Flare's role is not as a replacement for the XRPL, but as a complementary, programmable utility layer built to extend XRP's reach into compliant, yield-generating finance.
Milestone after milestone at Flare lately ☀️
1M+ voting epochs completed.
80+ independent providers reaching consensus on real-world data every epoch.
Blockchain for data, connecting everything.
Let this sink in:
$55M USDT0 was minted just two days after launch, and almost all of it flowed straight into DeFi.
Today, @FlareNetworks isn’t just a network - it’s a rapidly growing, fully fledged interoperable DeFi ecosystem, ready for XRP holders and builders to dive into. ☀️
The Flare Data Connector (FDC) is live on Songbird (this is powering FAssets). Once it is live on Flare (Q1) then both Songbird and Flare can prove state from each other (and other networks the FDC references eg XRPL and BTC). I’d love to see some Flare<>Songbird bridge proposals against which the foundation can give a grant.
We have recently found our reward rate on our data provider rise into the top 15. It has resulted in our vote power nearly doubling from 35 mil to a bit over 60 mil. With this new found VP we now feel a responsibility to sign rewards as quickly and as regularly as possible. with 60 million in delegation we have made it a priority. If you are delegating to a data provider that has more than 50 mil vp you should check if they are signing for rewards on @FlareNetworks . If you want your rewards promptly and discover your data provider isn't or hasn't signed for rewards, you should think twice about supporting them. There are providers that have 10-20X (over 1 billion) the vote power we have and have never signed. Feel free to find who I am talking about and shame them in the comments.
Perp DEX has arrived at @FlareNetworks! We are looking at you, @SparkDexAI Eternal 👀
Perpetual contracts, or "perps," are among the most traded derivatives in the crypto space.
But what are they exactly? What are the advantages and risks?
Learn about it in the latest 101: https://t.co/g1m4ne60Da
🚨Industry Fights Back on Final “Broker” Rule from IRS🚨
In order to protect DeFi and the digital asset industry more broadly, we sued Treasury and IRS today challenging their doomed rulemaking, which would essentially serve as a DeFi ban.
Along with @BlockchainAssn & @TXblockchain_, we asserted claims that the rulemaking is in excess of the agencies’ statutory authority, is a violation of the Administrative Procedure Act (APA) and is unconstitutional. 🧵
https://t.co/FjF49tGvpt
@Thana_Enosys I'd be curious to see if it's mostly wallets that are typically active on the network or if it's something else. To be paying close enough attention to know to mint that fast, but to also be completely out of the loop on redeeming? That doesn't make sense to me.