

Jabberwock
2.1K posts




The one Flare bro who’s been printing FXRP the whole time: "did someone just say XRP?"

More integrations keep happening organically, improving our ecosystem and DevEx. A good sign that builders are here to stay and keep growing.





A new governance proposal is live: Introduce $FLR Value Capture Framework What it’s about: • Lower inflation: Annual inflation falls from 5% to 3%, and the yearly inflation hard cap drops from 5B FLR to 3B FLR. • Stronger fee burn: the base gas fee rises 20x, from 60 gwei to 1200 gwei, resulting in est. 300M FLR burned per year at current transaction levels. • Protocol-level revenue accrual and FIRE setup: Establish a framework to collect flows from protocol fees and captured MEV from DeFi activity on Flare with scope to further reduce annual inflation. proposals.flare.network/FIP/FIP_16.html




Here is the map, you can interpretate this info however you want


I am confused as to why I have so much staked on @Firelightfi If the points don’t mean prizes and I’m putting my XRP into their vault (in decent size), why am I taking this risk / trusting them with my XRP for nothing. I think I am going to unstake unless I’m not understanding correctly? Why would I have it staked?

Update on the @Firelightfi situation. The firelight team reached out to me and we’ve had a talk. This verbiage below was specifically advised by their legal department. This was confirmed to me directly by their firelight team. Legally it’s very difficult for a project to say anything other than the below, promising a return of monetary value can create legal issues (think ripple and their $XRP security case). I’m reading between the lines here and thinking (after our chat) that points do in fact mean prizes. And I will restake my $FXRP to $stXRP following our chat. For an idea on what the points might become, if we go along the lines of other previous defi applications we probably have a good idea 👀 It’s up to you guys to make your own conclusions from this, because even in our conversation nothing was explicitly confirmed. I’m just relaying the information accessible to me.

