Epoch 400 saw the first reduction in FTSO rewards as a result of FIP.16 changes, specifically the reduction in inflation from 5% to 3%.
This means average network delegation (FTSO rewards) APR has dropped from ~7% to ~4%.
Staking rewards have also been reduced. Some of you have already noticed, and the rest no doubt will when the next full (4 epoch) distribution is made on or around June 3rd.
We’re expecting an official announcement soon regarding the signing weight adjustment, which will see a higher weight assigned to P-chain stake, initially set at 5x relative to C-chain power.
This will further reduce delegation APR and shift a larger portion of rewards toward staking. With staking already yielding roughly 2x delegation APR, these changes will make staking considerably more lucrative relative to delegation.
Current Delegation v Staking rewards comparison;
If you held an active stake during epochs 394-397 you can now claim your rewards.
Thanks to all who choose to stake with any of our four validators, we appreciate your continued support. 🙇♂️
Keep an eye on these numbers. We expect to see an increase in staking as more of the changes from FIP.16 are implemented.
Or get ahead of the game and start staking now.
I just minted FXRP directly to Flare from @krakenfx@krakenpro
Have you?
It was super simple. Give it a go!
Buy a tag on any of the FXRP minting apps and follow the very simple instructions.
You can do this from any exchange that supports XRP.
FAssets v1.3 is live on mainnet.
Minting FXRP = one XRPL transaction.
Reserve a destination tag once, and every mint after is just an XRP withdrawal. Works from any exchange — Binance, Kraken, OKX, Upbit, Bithumb, all of them.
Billions of XRP are sitting on CEXs. @FlareNetworks is the only chain that reaches them in one step.
Mainnet is close.
FAssets v1.3 — direct minting, tag-based routing, governed flow.
Details land next. Read up on it on the Dev Hub.
→ https://t.co/qbIgXkzF8Q
Find your local Flare community on https://t.co/O1fHr78swW. ☀️
Connect with passionate Flaresians near you and around the world!
https://t.co/nLRDGf0klV
We're building the future of XRP DeFi 🔥
@PaulWavelength breaks down our partnership with @FlareNetworks and the new features coming to help you level up your XRP.
One year of USDT0 on @FlareNetworks.
Over $800M moved by 160,000+ users.
Powering XRPFi on Flare with unified liquidity of the world's largest stablecoin.
Our minting app has been updated to support FAssets v1.3 on Songbird.
No longer need to select an agent or make reservations and mint any amount (no more lots!).
We’ve noticed an increase in scam accounts posting below our official updates.
There’s no extra rewards offered, no bonuses, no claims outside of the normal.
Any posts with links telling you otherwise are fake.
Don’t be greedy. Being greedy might cost you everything.