Flare data and infrastructure provider. Perfect partner for everyone looking for maximum passive income. Flare staking: NodeID-8aGBxZssVWRvEr57YGRsWjZTHbnoWrfcc
I understand the pessimism of people that are not at the coal face everyday. A few things:
1) We are in a bear market for BTC and a deep bear market for alts. Flare has been inline with this - evidenced through consistency in CMC rankings the entire time.
2) I made some projections for FXRP size last year that were based on Firelight fully launching early this year, together with institutional participation. Bullish markets are like oxygen in this industry - when markets are buoyant everyone moves quickly and deals get done fast but when markets are weak no one wants to spend money and making deals happen is like wading through tar. Both things will happen but the bear market together with a host of other things have made players in the industry move more slowly.
3) There is more going on with Flare than at any point in the past. There are more users and thanks to FSA far greater distribution. FXRP remains the standard by which to deploy XRP and earn on it. We hope to replicate the same with FBTC. Growth has been slower than desired but everything is in place for when the broader market turns around.
4) Internally we are getting far higher inbounds both for immediate FXRP usecases, enquiries around utilising FBTC and perhaps most interestingly - other uses that Flare can offer. People want to use Flare not just for FXRP & FBTC - there is real demand for its data and privacy capabilities. We are building things in response to demand in areas that we had previously dismissed as far too hard to compete in - directly led by demand. These things will consolidate Flare’s position as a superior data network and that of FXRP as the preeminent version of XRP across chains. Potentially this will also apply to FBTC.
5) From DeFi for non smart contract tokens, to data, to compute and privacy Flare offers one of the best platforms out there for building great things. We build for the future of finance and AI that is coming.
When the broader market turns around Flare will be very well placed to capitalise on it.
With FIP16 in place the benefits to the community of that turn around will compound far more.
https://t.co/9jpVvvDTct
Another major piece of FIP.16 is live.
Today's hard fork raises the base gas fee to 500 gwei (from 25).
Every transaction now burns more flare-networks:native, and validator capacity rises to 300M FLR.
What's next:
☀️ FDC request fees begin flowing to FIRE: 90% direct, 10% distributed alongside inflation.
☀️Vote power recalculates, with P-chain stake weighted 5× delegation.
Stake placed now is already counted when the new calculation goes live.
Many think that Flare only thinks about DeFi for tokens without smart contracts. Not so - we also have a firm eye on the future. The furore around what AI companies are doing with customer data is the perfect example of something where Flare Confidential Compute can be applied.
Flare Confidential Compute introduces a new layer for verifiable confidential computation.
This enables secure cross-chain execution through Protocol Managed Wallets. Rather than relying on bridges, protocols can directly control and execute actions on other chains, secured by both Flare’s consensus and hardware-level TEE guarantees.
This is a step toward more seamless and programmable interoperability across ecosystems.
The first deployment is what we’re voting on starting tomorrow.
Cycles are interesting in that they have zero regard for reality. Vs even 1 year ago Flare is in an inconceivably better utility position. More is coming with Flare 2.0, further expansion of XRPFi, the coming onboarding of meaningful institutional partners (finally), FSA is working to abstract away complexity, FIRE and FIP16 change the token economics for the (vastly) better. And those are just the things that we can discuss publicly. Almost everything we have set out to do is being done (barring adding more FAssets - in the works) and by and large it’s working.
But if you look at the whole crypto market you would think the whole industry is finished - despite more institutional interest and greater clarity than ever before.
Unfortunately cycles are a fact of life, even Amazon had a 94% peak to trough drawdown when the .com cycle burst - but the internet didn’t go away nor did Amazon and neither will crypto and certainly not Flare - which presents more utility than almost anything else in the market.
Every cycle teaches the same lesson, and every time we forget it: near the bottom it always feels like the end, but it never is.
I believe that we're closer to the turn than the mood would have you believe. The roadmap ahead is the thing we're here for. At Flare we trust in the process to ship great product - knowing that is the only true path to winning. Flare will emerge from this brutal winter fighting fit and offering more than ever for the next cycle.
Looking for the latest on Firelight?
Our documentation has been updated with details on Phase 2, how coverage works, claims payouts, and more.
For the most up-to-date information, head here.
https://t.co/RJjv5qkfpE
Earn 14%+ on @USDT0_to on @FlareNetworks with the first vault operated on SuperformOS.
bizUSDT0 is an institutional-grade yield strategy that allocates across Flare lending markets, curated by @bizantinelabs.
Access it right now from any chain using any token on Superform.
⚠️ Important reminder: there is no governance vote happening right now.
Flare continues to be targeted by massive scam campaigns, despite multiple reports to @X.
Please stay alert, verify links, and do not interact with suspicious posts or fake voting pages.
We’re proud to introduce the Firelight Risk Consortium!
Together with @cyfrin, @CredoraNetwork, @HypernativeLabs, @nativeinsurance, and @labsGFX, the consortium establishes a transparent, neutral review process for onchain cover events.
https://t.co/x7q07SPW9e
Great article how @Firelight doesn't just make existing operations safer. It enables new business via making new operations possible — operations that were previously too risky to attempt because there was no way to manage the possible risk of failure.
We've seen impersonator accounts gaining traction across socials, and have been actively pursuing them.
Reminder: the following are our only official channels 👇
X — https://t.co/rwxi510w4d
Telegram — https://t.co/0rOSbjs7ez
Discord — https://t.co/GC43kHFCRP
YouTube — https://t.co/RGWt31rsv0
GitHub — https://t.co/3XGFXrNmne
LinkedIn — https://t.co/OuGtGYZqRt
Medium — https://t.co/ZiSrdCjU0L
If it's not listed on https://t.co/gX1jwvKEQZ, it's not us.
Today, Tuesday 26 May at 10AM CET, FAssets minting and redemption will be paused for approximately 30 minutes for scheduled maintenance.
The FAssets Portal and the Flare Smart Accounts dApp will be in pause mode during this window.
FXRP transfers and DeFi integrations continue to work as normal, along with the rest of the Flare network.
We'll confirm here once FAssets operations resume.
If you're holding XRP in @DCENTWALLETS and haven't looked at the XRP Alliance quest yet: the full how-to is here.
Quest steps, reward breakdown, and FAQs:
→ https://t.co/qAsef1IPTK
As a part of @Flare FIP.16 related tokenomics update inflation drop from 5% to 3% has now been implemented also to FTSO delegation reward calculation. Delegation rewards are from now on about 40% lower in FLR starting from just ended epoch 400.
Flare Smart Accounts is wallet-agnostic.
Any wallet, exchange, or dApp that supports XRP can plug into the same flow - no new tools, no new infra needed.
@XamanWallet and @DCENTWALLETS users are already live. More wallets and vaults from here.
Who do you want to see next?
MXRPY deposit cap raised:
An additional 4.5M in XRP capacity has been made available for deposits into the Monarq XRP Yield vault on @FlareNetworks.
Users of @DCENTWALLETS are also eligible to participate in the reward programme until June 8, with a $55,000 incentive pool across three quests.