3xarch

[3xarch @3xarch]

$flr

[Flare ☀️ @FlareNetworks]

Inside XRP on Flare: Live with Founders from Flare, Firelight, and Spectra https://t.co/GTOml9c1dy

[3xarch @3xarch]

$flr

[Hugo Philion @HugoPhilion]

1) Using historical stats from Flare for MeV is pretty pointless as the ecosystem has grown in TVL substantially. (The estimates for transaction fee burning in FIP16 are also probably low as the ecosystem is growing and historical data doesn’t take this into account.)
Estimates for annual MeV earnings across the space equate to 1.5-2.0% of TVL.
Personally I’d expect this to be lower on Flare as MeV harvesting will be far less aggressive than on other chains so 0.5%-0.75% is probably a better range.

One of the more valuable things that can happen for Flare is growing TVL (and by proxy ecosystem usage - meaning fee burns- and also MeV earnings) by onboarding more XRP and new assets. Key to this in the near term is institutional onboarding of XRP thru exchange & custodian partnerships - eg Uphold - which can bring huge amounts of value to the chain more quickly than retail users. In the mid to longer term onboarding new assets like FBTC and RWAs (where Flare’s FCC gives Flare a strategic advantage).

In summary what FIP 16 did was make FLR very low inflation (relative to most other networks now) and link net token inflation to increasing usage through transaction fees, data fees (FDC, FSA) and MeV accrual.

Increasing TVL and increasing opportunities where FDC and FSA are used contributes the most towards reducing inflation / making FLR deflationary.

As an aside I was massively over optimistic about how quickly TVL would come to Flare. It wasn’t intentional my estimates got hammered by 1) the continued general market bearishness 2) Yield compression across the market - which makes it harder to get a yield on borrow lend (Kinetic & Mystic) and sell cover (firelight). 3) How slowly institutions move.
It is happening and happening at an increasing pace relative to a couple of months ago but the first few turns of any flywheel require a lot of effort.

2) We currently have no plans to change VM or become multi VM (practically very difficult anyway). There doesn’t look to be much value in doing so right now.

3) No we have no plans to raise capital as we don’t need to.

4) There is no particular reason for us to become a US entity at the moment. If that changes we will change with it. Tbh I spend a fair amount of time in the US anyway (and we have a lot of team in the US) so unless there is a clear legal/regulatory reason to do so it wouldn’t make any difference.

[Flare ☀️ @FlareNetworks]

XRPL for issuance. Flare for what comes next.

@HugoPhilion on the compute layer: privacy, trading, lending, and collateral for RWAs issued on XRPL.

Clip from XRP Las Vegas with @paulbarron - watch the full talk → https://t.co/TJuvacKr2j

[3xarch @3xarch]

$flr

[Hugo Philion @HugoPhilion]

I can confirm that the more the ecosystem is used 1) The more transaction fees are burned 2) The more protocol fees are captured (and sent to FIRE) 3) The larger MeV capture becomes. (With MeV earnings also sent to FIRE)

The largest part of FIRE’s mandate is to buyback FLR.

The initial goal is to reduce inflation beyond the existing reduction of FIP16. The ultimate goal is that the ecosystem grows large enough such that through these three mechanisms the network becomes deflationary.

[3xarch @3xarch]

$flr

[Hugo Philion @HugoPhilion]

Cardano launched in 2017.

Flare launched 6 years after.

Ever since Cardano has been trying and miserably failing to copy our strategy. (Im personally looking forward to them getting into TEEs 😂😂😂)

Cardano has far lower stats across the board in DeFi than Flare despite having a massive headstart and at least at some point a vast treasury.

Cardano will not win BTC.

Flare will win by creating the unified DeFi layer for FXRP, FBTC, FXLM, RWAs, Stables and the rest.

[3xarch @3xarch]

$sgb $flr $xrp

[Flare ☀️ @FlareNetworks]

https://t.co/GZFfWRDjjl

[3xarch @3xarch]

$flr

[Flare ☀️ @FlareNetworks]

FIP.16 has passed with 98.06% in favor.

A major milestone for $FLR.

This goes beyond growth at @FlareNetworks. It is about making value accrual more visible, measurable, and durable.

The mechanism is set. Visible growth comes next.

[3xarch @3xarch]

$flr

[Hugo Philion @HugoPhilion]

8m staked to Firelight in 1 transaction. I’ll leave you to consider whether that is an institution testing the waters…

[3xarch @3xarch]

$flr $sgb $Solana

[Hugo Philion @HugoPhilion]

FXRP is already on most major networks. I think FXRP on Solana would be interesting. Nothing else could offer the seamless on and off boarding that is enabled by Flare Smart Accounts.

[Hugo Philion @HugoPhilion]

Come join us on the Q&A Spaces for FIP 16

https://t.co/WjdxDo13Yo

[Hugo Philion @HugoPhilion]

Just to add to this, we think we are on track both with TEEs and with XRPFi adoption to add Bitcoin later this year.

[3xarch @3xarch]

$FLR "Flare is going to repeat that with BTC and then other coins whilst at the same time building private compute for RWAs and AI."

[Hugo Philion @HugoPhilion]

I do love watching Flare FUD reach fever pitch over geopolitical instability.
Others, bigger (cough cough Coinbase), have tried but Flare is the only project that has successfully turned XRP into collateral at meaningful scale.
Flare is going to repeat that with BTC and then other coins whilst at the same time building private compute for RWAs and AI.
And you doubt the future Anon?

[3xarch @3xarch]

$FLR

[Flare ☀️ @FlareNetworks]

Flare is a multi-dimensional network that captures value from data, capital, and computation, and FLR is the asset that aggregates that value.

[3xarch @3xarch]

$FLR + $XRP + $BTC

[Hugo Philion @HugoPhilion]

This is a large part of Flare’s thesis and what we are pioneering with XRPFi through curators like Clearstar, dapps like Firelight and Morpho and UI enhancements like Flare smart accounts. BTC & XRP are 1.5 Trn of the roughly 2 Trn in assets that are sitting largely unutilised.
Later this year we will be adding BTCFi.

[3xarch @3xarch]

$FLR

[Bitcoin.com News @BitcoinNews]

I don’t think any single chain will win the issuance of RWAs… where @FlareNetworks fits is as a chain where those assets can be used and traded privately.

Memorable words by @HugoPhilion. Listen to the whole interview!

[3xarch @3xarch]

$FLR $SGB "Not just XRPL - a lot of chains will need this and Flare will be there to partner with them."

[Hugo Philion @HugoPhilion]

Not just XRPL - a lot of chains will need this and Flare will be there to partner with them.

[Flare ☀️ @FlareNetworks]

Keep an eye on adoption, not noise.

[Hugo Philion @HugoPhilion]

Truly excited to work with @Yellow network.

[Hugo Philion @HugoPhilion]

Almost all future usecases of the blockchain (AI, Gaming, Identity, Real World Assets etc) will require some amount of external data attested onto chain. Decentralisation (without it there is no safety), scalability and low latency are key. Flare is the blockchain for data. #connecteverything

[3xarch @3xarch]

$FLR $XRP

[Hugo Philion @HugoPhilion]

In a sea of crypto pessimism the Flare ecosystem is expanding rapidly. FASSETS ARE WORKING.

Flare is, as our old strapline put it, “unlocking value”.

Rightly, people ask but what about FLR? But they don’t think about timing:

When you are building a new market you focus on how to make it work, who the partners are and how to defeat the competition…. Only then do you switch on monetisation.

The upcoming tokenomics governance proposal will detail how monetisation will occur.