Ash W ☀️ @banker_defi Twitter profile

Pinned Tweet

Ash W ☀️

4 months

Excited for what’s to come on Flare. Let’s see that idle liquidity from BTC and XRP enter Flare’s economy. Let’s see how users feel when they’re earning multiple yield streams. FAssets’ open market of insurance and collateral providers, maintains a supply-demand based fee to

Ash W ☀️

@banker_defi

5 months

FAssets was one of the core reasons I became deeply interested in @FlareNetworks . It will bring genuine utility (finally) to XRP, BTC and other assets. Especially XRP, which I’ve had to significantly reduce my exposure to simply because the opportunity cost was too high. Sure

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Ash W ☀️

@banker_defi

2 years

While some entitled FLR claimants obsess over tokens (😢), here's a concise summary of sequential events that Flare citizens (☀️ ) should keep in mind Timeline 🧵👇

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Ash W ☀️

@banker_defi

2 years

Flare as a network for its citizens: ☀️ How I see Flare - explained in really, really simple terms 👇 🧵 Fun thread, good read

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Ash W ☀️

@banker_defi

2 years

Report #2 - A comprehensive tokenomics model on Flare + analysis: No point in delaying release for 🎄, here it is. Enjoy

Report #2: Analysis of Flare's updated tokenomics - a comprehensive model

This report brings to light the token numbers that the Flare ecosystem could expect, from TDE through to 36 months after. Based on the available information revealed in Flare's FIP01 blog and the...

bankerdefi.substack.com

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Ash W ☀️

@banker_defi

7 months

☀️ @Flare_Labs ' FAsset minting process will be managed via a user-friendly interface. In this post, I expand on the user workflow for minting FAssets. 1. The minter selects an agent and pays a fee to reserve the collateral (CRF). The collateral reservation fee is a small fee

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Ash W ☀️

@banker_defi

2 years

Really looking forward to reading the details of @FlareNetworks 's F-Asset system.☀️ Especially eager to see how community $FLR holders would act as Agents by putting up $FLR collateral in the system to EARN. This is an incredible DeFi model. I break down some numbers 👇

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Ash W ☀️

@banker_defi

1 year

/2 Its all about data. @FlareNetworks appears to have reverse engineered a system that solves for decentralised acquisition of external data. If this system could operate at scale, it would have the potential to be the de facto source of truth. I expand on my prev thread 👇

Ash W ☀️

@banker_defi

1 year

Flare is a hugely underrated ecosystem. Genius design. Its core protocols deployed to serve the cross-chain economy. And then ultimately any system (Web 2/3/n). Data that’s proven on a blockchain. Ran by an open community. Infra players and citizens, all incentivised. 🤝☀️

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Ash W ☀️

@banker_defi

5 months

This is incredible! @googlecloud has joined @FlareNetworks to operate as another independent entity providing data as well as validation services to the network. This is a HUGE vote of confidence for Flare's novel decentralised data protocols. Abundant and extensible data

CoinDesk

@CoinDesk

5 months

EXCLUSIVE: @googlecloud has joined the @FlareNetworks as a validator and infrastructure provider. By @JamieCrawleyCD .

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Ash W ☀️

@banker_defi

2 years

If you understand #Flare 's vision to facilitate a secure and scalable cross-chain DeFi ecosystem, you'll appreciate the increasing appetite from institutional players such as crypto exchanges and infra providers in participating in this economy...

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Ash W ☀️

@banker_defi

5 months

FAssets was one of the core reasons I became deeply interested in @FlareNetworks . It will bring genuine utility (finally) to XRP, BTC and other assets. Especially XRP, which I’ve had to significantly reduce my exposure to simply because the opportunity cost was too high. Sure

Flare Labs

@Flare_Labs

5 months

To create #FAssets , we need agents. Agents are entities that provide collateral to back the amount of FAssets to be minted. They also repay the underlying assets when users redeem them. But how does the process work trustlessly? 🧵

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Ash W ☀️

@banker_defi

1 year

@FlareNetworks @JoelKatz and @bob_way argues against FIP01, we, the rightful XRP Community should vote NO! "They" are out there to steal OUR tokens! Who cares about participating, they promised us 1:1! Stop with the constant changing/delays. Flare is scam! If ^^ is you, farewell post FIP01 👋

