TL;DR -> Flare Finance will be launching an Experimental Finance (ExFi) platform on the Songbird Network. It will include FlareX, FlareFarm, and FlareLoans. It will not include governance until main network launch, at which point, holders of $SGB and $FLR will receive both $SFLR and $DFLR on each respective network. You will be able to participate and earn a bit of $DFLR for using the ExFi platform leading up to launch of the main network platform.
In this document we will discuss the Open BETA Reboot Schedule, How to Connect to Coston 2, How to Add Test Network Tokens, Starting Token Balances and Reward Structure.
The faucet is now open!
Get your test tokens here: https://faucet.flr.finance/
IMPORTANT: Flare Finance is currently being built on an experimental test network, and due to our rapid growth, that may result in API limitations and other barriers to enjoying the full potential of Flare Finance during it’s test phases. Coston 2 is undergoing constant updates and there will be times where transactions can be left pending for extended amounts of…
In this document we will discuss the token distribution, product suite, profit generating mechanisms and governance staking incentives implemented into the Flare Finance Ecosystem. This will include an overview of the following topics:
- Token Distribution
- Product Suite and Ecosystem Map
- FlareX
- FlareFarm
- FlareWrap
- FlareLoans
- FlareMutual
- FlareMine
- APY Cloud
- ESB Distributions Protocol
- Excess Distributions
- Stressed Distributions
- Bond Distributions
Token Distribution
Now that everyone has had an opportunity to get familiar with the FlareX, Flare Farm and FlareWrap we’re happy to announce the Open Beta Contest start time is:
Wednesday March 10th 12 PM PST — March 24th 12 PM PST
Starting balances are as follows:
1000 FXRP (Coston Network)
1000 YFLR (Coston Network)
1 FLTC (Coston Network)
10000 FDoge (Coston Network)
500 USDT (Ropsten Network)
Please use the Coston faucet and ensure your Metamask wallet is connected to the Coston Network to claim your Coston token airdrop (FXRP, YFLR, FLTC and FDOGE).
Please use the Ropsten faucet after switching your Metamask wallet to Ropsten Network to claim your USDT distribution then use…
Before the contest begins here’s a quick breakdown of the Samurai NFT collection. Each Samurai NFT version features a custom card, video, and soundtrack, but they all carry the same benefit. Samurai NFTs can be staked in a pool that holds 1% of the Teams Profits. Doing so earns them their share of that pool for every second they are staked in it. As the Flare Main Network has not yet launched we have minted the series on Ethereum using https://rarible.com/.
BETA NFTs will not be sold by the team only gifted to participants of our beta contests. If you…
Welcome to the Flare Finance Open BETA Program.
We’re glad you could make it!
This summary will cover:
- A brief recap of our progress since launch.
- A “How-To” on Wallet Setup and a quick FAQ.
- A Tentative Beta Schedule.
- Awards, Prizes and Free Assorted Crypto Airdrops.
Progress Recap
Since launching publicly October 2020, we have amassed just under 50K pre launch. 28.9K followers on our main twitter page, launched the first block explorer (FlareScan) on Flare Network , 9K followers on FlareScan, 7.8K on Discord and 3.4K on Telegram.
- Connecting to Coston does not work on Firefox Browser
Follow this guide to get set up for the BETA Test/Contest.
- In order to interact with Smart Contracts of Flare you download Metamask . (https://metamask.io/download.html)
2. After installing MetaMask create a new wallet. Don’t forget to record your private keys as MetaMask is non-custodial if you lose your keys, your wallet can’t be recovered.
3. Now that we have MetaMask installed we must connect MetaMask to Flare’s Coston Test Network. Click the MetaMask icon in the top right corner of your browser.
Below you will find a collection of frequently asked questions directed at the Flare Finance Ecosystem. If any further clarifications are needed, please reach out to us on our of our social networks and we will be sure to add it in.
Flare Finance FAQ
What is Flare Finance?
Flare Finance is the first institutional grade decentralized finance platform being built on the Flare Network. It will deliver 6 industry proven products to the Flare Ecosystem consisting of trading, yield farming, stable currency, loans, insurance, and yield mining. All together, Flare Finance will promote a truly decentralized financial ecosystem with a widely diverse…
A Brief Introduction to Flare Finance
Welcome to Flare Finance
We’d like to start off by thanking all the participants of our initial giveaway contest. Although cryptocurrency giveaways have a very negative stigma (for good reason), on a base level rewarding potential users in our direct target market to share the project with other potential users makes the most sense of all. We will continue to use cryptocurrency to incentivize network expansion with publicly verifiable giveaways to utilize direct to consumer spending to create a net positive impact for both parties.
We would also like to reaffirm the fact that…
Flare Finance
Decentralized Finance Platform on the Flare Network
