Punk Palace

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Punk Palace

Punk Palace

@PunkLaDefi

The Future is Unwritten. I just like to share my thoughts and projects that I like. This is no FA.

Katılım Nisan 2024
517 Takip Edilen142 Takipçiler
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Moonchaser ☀️🪝
Moonchaser ☀️🪝@Moonchaser2020·
📣 DeFi needs this badly! @Firelightfi is essentially building an insurance layer for the whole digital asset space. Monitoring risks across tech, finances and operations, backed by external capital and real-time AI analysis. It will price risk, absorb losses when things fail, and provide a clear, capital-backed signal of what’s truly safe. Oh, and a kind reminder: Firelight is built on Flare ☀️ $FLR
Jesus Rodriguez@jrdothoughts

x.com/i/article/2036…

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Flare ☀️
Flare ☀️@FlareNetworks·
Stake $FXRP on @Firelightfi, receive $stXRP. Once you hold $stXRP here’s what you can do with it across DeFi on @FlareNetworks 🧵👇
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LightFTSO ☀️
LightFTSO ☀️@lightFTSO·
There's been a power outage due to heavy rains in the area. Our data provider is currently down, we expect our services will be resumed shortly. Sorry for the inconvenience, hopefully it won't last long. If you have any questions or comments don't hesitate to talk! Thank you
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Joe Alvarez💎
Joe Alvarez💎@FlareMafioso·
THE PEOPLE SPOKE… 💥 $500 IN $FLR AT 5K FOLLOWERS 💥 We’re not slowing down… we’re leveling up 🔥 When we hit 5,000 followers, one of you is walking away with $500 in $FLR 💰 👀 You already know the drill: ✅ Like ✅ Comment ✅ Repost ✅ Follow @FlareMafioso Make sure you’re following — winner will be picked from the community 💎 Let’s run it up 🚀 $XRP #FLR #XRP #Crypto #Giveaway
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Digital Dynamix
Digital Dynamix@_DigitalDynamix·
🪂 $DYNMX Airdrop Incoming! [BE READY]🚀 The #DigitalDynamix Validator is almost full and the DYNMX snapshot is occurring within the next couple of weeks. As there is a minimum of 2 weeks duration when Staking, and with our Validator self-bond closing in just over 2 weeks, the opportunity to be included is running out. At the start of next month, Digital Dynamix starts a new self-bonds staking period for 3 months with massively boosted capacity. Same great infrastructure + unique staking rewards for our family! ✅ Standard $FLR Rewards ✅ $DYNMX Airdrop 🤔 + ???? We're not here to do as everyone else does, we're here to do extra and that's exactly what we will do. New staking period *April 1st*. Save the date and be ready, we're expecting it to fill fast! portal.flare.network/staking
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Joe Alvarez💎
Joe Alvarez💎@FlareMafioso·
🚨 ROAD TO 1,000 FOLLOWERS 🚨 We’re currently at 543 followers and growing fast When we hit 1,000 followers, I’m giving away $100 USD worth of $FLR to one member of the community☀️ How to Enter: ✔️ Follow @FlareMafioso ✔️ Like & Repost ✔️ Comment FLR Winner announced when we hit 1,000 followers Let’s grow the $FLR community together 🔥 #FLR #FlareNetwork
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Hugo Philion
Hugo Philion@HugoPhilion·
So many ways to use your XRP on Flare. This is what I mean by end to end ecosystem.
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Burst Labs ☀ Flare, Songbird
Burst Labs ☀ Flare, Songbird@Burstnodes·
We're giving away 5k FLR to 5 winners to celebrate posting TWO new "Flare in 90 seconds" videos about building on Flare. How to enter the 5x5k FLR giveaway: ✅ Follow @burstnodes on X ✅ Subscribe to @Burst_labs on YouTube Bonus entries: ➕ Follow us on TikTok @flare.in.90 ➕ Sign up for the DEX beta at burstlabs.io/dex ➕ Share any YouTube video (+1 per share) Watch now👇 @Burst_labs" target="_blank" rel="nofollow noopener">youtube.com/@Burst_labs and stay tuned for an announcement tomorrow about our community giveaway.
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Punk Palace
Punk Palace@PunkLaDefi·
@FlareNetworks @Ledger @Firelightfi stXRP Is the liquid staking token from Firelight on the Flare Network. When you stake wrapped FXRP you will receive stXRP in return. And can be used in Flare DeFi. Earns yield through points and future insurance rewards, letting you keep exposure to XRP while generating returns.
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Flare ☀️
Flare ☀️@FlareNetworks·
We’re giving away @Ledger wallets to anyone who can explain $stXRP is in one tweet. No fixed format. No fixed length. Just fire content. Tag @FlareNetworks and @Firelightfi so we see your tweet.
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Flare En Español
Flare En Español@flareenespanol·
El equipo de ingeniería de Firelight ha estado preparándose para el próximo aumento de cap. Como parte de este trabajo, hemos implementado varias mejoras en nuestro sistema de puntos. Algunos usuarios han notado cambios en las asignaciones recientes de puntos debido a esto. Esto es esperado y se debe a dos actualizaciones: 1. Puntos retroactivos por despliegues compatibles de STXRP
Hemos otorgado puntos de forma retroactiva a los usuarios que desplegaron STXRP en protocolos compatibles. 2. Corrección en los cálculos de puntos de finales de diciembre
Identificamos un problema que afectaba la asignación precisa de puntos durante las últimas semanas de diciembre. Esta actualización corrige el cálculo y el total de puntos ahora es completamente preciso. ¿Cómo se Otorgan los Puntos? Los puntos se obtienen en función de la actividad elegible dentro del ecosistema de Firelight. En general, ganas puntos por mantener STXRP y por desplegar STXRP en protocolos compatibles. Algunas actividades pueden recibir un impulso (boost) específico según el protocolo, mientras que otras actividades pueden excluirte de recibir puntos. A medida que nos acercamos al próximo aumento de cap, estamos agregando soporte para nuevos protocolos y compartiremos una lista actualizada de los protocolos compatibles a principios de la próxima semana.
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Flare En Español
Flare En Español@flareenespanol·
Tras un informe de un socio de seguridad, el bridging de FAsset se ha pausado temporalmente. Esta es una medida preventiva para proteger los fondos de los usuarios y de los agentes; no ha ocurrido ningún exploit. Se está preparando una actualización del contrato que se desplegará en breve tanto en Flare como en Songbird. Se proporcionará comunicación antes de la actualización. No se requiere ninguna acción por parte de los usuarios. El core vault ha sido aislado para proteger los fondos.
Hugo Philion@HugoPhilion

