📢Flare Official Announcements

Flare is hosting a hackathon with Google Cloud on Verifiable AI using Trusted Execution Environments (TEEs).

It's at UC Berkeley with Blockchain at Berkeley, starting March 7.

Compete for $100K: $60K in-person, $40K virtual.

Apply now: https://hackathon.flare.network/

FlareDrops.24 is here 🪂

Reward rate: 2.485 FLR per 100 WFLR

Snapshots taken at 36,234,919 // 36,467,583 // 36,904,496.

Monthly rewards for WFLR holders and FLR stakers continue - with 12 more drops to go!

👉 Quick start guide 👈

FIP.12 approved - Flare Data Connector mainnet launch is coming!

FDC isn't just another oracle - it brings external events and blockchain states onto Flare with network-level security guarantees.

As attestation types expand, the potential use cases multiply exponentially ⤴️

From cross-chain bridging and restaking to lending platforms, prediction markets and RWA, FDC opens the doors of new markets for devs.

Join our deep dive on Wednesday: https://lu.ma/t1uja5s0

Another round of $37K worth of Songbird Test incentives is LIVE and ready to claim on Flare Portal’s “Emission” tab ✨

And the $10K rFLR in the redemption lottery results are out too — head to the minting sites now to discover if you’re a winner!

> http://fasset.oracle-daemon.com/sgb

> https://fassets.au.cc

Boost your chances by redeeming, especially when mint utilization is high!

E.g. At +95%, redeem 1 FXRP lot now = 20 tickets 🎟️

Redeem to win! Learn more about FAssets Songbird Test Incentives.

Support Flare Data Connector to be added to mainnet!

Vote on Jan 28 - Feb 3 ⤵️
https://proposals.flare.network/FIP/FIP_12.html

FDC brings verifiable external data to Flare, powering interoperability use cases like FAssets ☀️

Data providers, take time to review and get ready to participate.

How to vote on Flare 🗳

In a few days, some of you will receive the third batch of FAssets Songbird test rewards.

A new feature has been introduced: a lottery system to make supporting FAssets even more fun 🎟

Check how the lottery works in this post: https://x.com/FlareNetworks/status/1882495715953594397

Learn more by clicking 'How it works' on the minting platforms:

> http://fasset.oracle-daemon.com/sgb
> https://fassets.au.cc

To uphold data integrity, we're implementing an effective incentive structure, following the approval of proposals FIP.10 & SIP.04, to promote active participation from data providers in two weeks. ☀️

To assist delegators and stakers in making well-informed decisions, we've introduced tracking dashboards for both Flare and Songbird.

Check our new tool before delegating or staking:

✅ Look for at least 1 pass (max.3)

✅ "Eligible for Rewards" status

Learn the best practices for using this tool at: https://flare.network/data-integrity-fip-10-sip-04-implementation

SparkDexAI has just launched TRUMP/USD perpetual futures on Flare, powered by Flare Time Series Oracle!

Starting today, you can trade TRUMP perps with:

• No expiration date
• Short sell TRUMP to profit if price drops
• Leverage trade to control bigger positions with less capital

🔗 Trade TRUMP/USD on SparkDEX Eternal: https://sparkdex.ai/perps/trade

Read our perps guide to learn more about how perps work, as well as the associated risks: DeFi 101: What are perpetual contracts?

More resources:
• How to open a position: YouTube
• How to close a position: YouTube
• Join the SparkDEX Telegram for updates!

Flare Emissions Committee Quarterly Report 🔖

During the last quarter, the Flare Emissions Committee allocated rewards to dApps to continue bootstrapping liquidity on Flare.

The following dApps distributed rFLR during this period:

▸ SparkDEX
▸ BlazeSwap
▸ Kinetic
▸ Ēnosys

These dApps emitted approximately 62.6 million rFLR out of the 105 million rFLR allocated for Q4. Several additional dApps are scheduled to launch on Flare. More projects will be joining the $rFLR program, one of those dApps being Cyclo.

The committee underspent the allocated amount of rFLR for the period but remains cognizant of future growth and more dapps that will onboard. The unused rFLR from this quarter will be reserved for future allocations.

Flare TVL has increased to $65 million, including Clearpool with $23m and Sceptre with $25m.

