Drummond ☀️

✅ 300,000 followers by Feb 1 🤑 $30,000 crypto giveaway for 𝕏 followers all year 💜 spread the word, hit the goal, unlock the prize

🚨 The Clarity Act update. Lock in. 😎👇

Soon. May be sooner than you think. Working around the clock. You might want to hit this ↓

@Nebuchadnzzr 1.5 x FLR is required for collateral so the FLR price would actually need to be much higher Coston testing has demonstrated a huge supply shock due to collateral demands too

Is this right?? 20% market cap capture of BTC via FBTC minting will produce a $5.59 $FLR #FLR 🧮

💥 Based on this Post + Hugo's comments today in the monthly Ecosystem call, it seems like June is going to end with a bang! F-Assets on #Songbird? Time will tell!

Thank you to @KoinlyOfficial for this great article covering UK tax on crypto. One scenario I’m confused about: If a person is in the lower income tax bracket and they make huge capital gains are they still only paying 10%? koinly.io/guides/hmrc-cr…

@BestFtso I hold a big bag of NFTp, after reading the docs I’m not sure what role I am expected to play or why… The docs state that the governance token will have $0 value… So what’s the incentive to engage with the project?!

strategysportsnetwork.com More details coming soon!

Is there a date for the next #flarecommunity call with @HugoPhilion ? The community would love to hear how F-Asset tests are progressing on Coston What we sayin John? @CommunityFlare @FlareNetworks @lIllIlllIIIll

@Danrocky @FlareNetworks @CommunityFlare Thank you, dodged a bullet there!!!

@DLTdrum @FlareNetworks @CommunityFlare Yes, scam site. Don't trust anybody who is proactively reaching out to help.

Is flare-database-server.com a scam site?! @FlareNetworks @Danrocky @CommunityFlare

@Danrocky @FlareNetworks Still ongoing… Clearing the cache hasn’t fixed the problem…

@DLTdrum @FlareNetworks Was it resolved ?

Is there a bug on Flare Portal by @FlareNetworks ? Flare portal states that I have nothing staked even though I’m getting rewards and my wallet shows the staking amounts correctly… @Danrocky

I have been looking at the power #Fassets potentially could have on $SGB and $FLR's price. I believe the collateral in SGB and FLR will basically have the same effect as taking them out of circulation, since they are not accessible as long as the collateralized Fassets are on chain. And thats a huge effect, because at these prices it basically means a huge chunk of SGB and FLR are removed from circulation. E.g. my initial calculations I use in my price prediction model, show that only 25 million USD bridged Fassets could consume as much as 1 Billion SGB. That's again going to have a significant impact on Market cap and price.

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@CommunityFlare @tony_morisset Thank you… I still struggle to see why an agent would take the risk of backing an insurance pool (to the tune of 2.5X the F-Assets minted) in return for a small minting fee… Where are the insurance pool funds coming from?!?

The fee for creating F-Assets will be determined by the agents as you say. There will be a point where the risk to reward ratio is not enough, that will be a minimum and the agents will compete for minters. This means it will always be financially beneficial to an Agent because it would not make sense for them to offer a cost lower that what is financially feasible for them. Agents will provide the collateral, some (or many) may even chose to build an interface that allows others to provide collateral too in exchange for a share of the fees the Agent generates. In terms of LayerCake bridged assets, the profits will also be generated by the velocity of the bridge. If there are many transactions bridging assets on / off Flare (at maximum capacity), Hugo suggested expected returns of over 100%.

🚨MUST READ THREAD!🚨 In this long-form Post, we're going to uncover the #FlareNetworks incredible untapped potential - Buckle up, it's going to be wild! It's no secret that Flare is a blockchain built for the future, focused on facilitating: • Interoperability • Decentralised Data Two areas within blockchain technology that will usher a wave on innovation, and it's going to start on Flare! ✨ Interoperability ✨ Bridging assets onto other networks is nothing new... But Flare are building better bridges, a type of bridge we're yet to see in the space via the F-Asset and LayerCake Protocols. Bridges that are: • Fast • Scalable • Trustless • Fully Insured Having such properties for a Bridge is highly desirable and Flare have been working around the clock to bring this to fruition in a "first of it's kind" manner. If something was easy, it would already be done. This is why many of the bridging solutions you see today are the same old multi-sig blueprint, known to have certain vulnerabilities compared to their Flare counterparts. Developers will be attracted by the unique bridging attributes offered by Flare, a network that can host both EVM and non-smart contract compatible assets while facilitating efficient interconnectivity with their originating chain. Because of this, the Flare Network will act as a hub, allowing builders to deploy once and service multiple networks / communities with a signal app. ✨ Decentralised Data ✨ This is where things get spicy. We've already seen the power of the Flare Time Series Oracle (FTSO) data feeds, arguably the most decentralised and accurate oracle in the space. But let me tell you, the party is yet to start with plans to upgrade the FTSO to become a powerhouse in the space and unlock the power of cheap, high integrity, decentralised data feeds. But that's not all... The #FlareNetwork boasts a number of novel data acquisition protocols, namely: • State Connector • Web Connector These protocols allow retrieval of both on-chain and off-chain data, verified by an array of Attestation Providers and made available for use by dApps deployed on Flare. The explosion in use-cases the Flare Network offers is vast, are we're yet to see such applications being deployed... ... But let me tell you, they are being built! Sooner or later, these new generation of applications will highlight the power of Flare's interoperability and data acquisition functionality and draw both developers and users in from across the crypto landscape. Maybe we're here early, but I'd much rather be early to the party that late. Bright days are coming! ☀️

@Tartarygenetics @CommunityFlare @tony_morisset That makes no sense, multi asset collateral is already at risk… Why would agents put up collateral risk plus the insurance pool, a much greater risk? If the flare community have to take the risk then we are all being played, please explain this @HugoPhilion

@DLTdrum @CommunityFlare @tony_morisset They will risk it bc agents earn fees similar to liquidity providers in Liquidity pools. Some digital assets currently do not have passive earning opportunities and Flare's solution provides that.

@CryptoPraetoria @CommunityFlare twitter.com/dltdrum/status…

@CommunityFlare Pray to god we will see fassets and layercake soon

@panosmek @CommunityFlare twitter.com/dltdrum/status…

@CommunityFlare Great thread!☀️

@CommunityFlare @tony_morisset Agents will compete in auctions to win commissions, earning minimal rewards, why would they risk 2.5X value of the F-assets minted? If Flare is the solution to bridges, $billions will come in and have to be backed by 2.5X, who’s assets are providing value to the insurance pool?

Bridges are insured via collateral, in the case of F-Assets this is in the form of multiple assets and then an insurance pool consisting of $FLR (provided by an agent). In terms of LayerCake, collateral is locked up by what we call "Bandwidth Providers". All locked in smart contracts and able to be programatically distributed to those utilising the bridging protocols if required! flare.network/layercake/

I’m sitting pondering where the value comes from for the SGB / FLR insurance pools? If F-Asset collateral is made up of multiple tokens, let’s say $1 billion worth How is the $2.5 billion met for the insurance pool? @timrowley @banker_defi @Moonchaser2020