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Ash W ☀️

@banker_defi

2 years

Some thoughts and explanations on @FlareNetworks 's LayerCake technology; its demand; use cases and implications for the broader cross-chain economy. A thread on the LayerCake and cross-chain liquidity below👇🧵

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Ash W ☀️

@banker_defi

1 year

I've been thinking a lot about the network's FTSO system. While the FTSO pricing outputs remain robust and there has not been any meaningful centralisation of vote power, there remains many issues that should be brought to light for Community. The system can do better 👇

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Ash W ☀️

@banker_defi

2 years

Next week #Flare enters Beta, where trusted infrastructure partners together with FTSO validators operate the network. The network is deemed decentralised and secure. The community should be celebrating. 👏🏻☀️

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Ash W ☀️

@banker_defi

2 years

Here it is #Songbird Community ☀️ It's a long report but I'm sure valuable for reading. Report #1 : #SGB on-chain metrics and ecosystem analysis

Ash W ☀️

@banker_defi

2 years

In November, I'll be releasing a report with SGB on-chain data and analysis detailing: - September's Collusion vs VP - Exchange SGB tracking - Whale delegators + FTSO providers selling M's If well received, I'll continue doing it as a monthly newsletter (free) for community.

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Ash W ☀️

@banker_defi

2 years

As I compile more data on FTSO funds movement with ample evidence and screenshots we can design a metric that is viewable for Songbird community such that we delegate more appropriately. We already have some community members + FTSO providers working on such metrics Thanks 🙏

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Ash W ☀️

@banker_defi

1 year

Flare is a hugely underrated ecosystem. Genius design. Its core protocols deployed to serve the cross-chain economy. And then ultimately any system (Web 2/3/n). Data that’s proven on a blockchain. Ran by an open community. Infra players and citizens, all incentivised. 🤝☀️

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Ash W ☀️

@banker_defi

4 months

I think I’m underestimating Flare networks. New realisations and mental models unlocked. Research is my dopamine gateway that keeps me digging into Flare. More to come. 🤓☀️

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Ash W ☀️

@banker_defi

1 year

Analysis of current WFLR eligible for FlareDrop #2 and a prediction for the claimable amount, which are claimable in ~ 10 days. I run a test wallet that holds 10k WFLR that is not currently delegating and earning from FTSO. I derived the OptOut balance from FlareDrop #1 to be

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Ash W ☀️

@banker_defi

2 years

So, I have began tracking some FTSO providers SGB earnings from the latest epoch (54) and have traced movements to an exchange wallet (Bitrue) where I tracked on-chain reduction of this FTSO providers exchange wallet.

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Ash W ☀️

@banker_defi

2 years

End/ Hope y'all enjoyed this thread. I appreciate my community. I do all the research and thinking so you don't have to! ... (kidding) ☀️ Please retweet and share the knowledge. We're all founding members of this new brilliant ecosystem 🙏🏻 PS: Big YES 👍 from me for FIP #01 .

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Ash W ☀️

@banker_defi

6 months

Developers looking to build novel and "future proof" DApps should seriously consider @FlareNetworks . Here's why: - Runs on EVM. Easily port over Solidity contracts from Ethereum and other chains. DApps built on Flare will be positioned to capture cross-chain liquidity via

Flare ☀️

@FlareNetworks

6 months

Vitalik reminds us of the key blockchain values we should uphold. Why are these also critical for data protocols used on chain? 🧵

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Ash W ☀️

@banker_defi

4 months

"Price doesn't matter." Truth is, it does. And it should matter - if the tokenomics were designed correctly. Its all about incentives. Your network is trying to create something useful for people/dApps/machines to use. In the case of Flare, thats data. To bring in data, you

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Ash W ☀️

@banker_defi

2 years

In November, I'll be releasing a report with SGB on-chain data and analysis detailing: - September's Collusion vs VP - Exchange SGB tracking - Whale delegators + FTSO providers selling M's If well received, I'll continue doing it as a monthly newsletter (free) for community.