Learn more: https://flare.network/new-flare-defi-emissions-program-provides-industry-leading-yields

More initiatives are coming to grow Flare DeFi together. Stay tuned ☀️

Have you tried FXRP in the Songbird Test already? If so, you're a veteran 👏

Several adjustments are being implemented to help more users test the system:

1️⃣ Dynamic agent minting collateral ratio (CR): When too many FDOGE or FXRP are being minted, agents can raise the CR. A high CR (e.g., 10) prevents new FAsset minting by requiring both agents and users to provide an excessive amount of collateral, making minting economically impractical.

Feeling unsure? As a helpful tip, consider actively using your FAssets instead of holding them.

2️⃣ Reduced DEX pool incentives for FDOGE pairs to encourage more redemptions instead of DEX liquidity. More redemptions mean more participants can join!

3️⃣ A creative allocation of redemption rewards is coming, offering potentially bigger incentives in addition to the existing redemption rewards. To earn more, redeem when you can! 🍀

Reminders for minting and redeeming FDOGE

🟧 Note 1: Minting and redeeming FDOGE might take longer (approximately 1 hour) due to Dogechain's block confirmation time. Don't worry, you'll receive live updates during the process.

🟧 Note 2: Before testing, if you had connected the wallets before with the minting platforms, please disconnect your wallet, then go to Bifrost settings - advanced - clear cache, reconnect your wallet to ensure a smooth experience.

The FAssets Songbird Test is dynamic, with all participants contributing their time and efforts to test and improve the system in every possible way. These tests will help us deliver a product we can all be proud of!

Learn more about FAssets and the Songbird Test: https://flare.network/incentives-for-fassets-on-songbird/

The second FAsset is in - welcome, $DOGE and the DOGE community to Songbird 💥

Mint, trade, and get rewarded:

> https://fasset.oracle-daemon.com/sgb
> https://fassets.au.cc

Spark DOGEfi with FAssets today!

What you need to know before testing: https://t.me/FlareOfficialAnnouncements/251

🚨The second batch of Songbird Test incentives is now claimable on the Flare Portal's "Emission" tab 🚨

As we enter the 5th week of Songbird testing, several adjustments are being implemented, such as dynamic agent minting fees and revised redemption bonuses.

The changes to the rewards will only take effect for the next batch onwards. We encourage the community to follow the social media channels of participating agents for the latest updates.

Additionally, we would like to reiterate and provide updates on three key points:

1️⃣ The FAssets beta retroactive airdrop will be distributed after the official release of the FAssets system on Flare, as stated in our initial announcement on October 10, 2024. This airdrop aims to reward participants who actively engage in Coston, Songbird, and Flare.

2️⃣ The open beta site (https://fasset-beta.flarelabs.org) will be sunset, and its code will be frozen. Further participation on this site will not be factored into the calculation of rewards.

3️⃣ The Songbird test continues, with ongoing optimization efforts as mentioned above. FDOGE support is scheduled to launch this week.

Stay tuned for further updates and thank you for your continued participation and support in the FAssets system.

What stories can you tell about Flare?

Be educational and inspiring.

1️⃣ Videos
2️⃣ Written Content
3️⃣ Infographics
4️⃣ Interactive Content

Share your creativity for a chance to win a piece of the $10,000 FLR prize pool, distributed weekly!

Join the fun before February 7!

Details: https://flare.network/flare-content-creation-bounty

Submit your creations at Bountycaster OR reply under this tweet.

Two years ago, over 4 billion FLR landed in your hands, igniting the Flare journey ☀️

We’ve achieved together:

• 11 proposals voted
• 6.97B staked
• 24.95B delegated

Preparing something nice for you… Stay tuned 👨🏻‍💻🎪

🚨 FTSO Update: V2 Transition Complete 🚨

FTSOv1 is now officially deprecated on the Flare mainnet!

Delegators, claim your rewards before Jan 10 or they'll be burned.

3.6M FLR are waiting. Claim on http://portal.flare.network or via the wallets with which you delegated.

This deprecation is the final step in the changes needed for the v2 transition.

Learn more about FTSOv2 here: https://flare.network/ftsov2-more-data-delivered-faster

It's the perfect time to learn something new!

