flare: News of Flare (FLR) - June 2024 Price Update - 7.39% Breakout Crypto News and Analysis

Explore the Core.

Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing dapps to serve multiple chains through a single deployment.

Spot the Main Event:

Digital asset custodian Hex Trust Group, with billions in assets under custody, has announced the first native stablecoin on blockchain for data, Flare. The 1:1 U.S. dollar referencing USDX is launching with a dedicated Clearpool vault that enables holders to earn a real world yield. Developed by HT Digital Assets, Hex Trust’s tokenization ecosystem, USDX will provide a vital DeFi primitive on Flare, with backing maintained at a steadfast 1:1 ratio against the U.S. dollar or equivalently valued assets. These reserves, which primarily consist of 1-3 month T-Bills, are securely held by regulated tier-1 financial institutions, ensuring that holders can place their trust in the value and resilience of the stablecoin.

Donmello

Explore the Core.

Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing dapps to serve multiple chains through a single deployment.

A dedicated learner!

Spot the Main Event:

Announcing their governance voting for the FIP to enable fast updates on flare as part of the FTSO v2 which is now live according to the team.

To God be the Glory

Explore the Core.

Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing dapps to serve multiple chains through a single deployment.

Spot the Main Event:

Digital asset custodian Hex Trust Group, with billions in assets under custody, has announced the first native stablecoin on blockchain for data, Flare. The 1:1 U.S. dollar referencing USDX is launching with a dedicated Clearpool vault that enables holders to earn a real world yield. USDX will serve as a building block for the emerging DeFi and bridging ecosystem on Flare. In addition to being utilized in applications including lending and borrowing protocols or perpetual futures exchanges, USDX can also be staked to a dedicated T-Pool, created by Clearpool to offer real world yield. Users will be able to stake and unstake at any time without lock-up periods, maximizing returns through both the base yield and bonus FLR incentives. Staking USDX on Clearpool returns cUSDX, which can be used as collateral in Flare Labs’ FAsset system, supporting the use of non-smart contract assets such as BTC and DOGE in DeFi on Flare.

Explore the Core.

Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing dapps to serve multiple chains through a single deployment.

Explore the Core.

Flare (FLR) is a layer 1 blockchain based on the Ethereum Virtual Machine (EVM) that aims to potentially enhance the utility of blockchain technology. It seeks to offer developers decentralized access to high-integrity data from other chains and the internet, thereby enabling new use cases and monetization models.

Spot 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

Trade hard. Joy is coming

Explore the Core.

Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing dapps to serve multiple chains through a single deployment.

Spot the Main Event:

The eagerly awaited FAssets Open Beta is kicking off on the Coston testnet, starting with a phase dedicated to agents and more technical operators. A retroactive airdrop is planned to incentivize participation in the full FAssets roll out, starting with the open beta on Coston, and finishing with the launches on Songbird, Coston2 and Flare.

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