flare systems protocol: News of Flare (FLR) - June 2024 Price Update - 7.39% Breakout Crypto News and Analysis
web developer
Spot the Main Event:
Update on upgraded FTSO Rewards on Songbird Today marks the transition to phase 2 of the Flare Systems Protocol implementation and FTSO scaling on #Songbird, following the approval of STP.06 on March 5th. Changes to FTSO rewards on Songbird: • FTSO rewards will be split evenly (50/50) between data providers running old and upgraded versions. •FTSO reward epochs are 1 week for the previous version and 3.5 days for the upgraded FTSO. Important note for both FTSO data providers and delegators: Automatic distribution every 3.5 days for the upgraded version of the FTSO is planned to be in place by the beginning of July. In the meantime, they will be distributed manually every 2 weeks, similar to staking rewards. The first distribution will be on or around the 20th June. We'll keep you updated on the exact time for claiming them.
Ola VictoriaSpot the Main Event:
Today marks the transition to phase 2 of the Flare Systems Protocol implementation and FTSO scaling on Songbird, following the approval of STP.06 on March 5th.
Ajayi OlusholaSpot the Main Event:
FLARE V2 Transition phase to FTSO v2 Scaling on Songbird begins this Thursday June 6th. You can read more about this important step and its effect on FTSO rewards below FTSO is undergoing a significant upgrade. The first step is the implementation of the Flare Systems Protocol and FTSO scaling on #Songbird, which started with the approval of STP.06 on March 5. This will enable the FTSO to provide developers with up to 1000 data feeds, updated every 90 seconds. The implementation has three phases. 1. We are currently in the trial phase where all inflation rewards are still allocated to data providers supporting the previous version of the FTSO. 2. On Thursday June 6th, we will transition to phase 2. FTSO rewards will be shared equally between data providers supporting the previous and the upgraded versions of the FTSO - 50% for each group
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.