Flare Network

F-Assets

F-Asset System

Flare Finance

Flare Finance

New to DeFi

Flare Network Ecosystem Glossary

FTSO Blockchain Oracle

Flare Time Series Oracle

Songbird Network

Songbird Network

Flare Network

Spark (FLR)

State Connector System Logo

State Connector System

Trustline Credit Network

Trustline

Flare Network Overview

Flare Network is the world’s first turing complete, Federated Byzantine Agreement (FBA) blockchain. Flare brings the power of smart contracts to non-turing complete blockchain networks that currently lack this functionality (i.e. XRP Ledger) in a scalable, efficient, and cost-effective manner. The native digital asset of Flare is called Spark (FLR) and is not used to ensure the safety of the network allowing it to be used in applications throughout the network. FLR has multiple use cases including acting as collateral to back the minting of F-Assets, payment for gas fees, and contributing to the decentralization of the on-chain oracle via smart contract wrappers.

The ability to have FLR wrapped in a smart contract with detachable voting powers provides FLR holders to participate in the Flare Time Series Oracle (FTSO), which also functions as the inflation mechanism for the Flare Network. This provides FLR holders with risk free yield as the vote delegation process is non-custodial as the FTSO rewards FLR holders providing accurate price feeds. Additionally, the FTSO will be responsible for aggregating off-chain data onto the Flare Network in a decentralized way via signal providers. Decentralized applications on Flare can tap into the FTSO with the caveat that a governance vote is passed to allow this. All F-Assets come with this detachable vote as well, which can be used in the FTSO to ensure the accurate pricing of assets being represented on-chain; however, the FTSO only rewards votes from FLR.

The F-Asset System is the trustless, interchain decentralized exchange (DEX) that allows value from other networks to be represented on the Flare Network. This system is composed of agents and originators. Agents provide the FLR collateral for the backing of these assets represented on-chain and honor redemptions of originators back to their underlying asset. Originators provide the assets to be minted onto the Flare Network in the form of F-Assets. Currently only XRP, Litecoin, Dogecoin, and Stellar can be minted as F-Assets on the Flare Network; however, more are expected to be added via Flare governance in the future.

Flare Network’s mechanism design rewards participants for conducting beneficial actions to the network like participating in the FTSO process by delegating detachable votes to accurate signal providers and bringing value over through the minting of F-Assets. Both of these beneficial actions result in the participant receiving daily rewards in FLR for their contributions. This also provides the network with a way to incentivize early adopters to bootstrap the network with decentralization and liquidity. The rewards are largely participation based, so as the number of participants on Flare grows the amount of FLR rewards will decrease.

Flare Network is a blockchain ecosystem built for other blockchain communities to foster participation from a grass-roots level. FLR holders will control the governance of the network allowing for a liquid democracy to approve proposals like future f-asset integrations, inflation rates, creation fees, and collateral ratios. Flare being a first of its kind blockchain allows it to capitalize on the exponentially growing marketplace of DeFi and asset tokenization.

Flare + Songbird Networks

Flare Network Playlist

Flare Network Website

Flare Network Alt

Flare Network Blog

XRP Airdrop Tree

XRP Airdrop Tree

***Last updates as of 8.20.2021***XRP Airdrops - Flare Network Eligible XRP holders will receive the Spark (FLR) airdrop from the Flare Network. Additionally, with the announcement of the Songbird Network, these same eligible XRP holders will be airdropped the...

Flare Network Wallet Updates

Flare Network Wallet Updates

*** Disclaimer: This article is not financial advice. Anyone taking action on the below information is responsible for their own personal situation. This is just meant to be an aggregation of information to help individuals make the best decision for themselves in...

Digital ID + Crypto Wallets

Digital ID + Crypto Wallets

Welcome to the Mickey B Fresh voice note series! In this entry, Mickey touches on digital identity and multicurrency wallets plus how these components will fit in with Ripple, XRPL, and Flare. The voice notes come fresh out of Mickey’s own telegram group full of dedicated researchers and long time crypto community members.

***Some of the content is based off of speculation. All thoughts and information as of 2/11/21.

Flare Finance Beta Testing

Flare Finance Beta Testing

The Flare Finance Beta Test is a two week program where about 200 participants are trying to generate the greatest return on their holdings.  I'm a person with no experience in DeFi,  here's what I'm finding.  No guarantees that I'm getting this right - DYORThe...

Flare Finance Short Paper

Flare Finance Short Paper

Flare Finance is an anonymous team building on top of the Flare Network to bring decentralized finance (DeFi) products to Spark ($FLR) and XRP users. Flare Finance's expected launch date is April 2021 after the Flare Network goes live. The link in this post is to the...

Flare Finance Infographic

Flare Finance Infographic

Adam of Brave New World has put together an all encompassing infographic of the Flare Finance ecosystem. It covers the announced Flare Finance products that will be available via airdrop to Spark ($FLR) holders in Q1-Q2 2021. Digital assets include YieldFlare,...