As its Alt SZN (TM) I wanted to recapitulate the Flare offering.
• Flare is the only major L1 with a built in data.
• That data is used to power onchain markets and interoperability with tokens like XRP and Bitcoin which have historically been massively underutilised.
The utility just from this is huge - Firelight, the entire DeFi ecosystem in Flare, Flare smart accounts etc. This is where we are today but the best is yet to come… read on
• Those same data capabilities are being used to assure a verifiable compute layer that sits above Flare.
• Verifiable compute lets you run huge programs (example - a whole LLM) privately and with sufficient security to use the results onchain.
The use cases for the combination of Flare’s data, interoperability and compute are manyfold:
Protocol managed wallets which let a decentralised application on Flare take actions on any chain.
Autonomous crypto or RWA portfolio creation & management.
Private data streams that can interact with applications - so a public app can use data that can’t be exposed publicly but a user can be certain that the data came from the correct source.
Applications built directly on chains like XRP (with baked in privacy).
Private equity or perps markets.
Privacy tooling that can be applied to other markets.
Private and verifiable agents.
These are just a few of the ones that appeal to me.
Everything feeds revenue into FIRE - the Flare mechanism for buying back the FLR token.
We are ALL early.
🦖 DINOPACK SPACES IS BACK MONDAY! 🎙️🔥
The Pack is getting together again Monday at 6 PM EST for another DinoPack Space!
We’ll be talking project updates, what’s being built, what’s coming next, and of course chopping it up with the community.
🎙️ Host: @dinopack_hbar
🎙️ Co-Hosts: @filhetu@ss_pine_apple
Pull up, bring your questions, bring the energy, and come hang with the Pack.
Monday. 6 PM EST. Be there. 🦖🔥
RAWWWR!
🦖 DINOPACK SPACES IS TONIGHT! 🎙️🔥
We’re live at 6 PM EST and the Pack is pulling up.
Project updates, community talk, what we’ve been building, and plenty of DinoPack energy along the way.
Bring your questions. Bring the vibes. Come hang with us.
6 PM EST. See you there, Pack. RAWWWR! 🦖
FIP.16 passed 4 months ago, since then the core of the $FLR redesign has began unfolding.
☀️Inflation down 3%
☀️Burns up 20x
☀️Staked capital increased ~35%
☀️4 income streams are now being directed toward FIRE’s mandate of burning and buying back FLR.
@defillama_res published the full breakdown on @DefiLlama.
I think people are underestimating what FIP.16 could do to FLR.
Everyone sees the 5x staking weight and immediately thinks about APY.
Look deeper.
Flare is making a deliberate choice to economically favor FLR that is actually locked securing the network.
At the same time:
Inflation drops from 5% to 3%.
More network fees get captured.
FIRE accumulates revenues from actual economic activity across Flare.
Those revenues can then help reduce inflation further, buy FLR or remove supply.
So the long-term trend is pretty clear:
More FLR locked securing Flare.
Less dependence on printing FLR to pay for security.
More of the network’s economics funded by the activity happening on it.
If Flare keeps growing, that second part becomes much more important than the 5x everyone is talking about.
GM GM you beautiful dinos 🦖
IT’S SATURDAYYYYY!!!
We made it. Coffee is brewing, the weekend is here, and I’m feeling GOOD today.
Go enjoy yourself. Laugh a little. Touch some grass or Don't.😂
Much love from the Pack.
LFRRRAAAWR 🦖🔥
We have removed the 0.09 ripple:native minimum fee on trades and limit orders.
Less friction. More freedom.
Making XRP Ledger's deep liquidity more accessible, day by day.