Join our builder workshop on Flare's enshrined oracle, FTSO.

Hands-on tutorial, live Q&A, and Flare merch giveaway 👋

Jan 8th, 2 PM UTC: https://lu.ma/llky4a69

Previous workshop recordings: https://www.youtube.com/@Flare_Networks/streams

Over 1.4 million rFLR has been distributed to more than a thousand addresses, worth over $37,000 🔥

If you’ve redeemed FXRP or used SGB as collateral, you may qualify for rewards!

How to claim ↴
1. Connect with Bifrost Wallet on portal.flare.network and select the Flare network.
2. Click the “Emissions” tab and choose “Songbird FAssets.”

Find out how rewards are calculated: https://flare.network/incentives-for-fassets-on-songbird

🔖 How rFLR works: rFLR can be earned simultaneously with monthly FlareDrops. rFLR vests linearly over 12 months, with 1/12 claimable and withdrawable as WFLR monthly from the Portal. Early withdrawal of unvested rewards incurs a 50% penalty. For maximum returns, wait for full vesting.

https://flare.network/a-guide-to-rflr-rewards

☀️ New to FAssets? It’s not too late to join the fun!
• http://fasset.oracle-daemon.com
• https://fassets.au.cc

Ever wanted to prove your knowledge of Flare and earn a certification? ☀️

This holiday season, why not gift yourself this opportunity to learn and grow?

I. Introduction
II. FTSO
III. FAssets
IV. FDC
V. DeFi Opportunities on Flare
VI. Flare Incentives

Start now: https://decrypt.co/courses/298151/getting-started-with-flare

Flare Educate Series x Encode is here!

Starting Jan 20th, start coding on Flare with this 4-week program:

- 8 sessions
- Hands-on practice with enshrined oracles
- Ecosystem pros teach you everything

+ hackathon & incubator

Apply: https://encode.club/flare-educate

👀 Tiger Research just released a paper on Flare!

Definitely worth reading.

https://reports.tiger-research.com/p/flare-blockchain-for-data-eng

Exciting news for the Songbird community ☀️

The FAssets launch is bringing two types of incentives:

• DEX pool incentives targeting 30-70% APR

• $260K retroactive airdrop of rFLR

Here's how to get started: https://flare.network/incentives-for-fassets-on-songbird

Your $XRP can now sing a new tune 🎶

FAssets are LIVE on Songbird, Flare's canary network, with the mainnet launch coming soon.

Mint FAssets, explore DeFi, and be rewarded!

Find out how to get started: https://flare.network/fxrp-is-live-on-songbird

🌀☀️ Cyclo is live on Flare!

Experience liquidation-free leverage by locking Sceptre's sFLR to get cysFLR and unlock new trading strategies: https://cyclo.finance

Powered by FTSO, Flare’s enshrined oracle, Cyclo enables new DeFi opportunities while ensuring trustless security.

Participation also earns rFLR rewards💡

Learn more: https://flare.network/cyclo-brings-liquidation-free-leverage-to-flare/

It's starting to feel a bit more festive in here... Some wins to celebrate before 2025.

Meet Flare's friends Sceptre, Kinetic and SparkDEX, to see how Dune visualized their milestones.

Plus, it's time for some FAssets updates!

https://x.com/i/spaces/1gqxvNERpRkxB

The first perp DEX on Flare, fully backed by Flare Time Series Oracle, is here — welcome to SparkDEX Eternal ☀️

• Up to 100x leverage
• Automated conditional orders
• Smooth transactions across 12 chains
• Major crypto + commodities & forex coming soon

Explore: https://sparkdex.ai/perps/trade
Learn more: https://flare.network/sparkdex-eternal-brings-perpetuals-to-flare

Let's talk about oracles and build with them.

If you’re still on the fence about what it exactly means, make sure to join our workshop: https://www.youtube.com/live/4mAT1v8gZMQ

Last time, we had over 2.1k people tuned in live. Will we have more this time?

Flare is live on Dune ☀️

We're excited to tell Flare's story through data to you and over 500 data analysts on Dune.

Track our network and ecosystem growth seamlessly.

Plus, a $6,000 bounty to build your own dashboards!

