The introduction of a secondary reward band is designed to support increased decentralization of the Flare Time Series Oracle (FTSO). The original system only rewarded data submissions that were as close as possible to the vote-power-weighted median price. This resulted in extremely tight reward bands where only about 25% of…

A series of 36 monthly FlareDrops totalling 24.2 billion FLR can be claimed by active Flare community members who have wrapped their Flare tokens. Eligibility criteria A wallet must have held Wrapped FLR (WFLR) for the 23 days before each claim day to be eligible to claim a portion of that month’s…

The partnership signals Flare’s drive to support builders and enhance dApp utility. Covalent, a Web3 data provider trusted by a community of 40,000+ developers and powering data for 5,000+ applications, announced today a partnership with data-focused Layer-1 blockchain Flare to enhance its existing blockchain analytics offerings. As dApp developers and…

February 23rd 2023, Dubai, UAE. The layer-1 for data, Flare, just completed a live demonstration of new interoperability functionality now available in beta on the network. Using two core interoperability protocols, State Connector and Flare Time Series Oracle (FTSO), an NFT was trustlessly purchased with the transaction taking place on…

The Flare community has approved the first Flare Improvement Proposal with a 93% majority and a 17% voter turnout. FIP.01 was designed to better align Flare’s tokenomics with the ambitions of the Foundation to address blockchain’s utility and interoperability issues. …

Dubai, UAE — Wednesday 8, Feb– Interoperable blockchain network Flare has partnered with edtech startup Uppercent to launch an educational marketplace powered by NFTs. …

The objective of the second STP is to support increased decentralization of the Flare Time Series Oracle (FTSO) through the introduction of a secondary reward band. The FTSO utilizes the network structure to deliver highly decentralized prices and data series to dapps on Flare, without relying on centralized providers. The FTSO is supported by almost 100 independent data providers incentivized to provide reliable data every 3 minutes.

The Flare community has approved the first Flare Improvement Proposal with a 93% majority. 15,194 wallets participated in the FIP.01 vote out of the total 89,568 wallets that were active on 21 January for the vote lock block.

Flare is pleased to announce a partnership with blockchain security specialist, FYEO. The firm will perform ongoing security audits of Flare’s codebases, supporting safer smart contract development and helping minimize risk for all users of the network. Rigorous professional auditing and testing are an important part of Flare’s blockchain security strategy. Alongside stringent internal testing measures, ongoing code audits help to establish a level of security assurance to application developers and users on the network.