The AU app has been refreshed - we have reintroduced validator staking, added ability to mint/redeem FXRP & reward auto-claiming (no fee for our delegators & stakers*)!
We're offering zero fee auto-claim for our delegators & stakers who delegate 250,000 FLR or more, or stake 100,000 FLR or more to AU validators.
Enjoy!
In addition to all the existing functionality, you can now stake to a validator and mint and redeem FAssets directly through our new app! https://t.co/cUSgDKNlGa
We’ve also enabled auto-claiming for both FTSO and staking rewards - free when you meet the minimum threshold.
FXRP supply: 149.7M — 88% of the 170M minting cap utilized.
In the last 24h: +1.73M net FXRP minted ($2.37M). One single mint accounted for 1.97M FXRP (~$2.7M) — nearly the entire day's volume in a single tx.
195 mints. 101 redemptions. 5:1 ratio.
FIRE's sole purpose isn't to burn tokens. That is one use case (ie. using accrued tokens to purchase FLR on the open market and burn). It can also be used supplement inflation rewards (such as for validators/stakers) and more. It's worthwhile reading the FIP16 proposal for more info: https://t.co/46GufTcJOg
@Killer_Carne@flaremetrics That's the USD value going down since it shows the spot price of the balances currently held. The FLR/FXRP amounts only go up.
Earned fees from FIRE are now trackable on Flare Metrics - including a LIVE accrual of FDC fees!
- FDC Fees
- FXRP Minting Fees
- FAsset Tag Fees
All these fees contribute to FIRE and you can see it update live. Stay informed, check the metrics.
These numbers will only increase from here. I think it’s important to develop a mindset of incremental improvement, especially around network activity and user onboarding.
Now that FIRE is starting to accrue value, what matters is that each of us makes the most of every opportunity to contribute to Flare’s growth.
@eyrockmusic@flaremetrics Right now they're just accruing in the beneficiary wallets - so nothing is happening yet. Once that happens we'll make updates to reflect the changes.
We've set a new 20M self-bond on validator #4, which gives us the maximum space available.
You can stake with any of our validators via our app https://t.co/R9j5GIyT3b, where you can also activate auto-claim for all rewards, or direct through wallets like @BifrostWallet 🙇
We've set a new 20M self-bond on validator #4, which gives us the maximum space available.
You can stake with any of our validators via our app https://t.co/R9j5GIyT3b, where you can also activate auto-claim for all rewards, or direct through wallets like @BifrostWallet 🙇
I use: https://t.co/W2LG1OzuV8
Then select a validator based on:
Uptime → Passes → APR → Fee → Free Space (is it over subscribed?)
Regarding Passes:
3 passes = strongest position.
Passes are actually linked to the provider’s participation across Flare
A validator can hold a maximum of 3. ✅Make sure that they hold 3 passes
Each reward epoch is roughly 3.5 days on Flare Mainnet. If the provider meets all the required participation conditions for that epoch, it can gain a pass. If it fails a minimum requirement, it can lose a pass.
So:
3 passes = you have a 3-epoch-ish cushion against failures
2 passes = one has been lost recently
1 pass = warning territory
0 passes = significant red flag 🚩
My ideal validator profile☀️
1. Uptime: consistently 99%+
2. Passes: 3/3
3. APR: competitive
4. Fee: reasonable
5. Network stake: preferably <5%
Would love some feedback on Flare Metrics - what do you want to see more of, what is missing or what is wrong? Trying to make FM the #1 place for useful Flare data!
@Tabbakhh That address is the FDC FIRE pool address which is the dedicated reward beneficiary for the allocated FDC fee share. It recently made a claim for epochs 416-424 on the reward manager which is why it looks like a large amount in one transaction.
FXRP net flows flipped negative in the last 24h.
126 mint txs → 143,688 FXRP ($146K)
55 redemption txs → 212,932 FXRP ($217K)
Net: −69,243 FXRP
Largest single redemption: 115,137 FXRP (~$117K).
Total supply sits at 149.36M FXRP. Protocol remains 559% over-collateralised with 0 agents in liquidation.
Data: https://t.co/vW3AZKoTpw