Eli5DeFi
Eli5DeFi
FLR+1.53%
XRP+3.65%
➥ What is the FAssets Incentive Program? @FlareNetworks' FAssets is one of the most interesting DeFi primitives, bringing programmability and composability to non-smart contract assets like $XRP, $BTC, and $DOGE within DeFi. ICYMI, Flare has already experienced remarkable growth, with a 5,300x increase in TVL, currently at ~$150M. Building on this momentum, Flare has launched the FAssets Incentive Program to boost the growth and adoption of FAssets. Here are the details: ➠ 510M $FLR (0.51% of the supply) from a total 20B incentive pool will be used to enhance DeFi infrastructure (based on FIP 9.0) ➠ Incentives will be distributed as $rFLR ➠ $USDT0 is live already and a big driver of the TVL surge on Flare. ➠ Key incentive focus will be on protocols like @SparkDexAI, @Kinetic_Markets, and forthcoming CDP and yield primitives This marks just the beginning, as it represents a shift from building infrastructure to activating the ecosystem. So, who's excited for DeFi season on Flare? ☀️
Flare ☀️
Flare ☀️
Get ready ☀️ The FAssets Incentive Program launches with 2.2B FLR to fuel FAssets adoption & bring institutional-grade DeFi to Flare. Validation is clear: Uphold's & ViVoPower's $100M commitments signal prime time for @FlareNetworks, and we're ready to set the stage for XRPFi.
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