Following a report from a security partner, FAsset bridging is temporarily paused. This is a proactive step to safeguard user and agent funds, no exploit has occurred. A contract update is being prepared and will shortly be deployed on both Flare and Songbird. Communication will be provided before update. There is no action required from users. The core vault has been isolated to protect funds.

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Jesus Rodriguez
Jesus Rodriguez@jrdothoughts·
In a conversation yesterday, I got asked about @Firelightfi differentiators relative to traditional insurance companies. The answer is not what @Firelightfi is today but what it will be if we are sucessful. The north star is to make DeFI insurance programmable and risk transfer a core DeFi primitive. In DeFi, we talk a lot about "Money Legos." We have successfully built primitives for Swapping (Uniswap), Lending (Aave), and Bridging (LayerZero). But if you look at the stack, we are missing the most critical Lego block of the entire financial system: The Risk Transfer Primitive. Right now, insurance is a "Service." You have to pause your workflow, go to a separate website, fill out a form, and buy a policy. It is slow, manual, and completely disconnected from the execution layer. It is an "offline" process in an "online" economy. The @Firelightfi Vision: We are refactoring insurance from a Service into a Protocol. When you make risk programmable—when you turn "safety" into an API call—you don't just get better insurance. You unlock entirely new categories of applications that are mathematically impossible to build today. Here are three things developers can build on top of Firelight once risk is a primitive: 1. The "Auto-Reject" Wallet (Infrastructure Level Safety) Imagine a crypto wallet that doesn't just blindly ask you to sign a transaction. Instead, it queries the Firelight API in the background: "Is this protocol currently solvent?" If Yes: The transaction executes instantly. If No: The wallet throws a "High Risk" exception or auto-rejects the signature.The Unlock: This moves safety from the "User Layer" (expecting grandmas to read whitepapers) to the "Infrastructure Layer." We stop blaming users for getting rugged and start building guardrails into the browser itself. 2. The "Synthetic Risk-Free Rate" (Institutional Savings) Right now, a yield vault might offer 8% APY. But that 8% comes with an unknown probability of total loss ($P(R) > 0$). Institutions cannot price this. With Firelight, a developer can build a "Wrapped Vault." Input: 100 USDC. Strategy: Deploy to Curve (8% yield). Hedge: Programmatically buy Firelight Cover (1% cost). Output: A "Net 7% Risk-Free Yield."The Unlock: This creates the "Synthetic Risk-Free Rate" of crypto. It allows us to build savings products that compete with US Treasuries, not just other casinos. 3. The End of Over-Collateralization (Credit Expansion) The "Over-Collateralized" model (deposit $1.50 to borrow $1.00) is a bug, not a feature. It exists only because lenders have zero recourse and zero insurance. If a lending protocol integrates Firelight, they can use our Default Insurance to dynamically lower collateral requirements. User A (Uninsured): Must post 150% collateral. User B (Insured): Only needs to post 110% collateral because the tail risk is capped by the protocol.The Unlock: This is the bridge to Real World Lending. You cannot fund a supply chain or a mortgage with just crypto collateral. You need insurance to fill the gap. The Ultimate Vision We are moving from a world where risk is "implicit" (you guess) to a world where risk is "explicit" (you price it). The ultimate vision for @Firelightfi is to make insurance programmable, composable, and permissionless—just another line of code that any developer can import to harden their application. We are building the primitive. You build the economy.
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