What is FIRE?
FIRE = Flare Income Reinvestment Entity.
It's the governed pool that collects protocol revenues and allocates them under a defined mandate.
Primary mandate: reduce FLR supply to the maximum extent possible (buyback + burn).
Secondary: reward asset issuers proportional to activity, support dApp liquidity, and fund ongoing Foundation operations (security, engineering, ecosystem).
#Flare has been maturing for a number of years as a standalone network.
✅We have an active community.
✅We have countless, high quality dApps.
✅We have a thriving #DeFi ecosystem
✅We have a growing interest in novel #NFTs
What does that mean for those looking to bridge #XRP via the #FAsset protocol?
I means you instantly have the ability to participate in an already established utility driven network, right off the bat!
#UnlockingValue #FlareNetwork
For over a decade, XRP has powered fast and efficient settlement at scale.
FXRP on Flare extends that strength with composability, opening new growth opportunities: XRP as collateral, liquidity, and yield in DeFi.
Mint today:
https://t.co/1ovLRNisHZ
https://t.co/Kjsp3Okyrc
We are preparing to launch FAssets v1.2 on Songbird next week.
This launch is part of our multi-layered security process. We've completed the @zellic_io audit and have high confidence in the code's robustness based on internal reviews. The final Zellic audit report is forthcoming.
To facilitate this launch, a scheduled system upgrade is required on Wednesday, August 20th. The FAssets system will be paused for up to 8 hours, starting in the morning UTC. During this time, minting and redemption of FAssets will be temporarily unavailable.
Once the upgrade is complete, FAssets v1.2 will be live on Songbird. No action is required from collateral providers, token holders and any users. We will notify you once the upgrade is completed and FXRP v1.2 is fully functional on Songbird.
Thank you for your continued support as we build out the future of XRPFi and beyond ☀️
Did you know @XamanWallet supports every single transaction type on the $XRP Ledger? 🔥
Trade, swap, pay, vote, interact, Xaman lets you do it all, with you in full control of your funds.
No limits. No compromises. Just true self-custody.
Built for the XRPL. Powered by you.
Flare Wallet Spotlight: Bifrost Wallet 🔦
This self-custody wallet is built for seamless, multichain participation with deep support for the Flare ecosystem.
That includes:
✅ FLR staking & delegation
✅ Automatic reward claiming
✅ WalletConnect for XRP & BTC
Get started with these @BifrostWallet tutorials:
• Onboard: https://t.co/s7LPefGlN1
• Stake FLR: https://t.co/rhZOmJ5Z9y
• Swap FLR: https://t.co/Z9WX3bMkkD
One wallet. Many chains. Full control.
There is $91 million USDT0 on Flare and $40M of other stablecoins, all building the DeFi ecosystem ahead of the launch of FXRP and Firelight XRP staking. #Onwards
🎂 These past 10 years would not have been the same without you!
That's why we’re giving away $1000 in $BTC, $ETH, & $XRP.
Want your share of our Big 3 Basket?
Heres what to do:
1⃣ Follow @UpholdInc
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3⃣ Comment what #crypto you would like to see in a Basket
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