🔗 Full article: https://flare.network/flare-is-live-on-dune

➡️ Bounty details: https://flare.network/illuminate-the-flare-ecosystem

Do you want to learn about flrETH, an industry-leading ETH staking yield solution on Flare, and win some prizes?

Or simply tune in to enjoy a quality podcast on DeFi with Dinero's Founder Sami and Flare's DeFi analyst Dhruv.

🟢 Live now at https://youtube.com/live/c3VBP9jc_tE

Co-hosts: Dan from RetailDAO and Kevin from Coinsider 🙏

Flare TVL will keep growing ☀️

rFLR is a key driver — it rewards your DeFi participation, plain and simple.

Claim them at portal.flare.network if you've engaged with SparkDEX, BlazeSwap, Enosys and Kinetic.

If you haven't, join the next epoch: https://flare.network/a-guide-to-rflr-rewards

We know you’ve been waiting for updates on #FAssets. Make sure to read in to have all the updates about the Songbird Test:

✓Purpose
✓Duration
✓Incentives
✓Steps to get to the Test

Full article: https://x.com/FlareNetworks/status/1863948659949236334

Have more questions? We're hosting an AMA this Thursday with Hugo. Stay tuned to our socials.

Introducing Flare's inaugural Developer Ambassador Program ☀️

Join us in building impactful dapps, hosting hackathons globally, and shaping a builders-focused culture — all while earning exclusive rewards and support from the Flare core team.

✍️ https://flare.network/flare-developer-ambassadors-program/

Flare Data Connector (FDC), a key protocol for Flare and core to FAssets, is progressing daily 🔥

With the community's support, FDC is now live on Coston and is prepared to launch on Songbird in December.

Data providers, start your engines ☀️ More details on migration: https://dev.flare.network/run-node/fdc-attestation-provider

We are teaming up with Chainpatrol, a leading AI-powered threat intelligence platform, to address the complex challenges of Web3 security and protect our community and digital assets. 🔒

With real-time monitoring and rapid threat response, ChainPatrol will help ensure the Flare ecosystem remains safe from phishing, social engineering, and impersonation attacks.

https://flare.network/chainpatrol-has-partnered-with-flare

USDX, a Treasury-linked stablecoin native on Flare, is now listed on BitMart.

Join the X space with Hex Trust, Clearpool, and Hugo for a deep dive into USDX’s role in Flare DeFi!

• Dec 3rd Tuesday at 11am UTC
• https://x.com/i/spaces/1ypKdpOlEadKW

Rewards epoch just ended, but why didn’t I see my rewards ❓

In FTSOv2, after the epoch ends, rewards are calculated and published as data. Data providers then sign the rewards, which may take a few days until 50% of the weight of data providers have signed. Once complete, the rewards become claimable.

Check the epoch status here: https://flare-systems-explorer.flare.network/reward-epoch

Learn more about FTSOv2 rewards: https://flare.network/ftsov2-rewards-update/

FTSOv1 is now officially deprecated on Songbird, and we're getting close to the era of FTSOv2 🎉

Only v2 data providers will receive rewards moving forward.

Dive into https://flare-systems-explorer.flare.network to discover:

• Who Flare's data providers are
• Delegation rewards
• Reward epochs
• FTSO feeds and stability

Learn about this one-and-only enshrined oracle at Flare: https://dev.flare.network/ftso/overview.

The Flare Builders workshop was so good last time we had over 2000 people tuned in LIVE. Check the recording here.

If that was great, you can expect nothing less from the next one happening tomorrow 📆

Sign up, it’s free: https://www.youtube.com/live/X4xEVD0sPzA?si=mM2DV2qTfPKknp6g

Simplify your Flare DeFi journey with Rubic ☀️

• Bridge assets from 25+ chains to Flare with Stargate

• Access best-rate swaps on Flare DEXs: Blazeswap, Enosys, and SparkDEX

— with cross-chain swaps available soon.

👉 Test it out: https://app.rubic.exchange

📚 Learn more: https://flare.network/rubic-simplifies-cross-chain-swaps-on-flare

Recently, the Flare Time Series Oracle v2 went live on Flare mainnet, introducing changes to FTSO rewards.

