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Hey #FlareCommunity,
We are part of v2 data provider and validator on @FlareNetworks.
Welcome to delegate with us, and let us know if you need any assistance. Your support keeps us growing stronger together! 💪
Here’s our Node ID:
0xe3a76233885E355cFaF141D7dd3D92705C9db4D5
2
4
961
uGaenn Validator retweeted
Build on Flare, use XRP and @FlareNetworks data infrastructure underneath, and serve markets far beyond Flare itself. ☀️
Customer-facing platforms spent the past year selling DeFi yield through Earn products, and curated vault TVL grew 26% to ~$10B while lending fell 39%.
One problem persists: when a protocol or vault gets hacked, depositors absorb the loss.
@Firelightfi, incubated by @SentoraHQ, lets XRP holders stake on @FlareNetworks to back cover for vaults, paying out if a protocol a vault deposits into is exploited. It now covers vaults at Kraken, Lido, and Sentora.
Our new report on why Total Value Covered belongs next to TVL: defillama.com/research/repor…
uGaenn Validator retweeted
You don’t need to be an exchange to learn from the Binance hack.
5 habits to start today:
- Never run files from recruiters
- No interviews on your work laptop
- Get tools from official sources only
- Keep API keys off your laptop
- Use multisig on your wallets
uGaenn Validator retweeted
FIP.16 cut annual FLR inflation from 5% to 3%, a 40% reduction.
Fees from FDC and FAssets now flow into FIRE, with more network services to follow. The goal is to replace inflation-funded rewards with network revenue and reduce FLR supply.
More network usage now generates revenue to support the infrastructure securing it.
The July upgrade raised the base gas fee 20x, so every transaction now burns 20x more FLR.
🔥 $FLR Inflation offset by ~13.2% (rolling 30d) 🔥
Once it reached 100%+ FLR is officially deflationary.
I built this tool for the @FlareNetworks community, specifically to monitor this metric.
Are you paying attention?
👉 flareburnmonitor.com/
uGaenn Validator retweeted
⚡️ A reminder of how Flare's infrastructure makes this possible.
It starts with XRP on the XRP Ledger.
Flare's Data Connector verifies XRPL transactions, while FAssets uses those proofs, FTSO price feeds, and collateral to mint FXRP on Flare.
That FXRP can then be staked in @Firelightfi, providing capital that helps cover eligible potential losses in @LidoFinance's vaults on Ethereum.
If a covered incident occurs, an independent risk consortium validates the loss before a payout is authorized.
Lido Earn: Depositors Protection Extended 🛡️
EarnETH and EarnUSD now have two layers of loss protection: @Firelightfi first, followed by the Lido DAO’s loss protection.
No action needed from depositors: protection applies at the vault level.
Here’s how it works:
uGaenn Validator retweeted
One signature from the XRPL wallet you already use. No second wallet, no gas token, and your XRPL account authorizes every step.
@HugoPhilion on Flare Smart Accounts at @kbwofficial.
fsa.flare.network
uGaenn Validator retweeted
Everything is data. Prices, balances, events on other chains, and much more.
Flare is the network that makes that data usable on-chain, so products can be built on it.
XRPFi is the result of one product. Many more can be built with the same foundation.
We'll keep delivering on the data.
uGaenn Validator retweeted
An agent is only as good as the data it acts on.
Flare has two oracles built into the network agents already use: FTSO for price feeds, and FDC for bringing facts from other chains and the web onchain.
The same pair powers FAssets, and more. Next: Confidential Compute.
"In the case of Flare, we are built for interoperability." - @0xQuantic
He says @FlareNetworks enshrined oracles already verify data from @Ethereum and $XRP on mainnet, and the same system can serve AI agents.
I asked him, how AI agents can trust the data they act on.
>How can Flare help an AI agent make sure its DeFi data and executions are trustworthy?
> Could AI agents use Flare to verify events on other blockchains before executing transactions?
> What role could Flare’s Confidential Compute play in letting AI agents process sensitive data privately?
Full Q&A👇
uGaenn Validator retweeted
As tokenized assets, onchain lending and autonomous agents evolve, more financial decisions depend on information that lives outside the blockchain.
Smart contracts need reliable ways to access that information and verify its integrity before acting on it.
Flare provides several primitives for this:
• FTSOv2 delivers decentralized market prices with block-latency updates.
• FDC verifies transactions and events on external blockchains.
• Flare Confidential Compute, currently deployed on Songbird, enables verifiable results from computations involving private data.
These capabilities allow developers to incorporate external information directly into application logic, from collateral management and cross-chain payments to automated financial operations.
As applications become more autonomous and interconnected, how they obtain and verify information becomes an increasingly important part of their security.
Explore the Flare developer ecosystem:
dev.flare.network/
uGaenn Validator retweeted
Cover on a @krakenfx vault, backed by staked FXRP.
XRP, made programmable through FAssets, now backing protection for the capital in that vault.
Firelight currently provides $38M in total coverage across three vaults: @krakenfx Protected Strategies USDC, @SentoraHQ’s USDC Protected Vault and RWA Protected Vault.
Coverage is written in 30-day periods. Early unstaking burns the associated stXRP and stops further emissions. Any remaining staked FXRP becomes available for withdrawal at the end of the next period.
Head to our official documentation for more details. docs.firelight.finance/
uGaenn Validator retweeted
The @binance theft started on a CEX. Within the hour, DeFi saw frozen markets, stablecoin discounts on DEXs and $1.59 billion in net outflows from lending protocols in one day. No bad debt was reported.
We look at how fear spreads faster than losses, and why cover is the missing primitive in DeFi.
uGaenn Validator retweeted
Firelight uses Flare's infrastructure to bring XRP into DeFi and put it to work as capital backing protocol cover.
FDC supports the verification of XRP transactions, FAssets makes that capital available as FXRP, and FTSO supplies pricing data on Flare used by Firelight's contracts.
The resulting cover can protect DeFi vaults operating on other blockchains
uGaenn Validator retweeted
How Flare uses data to expand what capital can do.
Make the latest report from @defillama_res part of your weekend read.
Full report ↓
defillama.com/research/repor…
uGaenn Validator retweeted
Collateralize XRP. Borrow stables. Deploy them elsewhere.
@HugoPhilion explains the demand he's seeing for XRPFi with @CoinDesk at @RippleSwell.
Full video interview on YouTube ↓
youtube.com/watch?v=nudFi22F…
uGaenn Validator retweeted
The weekend is approaching, and we know many of you will be using the time to make progress on your projects on Flare.
A quick reminder from our team: keep the Developer Hub close. You’ll find technical guides, examples, and references to help you build and make the most of Flare’s capabilities.
Happy building, everyone! ☀️
dev.flare.network/
uGaenn Validator retweeted
BlockchainReporter picked seven ecosystems helping builders get from hackathon to Mainnet.
Casper Forward is one. 28 builders in cohort one, out of the Agentic Buildathon.
→ blockchainreporter.net/beyon…
uGaenn Validator retweeted
XRPFi is one example of what Flare’s data infrastructure can enable. But there’s more.
FTSO and FDC bring verified market and external data onchain. FCC adds confidential computation, opening up markets that can’t run on public data alone.
Catch Hugo today at Swell.
Today at 2 PM: Flare CEO @HugoPhilion will be speaking at @RippleSwell.
Come hear how XRP DeFi on Flare has come together, and what it does today.