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Ash W ☀️

@banker_defi

7 months

DeFi on @FlareNetworks just got supercharged with @Flare_Labs ' #FAssets . My BTC and XRP liquidity will soon have a new home as FBTC and FXRP on Flare's networks where they will: - earn FLR rewards from Flare's 20B Cross-chain Incentive Pool - Deposited with FLR tokens into

Flare Labs

@Flare_Labs

7 months

Today we have kicked off a private Beta for #FAssets on the Coston testnet. This is a big step towards being able to mint BTC, XRP & DOGE into FAssets on @FlareNetworks , where they can earn yield in DeFi and be bridged to other chains. Learn more:

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Ash W ☀️

@banker_defi

1 year

FIP-01 active for voting. Appears vote cannot be changed after submitting. Even if you see the proposal being passed, you should still vote. Any DApp can locate account addresses that have interacted with the governance contract and reward in some way..

Governance Voting | Flare

Flare is a new blockchain which presents developers with a simple and coherent stack for decentralized interoperability.

portal.flare.network

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Ash W ☀️

@banker_defi

6 months

I don't normally discuss price or valuations regarding @FlareNetworks because I don't want speculators in my following. I, like many, use X to educate others and to learn from others. I also think we're early in Flare's ambitious vision and there isn't abundance of data/metrics

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Ash W ☀️

@banker_defi

5 months

When FAssets go live on Flare I suspect: L1: - Network inflation reducing to 5% pa - Aggregate FLR participation rate steadily grows (VP Delegation + Delegated stake). Current data supports this. - Inflation split of core services from 70/30 to approx. 50/40/10 for FTSO,

Flare ☀️

@FlareNetworks

5 months

As the native token of @FlareNetworks , $FLR holds a central position within the #FAssets system, empowering users and contributing to the overall stability and security of the system. Let's delve into two key aspects of $FLR's role in FAssets ☀️

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Ash W ☀️

@banker_defi

5 months

From a development perspective I look forward to seeing @FlareNetworks State Connector’s attestation proofs roll out. We’re going to witness an influx of builders experiment with all sorts of use cases, some will stick and some won’t. The marvel to focus on is that the DApps on

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Ash W ☀️

@banker_defi

2 years

Some thoughts on @FlareNetworks 's proposal to introduce SGB as part of Flare's governance mechanism: 1) SGB bonding system over the governance of LayerCake bridge constructions 2) SGB bonding system for community generated gov. proposals 👇☀️

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Ash W ☀️

@banker_defi

1 year

Many of you may be following me for my research and insights. I've shared my thoughts on @FlareNetworks 's design and its potential in creating a powerful network economy. I've also shared analyses and reflections on key developments that occur, largely on the Layer 1.

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Ash W ☀️

@banker_defi

2 years

Now that the Flare community understands how the distribution model will take place after the proposal passes and how to capitalise on receiving maximal monthly distributions, I’m going to shift gears to F-Asset system and how this would impact further distributions 👇🏻

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Ash W ☀️

@banker_defi

1 year

Congrats @HugoPhilion and his new team at @Flare_Labs on setting forth in creating F-Assets on @FlareNetworks . I look forward to going through their repo on how the F-Assets protocol utilise the FTSO and State Connector to extend the utility of non-smart

GitHub - flare-labs-ltd/fassets: A repo for f-asset protocol.

A repo for f-asset protocol. Contribute to flare-labs-ltd/fassets development by creating an account on GitHub.

github.com

Hugo Philion ☀️

@HugoPhilion

1 year

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Ash W ☀️

@banker_defi

1 year

Some commentary on FlareDrop #1 metrics: Effective eligible wFLR for this drop: ~ 3.324B (Approx. 800M inflation authorised, of which ~ 70% goes to Flare-related entities who delegate their allocations; their FTSO rewards are eligible for FlareDrops) Avg of the total wFLR for 3

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Ash W ☀️

@banker_defi

2 years

I will be creating a public account starting with 1000 FLR with the aim to grow the acc to 10000 FLR in 12 months. I've ran some numbers with my models. 5000 seems easy, so 10000 is the goal. All my delegations, airdrops, staking, crowdfunding contract calls are 👀 on-chain

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Ash W ☀️

@banker_defi

1 year

Thoughts about Flare's design and security measures: ☀️ Attaching both the performance metrics and the community's reputation of operating FTSO providers to the weight of their network validation power, will allow trust to be transferrable. It's a novel mechanism for securing

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Ash W ☀️

@banker_defi

1 year

@FlareNetworks has a material probability in creating actually trustless interactions between users existing on different blockchains. This could have only been achieved through solving data - data acquisition and data relay.