The implementation has 3 phases:
• Trial: Reward allocation remains unchanged – Phase Complete ✅
• Beta: Rewards are split 50/50 between v1 and v2 data providers – In Progress ⏳
• Deprecation: V1 will be deprecated, meaning only v2 data providers receive rewards – 21 November ‼️

During the Deprecation phase, the Flare Foundation will update the Inflation contract so that only v2 data providers will receive rewards, while delegators will only earn rewards by delegating to v2 data providers.

For a full list of providers supporting v2, please refer to: https://flare-systems-explorer.flare.network/

Learn more: https://flare.network/ftsov2-rewards-update/

The data must flow!

Flare Foundation proposes updates to enhance the FTSO reward system, ensuring sustainability and fairness for all data providers.

Learn about these changes and be ready to vote on Nov 18th: https://proposals.flare.network/FIP/FIP_11.html

A big woof energy is coming ☀️

Celebrate with us the moment that Flare takes ONE step forward in unlocking DOGE utility.

Bridge DOGE now, on top of XRP and BTC, on FAssets Open Beta with a brand new UI.

➡️ https://fasset-beta.flarelabs.org

❓ https://flare.network/doge-comes-to-fassets-open-beta

🐶🪙 https://app.galxe.com/quest/flare/GCuAetV7of

Learn more about Flare’s collaboration with Red Date.

Tune into the AMA tomorrow, November 12th, at 1 PM UTC: https://x.com/i/spaces/1YpKklWNzVYGj

Featuring:
Jehan Chu, Founder of Kenetic
Yifan He, CEO of Red Date Technology
Hugo Philion, Co-founder of Flare and CEO of Flare Labs

It’s going to be a good one—don’t miss it ☀️

Flare and Red Date launch the world’s first decentralized identity KYC trial.

The trial enables Mainland Chinese to register anonymously on a regulated stablecoin app and facilitate the purchase of tokenized financial products with the stablecoin.

https://flare.network/flare-red-date-decentralized-kyc/

We are entering the final stage of FTSOv2 transition ☀️

The deprecation of v1 has just occurred on #Songbird, meaning that data providers will no longer receive rewards for participating in v1.

Rewards accumulated in v1 on Songbird can still be claimed until November 22, 2024.

The deprecation of v1 on #Flare is scheduled for late November.

1️⃣ FTSO data providers are encouraged to migrate to v2 as soon as possible.

2️⃣ Delegators should refer to the following monitors for the latest information on FTSO rewards epochs:
> Flare Systems Explorer: https://flare-systems-explorer.flare.network
> Songbird Systems Explorer: https://songbird-systems-explorer.flare.network

Want more clarity and updates on Flares’ latest developments?

Join us in 30 mins at 9.30am PST, 4.30pm UTC, 8.30pm GST: https://x.com/i/spaces/1OdKrXyOWYAJX

1. Discuss DeFi security with JD Gagnon from Rome Blockchain Labs and Dan Caspi from Hypernative
2. Learn about flrETH with Sami - the Founder of Dinero

Stay longer for Q&A ☀️

Flare x Dinero = flrETH – the first Flare-native ETH liquid staking solution ☀️

Starting today, earn ETH staking yield directly on Flare.
Stake now: https://flare.dinero.xyz

Coming Soon: Swap and incentivized pools for flrETH on SparkDEX.

For full details, check out 🦋
• Full announcement: https://flare.network/introducing-flreth
• flrETH User Guide: https://flare.network/flreth-user-guide

Make your ETH work harder with flrETH.

The FAssets Beacon Quest has sparked a lot of exciting testing on FBTC 💥We’ll be distributing the $10K prizes this week, so stay tuned.

Thanks to your valuable feedback, we’re diving into Week 2 with $30K in prizes and updates over the next three weeks.

🟠 Check out the Week 2 quest here:
https://app.galxe.com/quest/flare/GCTdbtKxRH
——————
Updates:

1️⃣ Gas fees for claiming points will continue to be covered by us.

2️⃣ To make the quest fairer, we’re switching the points allocated in the "Compete" challenge from minting and redeeming lots to transactions.

3️⃣ We have the same Quests for Connect, Support, and Practice. This means if you’ve claimed points for these before, you can claim them again simply by reverifying! We really appreciate our long-term supporters.

