Flare Network Tutorial Wrap FLR Delegating & Staking Redo
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- Опубліковано 24 чер 2024
- The purpose of this video was to provide a quick tutorial on how to Wrap FLR to start earning delegation rewards, choose best FTSO to delegate to and the how to Liquid stake your tokens to begin earning 50% APY on average while still using your sFLR in the ecosystem for things such as a collateral provider.
Links in video:
app.flareoracle.io/flare
* wrapping FLR and finding the best FTSO to Delegate to weekly (two times a week- Saturday and Wednesday to be safe))
Learn about Fassets in FLARE: & Collateral Provider opportunities - docs.flare.network/tech/fasse...
Learn and start Liquid staking with sceptre -
app.sceptre.fi/flare/dashboar...
Learn and start participating on the open beta for Fassets now:
coston-fasset-mint-demo.flare...
Collateral Provider Benefits.. why support Fasset protocal ?
This video covers how and why Fassets will be huge for us Flare FLR token holders. We not only will get up to 50% APY (airdrops/staking/delegating) but will be able to use those tokens to earn more free crypto by providing FLR as a collateral for minting Fassets. The rewards are paid out in the crypto being minted so if I'm providing collateral for FXRP minting, then I will get fees paid out in FXRP. So I"m getting free crypto for using my FLR as collateral. Crazy... then I can use that crypto earned to get more FLR tokens since Fassets earn FLR rewards on Flare automatically. Then I can use those FLR rewards to earn more and do more collateral etc. Wow, hold on folks, this is going to be a fun ride with Flare Networks.
Flare and songbird are protocols that will soon make a lot of people very rich. This is not financial advice. This is just looking at what you go in the fire network team are building. If you are doing your research, you will see that they are converting Web3 to a daily scans and integrating it with went to With a daily use kids using Whole Foods using machine learning, and there is so much more coming. Fassets will be huge. It will bring so much liquidity to flare ecosystem, and that’s just the beginning of the potential’s for passive income etc. This is not financial advice, but it is highly irresponsible. If you don’t have a little bag of FLR & SGB 
We have to start thinking about a sleeping giant, that is fire with the oncoming F asset, the recent launch of USDX, stable coin, the recent launch of scepter and their sFLR aka liquid staking FLR functionality we are looking at a continual loop of yield bearing capabilities for the Flare and Songbird tokens
#FlarEDUcation Moments
Learning about: APY passive income
@FlareNetworks #FLR #Flarecommunity #Songbird #FlareNetwork #SGB $FLR
Great Video Thanks for all you do for all of us.. Looking forward to a video on Enosys, because THEN we WILL HAVE SFLR ..
We are in your class. and your teaching us....
Thanks again
Great suggestion! I have lots in Enosys.. I will spin up something on Enosys for you no problem. Thanks for the idea. Its one I've been playing with for a while. That's my weekend project !!! I'll have it up by sunday or before.
Another great video thank you!
Something else that is VERY IMPORTANT- If you change your delegation mid cycle you will lose out on rewards. The BEST time to change your delegation so that you don't miss out on any Flaredrops or weekly rewards, is the 25 hour period beginning immediately after the monthly Flaredrop. The Flare drop happens at 8am so you have from then until 9am the next day to make your change.
I like to use the solidify app because it the phones in UTC times when the delegations must be made.
How does it work?
Make sure the delegation slots are filled before each Wednesday 1:00 AM UTC and Saturday 1:00 PM UTC
At a random time between Wednesday 1:00 AM and Thursday 7:00 PM and between Saturday 1:00 PM and Monday 7:00 AM a snapshot will be taken to lock in your delegation vote
And thx so much for the feedback!!! Much appreciated comments. Feedback and sharing of info on your posts !!!
Great post bro…
I’m your 112th subscriber…all the way out in Japan…
I staked my flare the other day despite no audio on the previous post…😂😂😂
Glad you got things working… Next up!!! A ring light🤣🤣 You need a ring light…maybe a dimmable right light so camera doesn’t switch from dark to light….😂
Great post!!! Keep up the great work…
Haha. Thanks much 112. !! Appreciate you subscribing and the feedback. Glad you were able to stake despite the audio snafu I had. Apologies but glad you were able to make it work! I’ll work on that lighting for sure. Thx for letting me know about that one as well. Thx again and so cool you’re in Japan. It’s in my bucket list to visit soon. Wen FLR moon -:). Cheers
Good Vid as usual
Thank you so much. Appreciate you watching and commenting on it as well !!!
Great video. I’m just really concerned about the 10%fee that’s a lot. Will that 10% be against my original investment of from the rewards that I accumulate? Thanks 🙏🏽
10% of the reward
That’s a great question. Sceptre just recently posted something about that. Let me read up and clarify actually.
@@steve-thehomeloanexpert964 that’s you are appreciated
It’s 10% of the total rewards. Staking and your airdrops. It’s an important consideration if you don’t plan on keeping the staked amount for passive income.
You are right Aeromender and thanks for sharing. I just had a chance to find actual verbiage too.
What happens when I unstake from Sceptre?
To unstake, return your sFLR to Sceptre. After a 2-week (14.5-day) unstaking period, you will receive your original stake in the form of wFLR. You also receive proportional rewards accrued during the staking period minus a 10% fee on the rewards. source: www.sceptre.fi/post/unstaking-from-sceptre
I don't see the confirmation requests in my Bifrost wallet..waiting to confirm on Scepture.... any help?
You should see sFLR in the scepte app.. and they will eventually show up on bifrost too if you've swapped them successfully
@@steve-thehomeloanexpert964
good 2 GO
What kind of returns will fxrp return I wonder
Fxrp will bring immediate yields in terms of free FLR tokens. Those tokens will bring rewards via staking and delegations as well as collateral rewards.
Then you will be able to lend FXRp out on kinetic as well soon. That will bring back yields. Additionally, you’ll be able to use it as a liquidator and collateral yielding more FLR in fees.
The return for minting xrp to Fxrp is exponential and really hard to calculate once you consider compounding effects of rewards.
When do you think SGB F-assets will go live? Hopefully not far away.
That sounds promising