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Ash W ☀️

@banker_defi

2 years

Flare Launch - Roadmap Speculation 🔥 Witnessing the launch of a fully decentralised, community governed smart contracts Layer-1 with low-risk, high yield designed into the system. All lights are green for Flare as we approach the next wave in crypto👇🧵

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Ash W ☀️

@banker_defi

8 months

@FlareNetworks 📚 #2 : What are the roles of Agents in @Flare_Labs 's F-Asset system - a decentralised bridging protocol for non smart contract tokens? In the F-Asset system, Agents act as trustless intermediaries that play a crucial role in the issuance and redemption of F-Assets.

Ash W ☀️

@banker_defi

8 months

@FlareNetworks 📚: What is the concept of vote power? Vote power refers to the influence an address has in governance voting within the Flare network. It represents the weight or importance of an address's vote when participating in decision-making processes, such as protocol

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Ash W ☀️

@banker_defi

2 years

Here’s some confirmed numbers for @FlareNetworks 's tokenomics. Initial Token Distribution to Claimants: 4.279B Flare Team: 25B (3.75B on TDE then ~ 592M/mo) Flare Foundation: 20B Delegation Pool Incentive: 24.246B CCI Pool: 20B Remaining Unclaimed FLR: 6.475B My model 👇🧵

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Ash W ☀️

@banker_defi

2 years

@FlareNetworks TO CELEBRATE! I'M DONATING 5 FLR RIGHT NOW TO ANYONE THAT LIKES THIS COMMENT (hope I don't get any likes -.-)

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Ash W ☀️

@banker_defi

6 months

#FAssets is one of the major interoperability protocols built by @Flare_Labs that presents a scalable solution to bring smart-contract capabilities to idle tokens/liquidity. The entire FAssets mint process is decentralised. The asset prices and payment proofs are derived from

Flare ☀️

@FlareNetworks

7 months

#FAssets Beta is now live on Flare’s Coston testnet – a milestone for $800B of crypto assets. The system will allow tokens like BTC, XRP & DOGE to be used trustlessly with smart contracts on #Flare - earning yield in DeFi dapps and bridging to other chains.

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Ash W ☀️

@banker_defi

1 year

By popular demand, here's a video demonstrating how to utilise the Flare Explorer to track TSO provider rewards. The objective is to educate the community on using available tools and to enable them to verify the actions of the network providers.

Using the Flare Explorer to track TSO provider rewards movements

A short video to educate the Flare and Songbird community on how to use the chain explorers to examine the movement of funds from TSO providers (public) subm...

www.youtube.com

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Ash W ☀️

@banker_defi

2 years

Really well written docs by @FlareNetworks ! 👏🏻 Everyone, whether you’re familiar with Flare’s technology or not, should read this document👇🏻 Be sure to click on the hyperlinks for details on #FTSO #StateConnector #LayerCake #FAssets

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Ash W ☀️

@banker_defi

11 months

Trustlessly bridging liquidity from other chains via bridges such as @Flare_Labs 's FAssets and LayerCake protocols. Once the liquidity is on Flare, it can be used to participate in @FlareNetworks ' dApp economy built with novel and secure Web3 and Web2 data. Emergent use cases

Moonchaser ☀️🪝

@Moonchaser2020

11 months

. @HugoPhilion discusses the difference between #Flare and other #EVM chains, and why bridging is crucial to the ecosystem. #FAssets #LayerCake #Interoperability #BlockchainForData #ConnectEverything ☀️ #WebX #WebX2023 #WebXAsia

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Ash W ☀️

@banker_defi

2 years

Absolutely loving the new website from @FlareNetworks . There's much to learn, interact and connect with through the website. Also, make sure to play around with the newly released Flare Portal . Looking forward to voting on STP-01, then FIP-01. Lets go!

Flare ☀️

@FlareNetworks

2 years

Website update as we approach TDE.

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Ash W ☀️

@banker_defi

1 year

Flare current epoch 49 (1st): ~ 30 hrs remaining Top 10 provider RR avg. atm ~ 0.4134 (/100 FLR) Therefore weekly APY ~ 1.336% Note, 1st 2nd epoch rewards burnt Current wFLR = 3.030B Not including Foundation, wFLR/FLR = 28.77%. This participation rate is increasing rapidly.