Let’s keep the energy up 🔅
Blog | Guide | Help Centre at Galxe

Introducing Flare’s Blockchain Machine Images on Google Cloud Marketplace — enabling rapid deployment of full nodes across 20+ networks, including Bitcoin & Ethereum, with plans to add more.

A scalable & reliable solution designed for developers ☀️

Learn more: https://flare.network/effortless-node-deployment-flares-blockchain-machine-images-now-live-on-google-cloud

Launch Blockchain Machine Images today: https://dev.flare.network/run-node/gcp-marketplace-nodes/

Hello Flare Community,

Thank you for all the feedback you’ve shared regarding our Galxe quest.

We have thoroughly reviewed your concerns and have been working on the issues you raised. Tasks related to verification and point claiming are now functioning as intended with Bifrost.

👉 You can mint, redeem, and provide collateral using Bifrost while logging into Galxe via WalletConnect to claim your points: https://app.galxe.com/quest/flare/GCTdbtKxRH

To enhance your quest experience, we are implementing the following improvements:

- ⛽️ We will cover the fees for claiming points.
- 🪂 The first 100 users who comment on this post with their testBTC address will receive an airdrop to expedite their quest journey.
- ▶️ We are producing a step-by-step video guide on how to claim points from scratch.

We understand that Galxe is a new platform for many in our community, and some users may find the UI and user journey challenging, especially on their first visit. We have a long-standing relationship with the Galxe team, who are consistently responsive and dedicated to enhancing user experience. We encourage you to explore their help center and engage with them on Discord for additional support. https://help.galxe.com/en/

We appreciate everyone’s participation in testing the system. Our collective mission is to promote marketing and education about Flare and FAssets ☀️

We value your feedback, and we are committed to continuous improvement.

Join us in testing: https://app.galxe.com/quest/flare/GCTdbtKxRH

The FAssets Beacon Quest is live 🔅
Complete tasks to win a share of $40,000 in FLR, with $10,000 distributed weekly.

Explore FAssets, bridge $BTC, mint, redeem, and provide collateral— all trustless and secure. 

Join the quest today, powered by Galxe ⤵️
https://app.galxe.com/quest/flare/GCTdbtKxRH

Blog | Guide | Help Centre at Galxe

Another milestone for Flare and FAssets 🎉

The Flare Data Connector is coming to Songbird.

"In its initial deployment, FDC will support the attestation types required for the FAsset system, as well as EVM transaction types."

Voting starts on Oct 24 ⤵️
https://proposals.flare.network/STP/STP_9.html

🚨 45-Minute Countdown

Get ready for our first-ever Developer Workshop with Flare's lead engineer, Filip Koprivec 👷‍♂️

Set your reminders and join us live to supercharge your skills and connect with fellow developers: https://www.youtube.com/live/GwY_BhEpBG8

Sharing the full recording of Hugo Philion’s insightful panel from Korean Blockchain Week ☀️

Perfect for your weekend watch: https://youtu.be/SUTqBlA5a0U

We’ve included timestamps to make it easier for you to find the highlights 🫡

FLR voters, we need you ✋

New proposals are up: SIP. 04 and FIP.10 - Adding an Incentive Structure for Participation in All Protocols.

🐦 SIP.04: https://proposals.flare.network/SIP/SIP_4.html
☀️ FIP.10: https://proposals.flare.network/FIP/FIP_10.html

The new incentive structure introduces a pass-based system where providers gain or lose passes based on meeting minimum participation requirements across all Flare protocols, affecting their rewards.

This system encourages providers to actively participate in all existing Flare protocols, leading to a more robust and diverse ecosystem.

📅 Voting for FIP.10 starts on October 18 on Flare, with SIP.04 voting on Songbird to follow on October 21. Stay tuned for a blog, thread, and further educational resources coming your way.

The latest Flare Explainer is here, and this time we're talking in-depth about FAssets.

🪂 Check out the latest news if you haven't: https://flare.network/fassets-beta-retro-airdrop-update/

The 1st-ever Flare Builder Online Workshop kicks off on Oct 16.

This is your chance to get a proper introduction to "What is Flare?"

Understand why and how to start building on Flare and beyond ☀️

Perfect for new web3 builders.

