Songbird Network – the Canary in the Coal Mine
Flare Network has chosen to launch what is referred to as a Canary Network to create a fully operational blockchain modeled after Flare for innovation and testing. This will be referred to as the Songbird Network. One could liken the Songbird Network to farm systems used in Major League Baseball for players and other personnel to prove themselves before moving up to the “big leagues”. In relation to Flare, this means that new governance changes, protocol updates, dApps, and more can be built, tested, and innovated on in a live blockchain environment before ultimately launching on the Flare Network. The native asset of the Songbird Network will be the Songbird (SGB) token. All XRP holders with a valid claim on the future Spark (FLR) airdrop will be eligible to receive the Songbird airdrop at a ratio of 0.1511 SGB for every eligible XRP held on 12/12/2020. Those who claimed via self-custody wallets will have SGB airdropped to the ETH address used in the message key field of their XRP address. All participants who utilized participating exchanges to claim their FLR will need to reach out to their respective exchanges to find out how to receive the SGB tokens. It is important to note that all the assets on Songbird will have real life value.
The total supply of SGB will be 15b tokens with the inflation rate set at 10% per annum. Songbird Network will feature all the core Flare protocols like the Flare Time Series Oracle (FTSO), F-Asset System, and State Connector System. Additionally, signal providers and dApps will be participating in this Canary Network as well. The Songbird token will be utilized on the Songbird Network in the same way that Spark (FLR) is on the Flare Network. For all intents and purposes, Songbird Network will be very similar to the Flare Network. However, as it will act as the innovation hub for Flare, this will result in many new applications launching on top of Songbird before making their way over to Flare. This could result in unique opportunities for risk takers looking to take part in a network built to invite chaos into the fold.
The easiest live comparison for the Songbird Network would be what Kusama Network is to the Polkadot Network. Kusama launched approximately eight months before the highly successful launch of Polkadot; however, over time, Kusama has taken on a life of its own. All major applications must run through Kusama before making their way over to Polkadot. In fact, Kusama currently has parachains before Polkadot, which will bring the coveted functionality of smart contracts to the Polkadot Network. Additionally, the interplay between the native Kusama (KSM) token and the Polkadot Network is much more well-defined via a mechanism called parachain auctions than SGB and the Flare Network.
The Flare development team makes no promises to maintain the liveness of the Songbird Network as this will fall on the Flare Foundation and governance of the two networks. Additionally, they state that chaos on Songbird should be expected and it is intended to be much riskier than the flagship protocol, Flare Network. Chaos generally brings opportunity, but users should be weary that this also brings additional risks as Songbird represents an opportunity for parties to try and break the protocol before all testing and auditing is finalized. Over time, it is possible that Songbird Network fades away from memory or it could evolve into its own independent blockchain.
Experimental Finance (ExFi)