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Ash W ☀️

@banker_defi

9 months

Hope everyone in the @FlareNetworks community is doing well. ☀️ Building continues. I'm excited for network participants having the ability to stake their FLR to Infrastructure Providers, based on economic incentives, as well as for secondary value-add provided by the IPs.

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Ash W ☀️

@banker_defi

4 months

Flare's utility will surprise many. As the liquidity in the Bitcoin ecosystem inflates, a small portion of profits will flow over to adjacent networks where that $BTC can be deployed for additional yield in DeFi ecosystems. If this cross-chain interoperability is sufficiently

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Ash W ☀️

@banker_defi

1 year

Incredible to see the FTSO and State Connector facilitate an event on one chain, after proving a payment/trigger from another chain. The entire process was decentralised and did not rely on any single entity for price or data - in fact, data is secured by the blockchain itself.

Flare ☀️

@FlareNetworks

1 year

Trustlessly purchasing an NFT on Flare using the token of a different blockchain.

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Ash W ☀️

@banker_defi

2 years

This post isn't meant to be calling out any FTSO, rather, to educate the community that tracking on-chain movements will help us better demonstrate which FTSO providers are reinvesting in the ecosystem and which are putting downward price pressure on the community investments

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Ash W ☀️

@banker_defi

1 year

As a result of STP-01 reducing VP cap to 2.5% which went into effect in Epoch 68, the reward rates have increased considerably amongst all groups (Top 1-10, 11-20, ... 41-50 etc). Same total rewards. Just prev concentrated rewards are now being spread = Healthier system

Jeen

@JeenLolkema

1 year

#SGB Epoch 68 has ended! 🐦 First Epoch with 2.5% VoteCap, Next one should give a better view of the effect. ⚠️ Rates are a calculation, actual data may differ! ⚠️ This is for educational purposes only! #XRPcommunity #Songbird #Flare #FLR #XRP

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Ash W ☀️

@banker_defi

1 year

The open-source project we are building for the Flare & Songbird ecosystem: ☀️ A community managed Github Database + Dashboard with info submitted by TSO providers. This database is designed to provide website/DApp developers seamless integration of TSO info. 🧵👇

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Ash W ☀️

@banker_defi

1 year

Just want to firstly thank everyone in our community for all the support and enthusiasm that we share together for @FlareNetworks . And thanks to all the builders and providers for their platforms and services. I've noticed that many of us still view our tokens as an investment

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Ash W ☀️

@banker_defi

1 year

Using similar techniques as shown in the video, I share epoch rewards analytics on the following STSO providers: O1 FTSO and LoveFTSO. Those who have closely followed our ecosystem will know that these providers have been implicated with the colluding developer who shared his

Ash W ☀️

@banker_defi

1 year

By popular demand, here's a video demonstrating how to utilise the Flare Explorer to track TSO provider rewards. The objective is to educate the community on using available tools and to enable them to verify the actions of the network providers.

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Ash W ☀️

@banker_defi

2 years

As someone thinking about this network, I appreciate @FlareNetworks ’s decision to release the tokens on a date that maximises community participation and fairness. Prevents the future regret of managing community issues after the network’s control is passed onto us. Noise.

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Ash W ☀️

@banker_defi

1 year

If you’re new to Flare, or haven’t read my tokenomics report on @FlareNetworks $FLR post FIP01, check it out below 👇🏻

Ash W ☀️

@banker_defi

2 years

Report #2 - A comprehensive tokenomics model on Flare + analysis: No point in delaying release for 🎄, here it is. Enjoy

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Ash W ☀️

@banker_defi

2 years

After reading @CloudFundLena 's article, this development is much bigger than what @HugoPhilion has alluded to in previous interviews. CloudFunding on Flare/Songbird is like the Y Combinator incubator of Web3. Let's take a look at some components 👇

CloudFunding

@CloudFundLena

2 years

Hello Flare community! Welcome to ur new, hopefully, favourite Decentralised Launchpad ☀️ Visit us 👋🏼 Here's a guide to help you navigate the unique features of your new platform 👇 Excited to have u 🥳 @FlareNetworks @HugoPhilion