Sign up: https://lu.ma/2b5n0hkk

Flare Emissions Committee Quarterly Report 🔖

During the last epoch, the Flare Emissions Committee allocated rewards to dApps to begin bootstrapping liquidity on Flare. The following dApps distributed rFLR during this period:

SparkDEX
BlazeSwap
Kinetic
Ēnosys

These dApps emitted approximately 20.2 million rFLR out of the 60 million rFLR allocated for Q3. The committee remains mindful of avoiding excessive emissions relative to the yields generated and aims to gradually increase rFLR emissions as total value locked (TVL) grows. The unused rFLR from this quarter will be reserved for future allocations.

During this period, TVL increased from approximately $10 million to $15 million. Several additional dApps are scheduled to launch on Flare in the upcoming quarter and are expected to join the $rFLR program. ☀️

Learn more: https://flare.network/new-flare-defi-emissions-program-provides-industry-leading-yields/

As onchain finance continues to expand, the demand for secure, cost-effective, and scalable oracle systems rises ☀️

Flare is creating a new DeFi Hub with a full-stack EVM L1 featuring built-in oracles and a robust ecosystem, opening up exciting opportunities for devs and users.

https://flare.network/harnessing-flares-defi-hub/

DeFi is not ready for mass adoption without truly decentralized and secure oracles.

Flare is committed to providing stronger guarantees for its future.

Watch the full panel of DeFi day: https://youtu.be/q8Ra_EbYCR4

FlareDrop.20 is now live and available to claim 🪂

The three random blocks for WFLR holding calculations are: 29,893,485 // 30,268,482 // 30,576,284.

Rewards ratio stands at 2.78484209 FLR per 100 WFLR held.

Understand what these numbers mean: https://flare.network/flare-101-series-what-are-flaredrops/

FTSOv2 Rewards — How They Work in Simple Math 🔓

🔴 V1 Rewards

Epoch 223: 100%
Epoch 224: 100%
Epoch 225: 100%

🟡 V1 + V2 (Transition)

Epoch 226: 50%
Epoch 227: 50%
Epoch 228: 50% from V1 + 50% from V2 (from Epoch 226)
Epoch 229: 50% from V1 + 50% from V2 (from Epoch 227)

In short, you’ll receive your 50% rewards for Epochs 226 and 227 in future epochs, as long as you've delegated to data providers who are registered and submitted data on time in V2.

---------

❔ FAQs

1️⃣ Why didn't I see similar rewards in Epoch 228 compared to what I received previously (before V2)?

The reduced rewards could be resulting from the V2 portion (50%) as some providers didn't submit reveals on time incurring a penalty (designed to promote better performance). We understand this is a new system and the changes will take time to stabilize. We have identified the root cause quickly and informed providers to take the necessary steps for better price submissions going forward.

2️⃣ What will happen from Epoch 230 onwards?

From Epoch 230 onward, the rewards will stay the same as in Epoch 229 until we deprecate V1. The deprecation date for V1 is still being confirmed and will happen gradually, starting with Songbird and then Flare.

Thank you so much for your support on our journey as we work to deliver our vision and values ☀️

Learn more:
> Update on FTSOv2 Rewards on Flare
> What is FTSOv2
> Real-time Monitor of FTSOv2

ICYMI developers, you can now easily access FTSOv2 price feed and utilizes them cross-chain using Polyhedra's zkBridge.

Join Dinesh, Flare's Technical Product Lead, today to learn how to call data in real-time.

Start at 4PM UTC: https://discord.com/invite/flarenetwork

If you’ve been exploring Flare, you might have come across three types of rewards:

➖ FlareDrops
➖ FTSO Delegation Rewards
➖ FLR Staking Rewards

Learn all about them in the latest episode of FlareExplainers: https://www.youtube.com/watch?v=fYadnGCjL8I

FTSOv1 rewards are reduced in epochs 226 (ended today) and 227 due to the V2 deployment entering the beta phase, where rewards will be split 50/50 between V1 and V2. The first V2 rewards will start with epoch 228. To maximize your rewards, delegate ASAP to registered V2 entities.

Learn more: https://flare.network/ftsov2-rewards-update/

In just 2 minutes⏳, you can grasp the challenges Flare addresses and its full-stack solution for builders.

Tune in to the full discussion in Hugo Philion's recent chat with cryptonews: LINK