better; if there’s more than 250 votes I’ll reveal which category I’m in. 😁
Currently: re-learning the highly anticipated F-Asset system. I want to ensure my knowledge is up to speed for its eventual launch 👏🏻
Although there is no new info available at present, I feel that the intricacy of its design warrants an in-depth thread.
Stay tuned 🫣🤫
GM Flare fam ☀️ I have your morning paper 🗞️
Keep updated on
@FlareNetworks
with news from the go to site
@flaremetrics
, covering a diverse range of topics such as recent partnerships, spaces, FTSO MG, ecosystem developments and more.
P.s. Grateful for this opportunity ✍️
Oct 8th: Flare's drive to expand and forge impactful partnerships is in full swing! ☀️
📖 Dive into the latest update from the community's top writer,
@tina_connects
! 👇
A compilation of my threads (thus far) on
@FlareNetworks
and its two core protocols have been linked below to make it easier for everyone to access.
Flare:
FTSO:
🧵 Role of FTSO data providers and how your vote power (VP) delegations can impact the network.
As I have previously stated, the FTSO is a critical protocol of
@FlareNetworks
. Let’s zoom in on the FTSO data providers and how they serve as the backbone of the ecosystem. 🔬🧐