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Ash W ☀️

@banker_defi

1 year

Since FlareDrop #1 , the total sum of exchanges FLR I've been tracking has decreased by ~100M. Current sum for exchanges ~ 1.134B Gate io now has the highest trading volume (22.5% via CoinGecko) have their exchange wallet decrease from ~ 20M FLR to ~11.5M OKX at 9% trading vol

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Ash W ☀️

@banker_defi

2 years

Being an exchange not supporting $FLR A.D, assuming long term market adoption, would feel silly enough. CBs agreement to distribute $FLR prev, yet now not being cooperative, is another level silly. I guess for them, they’ve already lost the XRP community. Fix it, @coinbase

Hugo Philion ☀️

@HugoPhilion

2 years

Hey @brian_armstrong we are getting radio silence from your team and would really like to help @coinbase distribute Flare’s token as agreed. We will dedicate as many people as needed from our side to make it happen.

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Ash W ☀️

@banker_defi

2 years

At Songbird block 22929322 (Timestamp for epoch 52), the total wSGB balance was 6.125B (Sep 15th) During the FTSO debacle, approx. 122M got unwrapped and likely made its way to exchanges (Sep 20th) Currently, 6.194B SGB is wrapped with high $SGB trading volumes on CEX. Bullish

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Ash W ☀️

@banker_defi

1 year

To new and existing ☀️ community members, the link below is an easy to access catalogue for my significant threads. It contains key insights around Flare's core protocols, systemically important dApps, governance and community + other learning resources.

Compilation of my highlight threads from Twitter + Resources.

Hi all, this post will bring together my past (and future) Twitter threads which I think contain key insights into the Flare network. This helps new community members joining us, or existing members...

bankerdefi.substack.com

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Ash W ☀️

@banker_defi

1 year

Citizen of Flare ☀️

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Ash W ☀️

@banker_defi

5 months

Friendly reminder to the Flare community to engage more deeply with the Infrastructure Providers on the network. I’ve spoken to many IPs, and probably what’s not at the forefront of Community, is that MANY are building products, tools and some, very interesting DApps for our

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Ash W ☀️

@banker_defi

1 year

The success of Flare’s layer 1 protocols is enhanced with further engagement by the community. Participating in governance proposals, engaging with the infractions described in FTSO management groups and evaluating data provider operations will make for a stronger FTSO system.

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Ash W ☀️

@banker_defi

6 months

Market is heating up for $FLR. Even non-inflation/drops adjusted charts printing clear positive sentiment. Think this reflects the demand to participate in the FAsset system. With $FLR as a collateral in this system, more liquidity in $FLR means a stronger collateral pool to

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Ash W ☀️

@banker_defi

1 year

Big news for @FlareNetworks . Congratulations for your hard work! Thank you @coinbase for distributing $FLR and supporting trading. Most importantly, new $FLR token participants, welcome to our Community! ☀️ Ask around and learn how to best engage and support the network 🤝

Coinbase Assets 🛡️

@CoinbaseAssets

1 year

Coinbase will add support for Flare (FLR) on the Flare network. Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on @Coinbase and @CoinbaseExch in the regions where trading is supported.

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Ash W ☀️

@banker_defi

10 months

Haven't been more bullish on @FlareNetworks .. When Flare scales, it scales incredibly well. Data and infrastructure providers compete for inflation (like proof of work, but with accurate data instead of computing power). Novel use cases and markets emerging around

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Ash W ☀️

@banker_defi

2 years

Expecting the FTSO dynamics to be appreciably different on #Flare (vs $SGB) in the next 12 months. - Reduced VP cap 2.5% - Exchanges supporting A.D (the majority) will receive their share of $FLR. For major exchanges, this is a lot = likely they'll run FTSOs with their FLR.

