Danrocky

E.g. supplying FXRP to @Kinetic_Markets lending pools would set you up for a pretty low risk income stream of rFLR, Joule and Kii ✨️✨️✨️ I'm definitely expecting this one to be one of the more popular 💪☀️

1) rFLR received from staking on approved Defi platforms. These are coming from the #Flare emissions program.

2) Native tokens from the Defi platform where you are staking.

#Fassets holders on #Flarenetwork will be highly rewarded. We still have to see what the combined APYs will be, but I'm expecting above what you can normally expect. There are two income streams of rewards as a minimum.

Does $XRP have more potential with utility than $FLR. Absolutely not, quite the opposite. But $XRP has a much bigger community. Do the math and see where $FLR is going 😉

There are several blockchain tokens valued much higher than #Flare $FLR but with a higher circulation supply. The most noticeable is $XRP, which currently has a circulation supply 5 billion higher than $FLR, but the price is 65 times higher 🤯

Essentially, Fassets will turn out to be a major catalyst for #FlareNetwork, bringing in investors, end users, developers, and many new projects☀️

Since Fassets will likely be the center of attention during the 2024-2025 bull run, Fassets have the capability of bringing a significant amount of new end users from other blockchain into the #Flarenetwork and community.

Secondly, end users from bridged blockchains will start to utilize Flare on a more regular basis. For instance, a lot of users from XRPL will start to use Defi protocols on Flare, which could then again spawn a more extensive use of the services and products offered by the Flare Ecosystem.

A growing TVL attracts a lot of attention, not only from developers who would want to build on the #FlareNetwork, but also draw more broad attention to Flare from the broader crypto community.

A growing TVL attracts a lot of attention, not only from developers who would want to build on the #FlareNetwork, but also draw more broad attention to Flare from the broader crypto community.

🧵 #Flarenetwork #Fassets will have a great impact on #Flare $FLR. First of all, Fassets will certainly have a significant impact on TVL on #Flarenetwork, with $FXRP, $FBTC, $FDOGE and $FLTC coming next year.

or guarantee - kind of like when you rent an apartment and need to put down a security deposit. For example, when people create synthetic assets (FAssets) on Flare, they need to put up $FLR tokens as extra backing to make sure everything stays secure.

- The price-feeding system (FTSO)
- The system that lets different blockchains talk to each other (FDC)

2. It's the currency you need to pay for doing anything on the #Flarenetwork (like how you need ETH to use Ethereum)

3. It works as a backup deposit

If you are new to #Flarenetwork, let me explain the $FLR token function and utility.

The $FLR token has three main jobs in the Flare network:

1. It acts like a security deposit that helps keep two important parts of the network honest and running smoothly:

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Check it out 👇

youtu.be/yTaAgnB0Txo?...