Alternatively, holders can delegate their FLR to a data provider to earn a portion of the generated rewards.įlare also features the State Connector, which is a protocol for acquiring data from external blockchains and using it on Flare. FLR token holders can provide data to the FTSO, and receive “oracle rewards” if they provide quality data. To obtain off-chain information such as prices of cryptocurrencies on various centralized exchanges, the Flare Network utilizes the Flare Time Series Oracle (FTSO). Here are all the different assets for which Flare plans to offer the corresponding FAssets: For example, the BTC equivalent on Flare would be called FBTC, the XRP equivalent would be called FXRP, and so on. This can open up exciting new decentralized finance opportunities for holders of coins such as Bitcoin, XRP, Litecoin and Stellar.įlare achieves this through FAssets, which are representations of coins on other blockchains.
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