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Ash W ☀️

@banker_defi

3 months

I see Flare's value prop to the crypto space and beyond as multi-layered. Below are different angles of how I see Flare's evolution. "The most abundant, extensible, secure and decentralised data to power the next generation of the Web3 economy." (Blockchain for data) "Trustless

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Ash W ☀️

@banker_defi

2 years

DApps want users who provide liquidity or value. Period. Speculators have their liquidity sitting in their wallet or on an exchange. They don’t contribute value to the chain. They just buy and they sell. Here's how $FLR design captures entirely different user mechanics ☀️

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Ash W ☀️

@banker_defi

2 years

Curious how the traders are looking at $FLR over the 36 months post TDE? One tool I've created is for example, a Long/Short FLR calculator. Say if a trader wanted to sell FLR, the risk is: a) $FLR goes up b) Loss of FTSO rewards c) Loss of DIP monthly rewards

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Ash W ☀️

@banker_defi

4 months

Within a couple of years, Flare’s ecosystem will be very different. So much coming together - the convergence of cross chain liquidity, incentives and novel DApps powered by native safe data. The Flare team and related entities do nothing but execute and ship powerful

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Ash W ☀️

@banker_defi

5 months

I'm excited to hear more about the FTSO v2.0 updates on @FlareNetworks . Good chance that the updates will introduce new features that foster new business models for current and future data experts/FTSO providers. Forget existing centralised data marketplaces (Kaggle, AWS), my

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Ash W ☀️

@banker_defi

8 months

@FlareNetworks 📚: What is the concept of vote power? Vote power refers to the influence an address has in governance voting within the Flare network. It represents the weight or importance of an address's vote when participating in decision-making processes, such as protocol

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Ash W ☀️

@banker_defi

4 months

The most value you can create, and capture, comes when you have utmost conviction. The more I think about Flare, the more conviction I have. If you perceive the value of a network based on its nascent market, you’re limiting yourself to how others perceive it - and since

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Ash W ☀️

@banker_defi

1 year

This video is superb. I gotta thank you @timrowley_au , you do a great job explaining the State Connector 🙏🏻 All should watch and understand.

Blockchain Interoperability with Flare's State Connector

The State Connector from Flare is an intricate system with many fine details however discussed in this video are the fundamentals of the State Connector.http...

www.youtube.com

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Ash W ☀️

@banker_defi

1 year

@FlareNetworks Amazing! 🎉 This is a big deal. It should be highlighted that despite the Flare team being eligible to vote, they didn’t (minus 81.5M votes). This is evidence to the broader crypto ecosystem that Flare is the network for its participant Community.

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Ash W ☀️

@banker_defi

4 months

I like this. The sales of already reduced token allocations to early backers are now being capped to the same limit (0.5% of daily vol of FLR over 30-day avg.), which is the same cap enforced contractually to projects receiving grants to build on @FlareNetworks . Also like the

Flare ☀️

@FlareNetworks

4 months

Flare's earliest investors have reinvested in the long term future of the network in a groundbreaking new agreement. In addition to extending token vesting and capping sales, they will reinvest 50% of any token sales back into Flare ecosystem projects.

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Ash W ☀️

@banker_defi

4 months

Had fun today coming onto @defidivvy ‘s channel for a chat about Flare, DeFi and general markets commentary. Only scratched the surface of Flare in this one, so would be keen to do more!

DeFi Divvy ☀️

@defidivvy

4 months

Grateful to catch Ash W. today for a quick interview on $FLR 📈and #DeFi . Buckle up. 2024 is going to be epic.🔥 . Thanks again @banker_defi .

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Ash W ☀️

@banker_defi

11 months

Currently, although the FTSO Management Group has done a superb job in making public evidence of FTSO infractions and subsequently penalising such actions, there just isn't the risk/penalty to deter bad behaviour (centralised prices, value extraction etc), as new providers could

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Ash W ☀️

@banker_defi

1 year

Awesome educational video by @timrowley_au 👏🏻 @FlareNetworks , which explains how to use the native token $FLR and interact with network protocols and providers. Currently, one of the use cases for $FLR is to select which Data Providers in the TSO system the delegators want to

Flare ☀️

@FlareNetworks

1 year

Are you interested in earning rewards while supporting the health of the #Flare network and ecosystem? Delegation is the answer. Learn how to wrap your FLR and delegate them to your preferred FTSO data providers in this video by @timrowley_au .

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Ash W ☀️

@banker_defi

1 year

I’m starting to think the FTSO management group could/should be a permanent feature on @FlareNetworks . The FTSO MG can be used to prevent behaviour that impairs FTSO as a whole. It is not limited to collusion and duplication ().

