JUST IN: ๐ฎ๐ท๐บ๐ธ Iran's senior leadership has not agreed to a deal with US.
President Trump has also not agreed.
Both sides are reviewing the deal, no "final deal" has been reached at this time.
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 FIREโs 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.
Destination tags are a bigger deal than people realize.
With FAssets v1.3, XRP can move through familiar XRP payment rails, mint FXRP on Flare, and become usable in XRPFi.
This changes how XRP enters DeFi.
Full tutorial ๐
https://t.co/eUhXqgQ9ST
I just minted FXRP directly to Flare from @krakenfx@krakenpro
Have you?
It was super simple. Give it a go!
Buy a tag on any of the FXRP minting apps and follow the very simple instructions.
You can do this from any exchange that supports XRP.
FAssets v1.3 is live on mainnet.
Minting FXRP = one XRPL transaction.
Reserve a destination tag once, and every mint after is just an XRP withdrawal. Works from any exchange โ Binance, Kraken, OKX, Upbit, Bithumb, all of them.
Billions of XRP are sitting on CEXs. @FlareNetworks is the only chain that reaches them in one step.
Today FLR inflation drops from 5% โ 3%.
Most networks ask you to trust their tokenomics.
@FlareNetworks shows you every epoch โ inflation, emissions, burns, staking โ on @Dune.
๐ Why $FLR matters in the growth of #XRPFi
$FLR isnโt simply wrapping $XRP. It has built (and continues to expand) a complete suite of DeFi primitives tailored to #XRP users. This ecosystem includes everything from spot and perpetual trading to money markets, yield vaults, and collateralized debt positions
Read more to find out why we think $FLR will drive the growth of #XRPFi: https://t.co/pmWQlWCiAD
Alright folks, I donโt have much time for details, but the next couple of days are going to be hectic.
The inflation cut is coming, but that is not the only thing in motion.
We are preparing for a mainnet FAssets deployment that may look like a boring update at first. Then the effects will start showing up, and the power of it will become clear.
Also, remember all the times I said Flare Smart Accounts were going to be big?
I think the potential has already been shown, but there is more coming. A lot more. Wallets are waking up.
Never forget: there is a massive amount of dormant XRP that can be put to work in a far more effective way because of the infrastructure and ecosystem being built around FXRP.
Oh, and my quant is hearing good things on the vaults side.
I think he might be up to something.
Get ready. Weโll need everyone active.
You need to realize that the $FLR price went from $0.008 to $0.05 without FIP.16, FAssets, financial institutions, exchanges on board, Firelight, TEEs + PMWs to provide yield for other blockchains.
The next run will shock everyone.
$FLR โ๏ธ : " FIRELIGHT - THE UNDERWRITER "
No more just holdin', put your XRP to work.
Firelight on Flare itโs a brand-new design.
Underwrite insurance for the DeFi scene.
#FAssets#DeFi $BANK #XRPFi@HugoPhilion@FlareNetworks@FlareBank $XRP @Firelightfi $Pigeon $LINEA
So it continues nearly 200% from the bottom now $SGB truly going full phoenix mode. $FLR holders I hope your are ready for your 200+% pump because $FLR always follows the bird ๐๐คฉ
Could flare-networks:native be about to put in a big reversal candle?
I can't lie, it's been painful holding flare-networks:native in regards to price action for the last few months.
However, something seems to be shifting recently.
The 3 day RSI is showing us momentum is changing, price isn't displaying the same thing..... Yet....
Watch this chart closely for the next few week.