#flarenetwork

MrFreshTime's profile picture

Fantastic post DansBlock they both being complementary. I find it very interesting your suggestion to borrow against $LS-XRP for $FXRP because in this very recent interview with Flare ☀️ Flare’s Head of Ecosystem, Max, he mentions $FXRP can be staked on #FlareNetwork in the Liquid Re-Staking protocol to earn Fees from AVS and ALSO receive another token representing the Staked $FXRP. It seems like there’s some enhancement to f-asset collateral system, too! Making it more capital efficient. It’s looking like there’s some integrations with FAsset system and the ability for native XRP staking on XRPL and user receives a LS-XRP 1:1 to XRP in Flare DeFi Dapp ecosystem to earn yield while since earning the Fees from original deposited XRP staked on XRPL from AVS services. But then there’s the FXRP staking on Flare, too And the icing on the cake is that we will soon have our own AI Agents acting on our behalf to execute different DeFi strategies based on our defined set of parameters enforced by a smart contract. And the PMW TEE’s, Verifiable off-chain compute and Relayer service relaying FTSO prices , Web2 or other platforms blockchain State Data to Dapps on other Networks. This all is elevating Flare with super powers that no other chain or anyone can replicate opening Flare to be a DeFi Hub amongst many Chains. It’s so important everyone understands that we are coming to the end of the 36 Month Distribution phase and the launch of Flare’s Data Protocols full capabilities Very exciting times ahead for Flare ☀️ Extending the capabilities with TEE’s for verifiable compute and protocol managed wallets is a HUGE DEAL and for people who complain about where is FAssets? It’s coming but by Flare enhancement of data protocols and the new extensions will ultimately far outweigh weigh the couple months longer we waited for FAssets. Get familiar DYOR These are highly advanced protocols that are being engineered for the benefit of all FLR token owners as it will inevitably lead to significant advantages for Flare Network to become a Utility Hub for other Chains. I’m very impressed with these enhancements, Thanks 🙏 DansBlock

Mickey_B_Fresh☀️🪝

12,435 Aufrufe • vor 1 Jahr