MetaWolf

[Hugo Philion @HugoPhilion]

Summary of our week.
Flare, THE NETWORK FOR DATA, is spreading its wings. https://t.co/2i3b0fJDxq

[SparkDEX @SparkDexAI]

This is bigger than a single vault. It is a signal of where Flare DeFi is heading.

@upshift_fi brings proven, battle tested vault infrastructure to Flare, and SparkDEX is proud to be its home.

More capital working. More utility for WFLR. A stronger @FlareNetworks

https://t.co/bw2SaZAzDU

[Spectra @spectra_finance]

Now crossing 200% monthly volume growth on the largest stXRP market.

Spectra turns @Firelightfi’s cover revenue into a tradable XRP rate, bringing new activity to @FlareNetworks.

More cover means more yield to trade, laying the foundation for more products on the network.

[MSB Intel @MSBIntel]

Flare's FXRP, each token backed by one XRP, now represents more than twice the XRP held in Grayscale's spot XRP ETF.

Grayscale's fund has $70.9M in assets.

@FlareNetworks

[Quantic @0xQuantic]

Spectra just launched its order book on Flare, the first EVM network to get it.

You can now trade future yield on assets like stXRP and sFLR at rates you choose, instead of relying only on available liquidity in a pool.

This is unique infrastructure for developing proper interest-rate markets on Flare, with XRP at the center of it.

[Spectra @spectra_finance]

Spectra order book is now live on EVM, starting with @FlareNetworks

→ https://t.co/f0javFcqXQ

PT and YT orders can now be posted at a chosen rate, straight from the wallet. On Flare, that makes it the industry’s first order book for XRP yield.

How to & details ↓

[🌸Eri ~ Carpe Diem @sentosumosaba]

For the first time, @FlareNetworks delivers DATA to many chains. Congratulations FTeam! 🎉

[Steven Hudspeth @hudspeth589]

Geek to English, Hugo edition: (love to do these from time to time)

Right now, when your XRP or Bitcoin leaves Flare to go to another blockchain, it leaves Flare's security behind.

Soon it won't. Flare's network of 100 independent checkers will travel with it and make sure every move is real.

Think of it like a bodyguard. He used to stay at the house. Now he goes wherever you go. 🛡️

https://t.co/Yh6fsvwsg8

[ᙢinus ᙡells @MinusWells]

Staked $FXRP is now backing DeFi cover for major vaults.

Firelight, built on Flare, is live on Lido Earn, Kraken DeFi Earn's $USDC vault, and Sentora's protected vaults.

[Firelight @Firelightfi]

Huge step for XRPFi.

With an order book, PT and YT orders can be posted at a chosen rate straight from the wallet. Fixed rates and variable yield on XRP now get priced by the market.

Learn more. 🔽

[Hugo Philion @HugoPhilion]

Beyond serving other OFT tokens that already use LayerZero, Flare’s DVN will also be used to secure FXRP and FBTC movement across multiple chains - eg FXRP from Flare to Ethereum, FBTC from Flare to ZRO chain etc.

This means FAsset users can get Flare’s security across all FAssets pathways.

[Spectra @spectra_finance]

https://t.co/vu1wDhECT0

[Kristaps Grinbergs @fassko]

I can't stress enough how huge this news is.
Flare products like the Flare Data Connector (FDC) and Flare Confidential Compute (FCC) are safeguarding LayerZero cross-chain routes.

Learn more:
FDC: https://t.co/jxvaOPgwsY
FCC: https://t.co/xFR9UFcDbl

[Hugo Philion @HugoPhilion]

2

[Hugo Philion @HugoPhilion]

This is the first (and massive) move in:

“2) Broadening what Flare offers to the wider crypto market.”

Flare is joining the LayerZero interoperability network as a DVN.
This means that applications that transfer huge amounts of value through the LayerZero network will be able to use Flare as part of their security set to deliver data cross chain.

Unlike other DVN’s, Flare is a fully staked L1 blockchain using 100 validators to come to consensus over cross-chain data.

Up until now Flare has just used that data on its own L1.

For the first time Flare will now be delivering that data via its DVN to many chains.

2

[Filip Koprivec (j☀️☀️sko) @j00sko]

Secured by Flare data.

Presenting a DVN that secures messages (data) across chains with the same security as everything on the network.

Full validator set securing every cross chain message.

[Quantic @0xQuantic]

I'd encourage people to read some of the details here.

Personally I find it pretty remarkable that Flare could eventually be getting paid to verify transfers worth billions happening entirely on other networks.

[Flare ☀️ @FlareNetworks]

@LayerZero_Core Glad to be joining @LayerZero_Core as a DVN.

Flare has always been about data, and this is a new way for it to serve issuers on the OFT Standard.

[Flare ☀️ @FlareNetworks]

Flare is joining @LayerZero_Core as a DVN.

OFT Standard carries 85%+ of cross-chain USD volume for issuers like Tether, PayPal, Paxos and Ondo.

Once live, OFT issuers can add Flare’s DVN: a stake-weighted majority of 100 validators.

The system behind XRPFi, now beyond Flare.

[SparkDEX @SparkDexAI]

We’ve seen your questions about the EarnFLR Vault. 🟠

Here are the answers on deposits, yield, fees, withdrawals and Firelight cover. 🧵