rFLR rewards have landed ๐ช
LPs can now claim this monthโs distribution.
๐พ Farm rewards remain unchanged โ there are no changes to rFLR emissions across farms this epoch.
Not LPing yet? Start Today.
๐ https://t.co/R565MSyYkA
Todayโs Big Burn was apparently too hot for @X to handleโฆ ๐ฅ๐ฅ๐ฅ
5M $SPRK went up in flames, and X decided the video needed a โGraphic Contentโ warning. ๐
Mission accomplished ๐ค
๐ฅ Itโs official. The community has decided.
The proposal has passed, and the team has successfully executed the 5M $SPRK token burn โ
Thank you to everyone who cast their vote.
More to come! โก๏ธ
๐ฅ Itโs official. The community has decided.
The proposal has passed, and the team has successfully executed the 5M $SPRK token burn โ
Thank you to everyone who cast their vote.
More to come! โก๏ธ
โณ Only 18 Hours Left!
Every vote helps shape the future of the SparkDEX ecosystem. If you haven't voted yet, now is the time to make your voice count.
๐ณ๏ธ Vote before the deadline: https://t.co/ghoM3gXkMm
Stables here. Stables everywhere.
On SparkDEX, these stable pairs earn extra rewards on top of swap fees.
Got stables on Flare? Put them to work!
https://t.co/YWOXRzHpsj
Governance Update: 55 votes cast and counting โฐ๐ฅ๐ฅ
SparkDEX's 5M $SPRK token burn proposal remains active, with 2 days left before voting closes.
If you havenโt voted yet, now is the time to make your voice heard and help shape SparkDEXโs future.
๐ณ๏ธ Vote here: https://t.co/U3dXTAObyK
๐ฅ Governance Proposal #2 is LIVE.
The SparkDEX DAO is voting on a 5,000,000 SPRK burn.
๐ธ 0.5% of max supply
๐ธ ~25% increase in total SPRK burned
๐ธ Lower future inflation
Voting ends Friday, June 26 at 3:00 PM UTC.
๐ณ๏ธ Vote with your xSPRK: https://t.co/ghoM3gXkMm
Markets are Quiet.
Gurus are guessing.
Predictions are fiction until proven otherwise.
But yield is yield.
Find juicy APRs on SparkDEX ๐
๐ฐ Up to 60% APR live right now.
Double digits. Real opportunities. ๐
https://t.co/YWOXRzHpsj
๐ฅ Governance Proposal #2 is LIVE.
The SparkDEX DAO is voting on a 5,000,000 SPRK burn.
๐ธ 0.5% of max supply
๐ธ ~25% increase in total SPRK burned
๐ธ Lower future inflation
Voting ends Friday, June 26 at 3:00 PM UTC.
๐ณ๏ธ Vote with your xSPRK: https://t.co/ghoM3gXkMm
SparkDEX is proud to serve more than 41,000 users!
From total volume to TVL and fees generated, SparkDEX's growth milestones all come back to its community.
41,000 users, and growing daily ๐ช
๐ข Learn-to-Earn Rewards Have Been Distributed!
๐ Congratulations! 15 winners who successfully completed all campaign requirements have received 20 USDC each.
To recognize the efforts of participants who actively engaged with the campaign but narrowly missed full completion, we have decided to expand our rewards!
๐ 4 participants (6/7 tasks completed) โก๏ธ 15 USDC each
๐ 13 participants (5/7 tasks completed) โก๏ธ 10 USDC each
Check your @luminite_wallet to see if you've received your reward! ๐
A huge thank you to everyone who joined, learned, and explored SparkDEX V4 through this campaign.
Knowledge gained. Rewards earned. Stay tuned for the next one! ๐
Update on SparkDEX Perpetual DEX โ ๏ธ
Following mitigation efforts, the identified vulnerability has been confirmed. Importantly, there has been no impact on traders, liquidity providers, or the protocol itself.
To address the issue, the SparkDEX team has refactored the affected smart contracts and has initiated a comprehensive audit process to validate the changes. The currently deployed Perpetual smart contracts cannot be migrated or updated. As a result, a redeployment will be required once the audit is completed in order to restore normal trading operations.
Until the new deployment is live, the existing contracts will remain operational with limited functionality.
Traders may continue to maintain or close existing positions, but opening new positions or increasing existing exposure is not permitted. Liquidity providers may withdraw their liquidity at any time. However, SparkDEX recommends waiting until all positions have been either closed or migrated, as there remains a significant amount of unrealized PnL. Once positions are closed, liquidity providers will receive their accrued trading fees as well as any realized profits.
Traders may close their positions at any time.
For those who intend to migrate or continue holding their position, SparkDEX recommends waiting for the new deployment to go live, then closing positions on the current contracts and reopening them on the new deployment. To facilitate a smooth migration, SparkDEX will reimburse the one-time closing and reopening fees incurred by traders who migrate their positions to the new deployment. A further update will be provided once the audit has been completed and a final deployment timeline has been established.
The team appreciates the community's patience, understanding, and continued support throughout this process.
Important Update on Perpetuals ๐จ
During ongoing audits, our Developer Team identified a potential vulnerability in the Perpetuals smart contract.
Out of an abundance of caution, weโve paused:
โข New liquidity inflows
โข Opening new trades
โข Increasing position sizes
This is a preventative measure while we investigate the scope and impact.
More details below ๐
@Clashforcrypto@KingKaranCrypto V3/V4 Pool deposits and Farming Pool deposits remain live and unaffected. The vulnerability is isolated to the Perpetuals product (Perp trading and the Perpetual Liquidity Pool) and does not impact any other SparkDEX liquidity or farming products.
๐ท New Builders Welcome!
SparkDEX is proud to welcome new dApps to the most powerful and innovative Layer 1 EVM anywhere.
With SparkDEX V4 live, plugging into a composable ecosystem liquidity backbone is easier than ever.
Seriously - no better chain to bootstrap than Flare ๐ฅ
New to Flare?
Explore ecosystem projects, tools and important FTSO provider metrics here. โคต๏ธ
https://t.co/1TWfuQcowG
And if you are building something new make sure to submit for listing!
The Sparkdex x Luminite Learn to Earn campaign has officially wrapped up!
A huge congratulations to our 15 winners, selected from the 176 amazing participants who successfully completed all the required tasks! ๐
What's next?๐๏ธ We will announce the reward distribution details early next week, so keep your eyes peeled!
Thank you to everyone who joined the campaign and helped contribute to the continued growth of DeFi.
We appreciate your dedication and support! ๐
@luminite_wallet
#Sparkdex #Luminite #DeFi #LearnToEarn
๐จ SparkDEX x Luminite Learn to Earn is LIVE โก
๐ฐ $1,000 USDC Prize Pool
โฒ๏ธ May 28 to Jun 8
Complete social + on-chain tasks using Luminite Wallet for a chance to earn rewards.
50 fastest users to complete all tasks will receive 20 USDC each ๐
Join now ๐
https://t.co/XQqRr09rNE
If you still haven't heard, the future of DeFi is on Flare.
If you don't get it, read up.
If you get it but your friend needs convincing, read up.
If everyone you know gets it and you just love Flare DeFi, hey - go right ahead and read up ๐
https://t.co/9lcYnbh2kj
Heard of Mysticโs Mind-Bending Multiplier? ๐ง
Itโs called Looping, and it now supports stFLR.
Simply deposit stFLR, receive a wFLR loan, and click "Loop".
@mystic_finance collateralizes your stFLR for more stFLR, amplifying your exposure in 1 click.
https://t.co/zzYbtBBrRH