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Ash W ☀️

@banker_defi

10 months

This is a huge development for @enosys_global and the @FlareNetworks ecosystem. Bridge your USDT and provide liquidity as WLFR/eUSDT to earn trading fees, hedge, and most importantly continue supporting the FTSO and earning the FTSO rewards + FlareDrops.

Ēnosys

@enosys_global

10 months

The Ethereum to @FlareNetworks Bridge is now live at allowing USDT to be bridged to the Flare Network as eUSDT! Daily limit is set to 50k USDT with a min trx of 100 USDT. This limit will be increased if consistently hit. 🧵 1/3

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Ash W ☀️

@banker_defi

1 year

I know I write a lot on the system, but today will be a day I will always remember. The distribution of Liberté, égalité, fraternité. For me: freedom, equal rights, and love. Thank you @FlareNetworks . Now WE build ☀️

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Ash W ☀️

@banker_defi

4 months

The core offerings of Flare are being noticed by intelligent folks in the crypto space. Listened and read some of @CryptoHayes work, he has a great grasp on macro and crypto. Looks like he’s appreciating secure and decentralised data. Who doesn’t? This thesis is inevitable.

Flare ☀️

@FlareNetworks

4 months

DeFi is still an arena for new ideas. Dapps will work for everyone if the oracle is built right. The Flare Time Series Oracle offers high integrity, censorship-resistant data at scale and basically for free. It works because it’s enshrined in the network, inheriting the

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Ash W ☀️

@banker_defi

11 months

Keep an eye on the development of #FlareStaking . Staking will have a considerable impact on the network's security, dissuade/make obsolete bad acting data providers, and on the (positive) secondary supply dynamics of the FLR token. Quality Infrastructure Providers, based on

Flare ☀️

@FlareNetworks

11 months

With 31 #FTSO data providers already stepping up as infrastructure providers, #FlareStaking phase 1 is well underway. Infrastructure providers handle both validation & data provision, reinforcing network security while advancing #Flare 's mission of data as a public good. 🌐

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Ash W ☀️

@banker_defi

2 years

Hi community, thanks for all the new followings and the engagement on my previous posts. I created this Twitter not too long ago and for the purpose to share my research and thoughts on Flare Networks. I aim to write freely on how I view Flare, not just as an investment...

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Ash W ☀️

@banker_defi

11 months

Network effects involving liquidity from blockchains can only take place with trustless and secure cross-chain bridges operational, especially those that are set up with insurance and incentives. On Flare, @Flare_Labs ' LayerCake and F-Asset bridges are insured by independent

Ash W ☀️

@banker_defi

11 months

Trustlessly bridging liquidity from other chains via bridges such as @Flare_Labs 's FAssets and LayerCake protocols. Once the liquidity is on Flare, it can be used to participate in @FlareNetworks ' dApp economy built with novel and secure Web3 and Web2 data. Emergent use cases

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Ash W ☀️

@banker_defi

1 year

In the midst of navigating through the day to day happenings on Flare, these future developments keep me excited ☀️ 1. FIP-01 implementations. DIP monthly distributions begin. 2. WFLR and participation rate increases. Remaining laggard exchanges complete their distributions.

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Ash W ☀️

@banker_defi

7 months

@FlareNetworks 📚 #3 : LayerCake bridging protocol and its unique features: LayerCake is a cutting-edge protocol revolutionizing how assets move across blockchain networks. It ensures secure, swift, and scalable transfers, offering a crucial solution to current bridging

Ash W ☀️

@banker_defi

8 months

@FlareNetworks 📚 #2 : What are the roles of Agents in @Flare_Labs 's F-Asset system - a decentralised bridging protocol for non smart contract tokens? In the F-Asset system, Agents act as trustless intermediaries that play a crucial role in the issuance and redemption of F-Assets.

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Ash W ☀️

@banker_defi

5 months

Hats off to @BifrostWallet new added Staking feature. Made a relatively complex UX into a seamless and enjoyable one. Also to @ftso_au 's staking DApp. Have yet to try @SolidiFiHQ - seems Flare Community really enjoys theirs! Next FlareDrop will rotate. Thank you all. Since the

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Ash W ☀️

@banker_defi

5 months

An ensemble ML model for time series prediction whereby the weight (vote power) of each constituent model is practically voted in by the native FLR token holders. This is the basis of the FTSO. To run and execute each component of the larger prediction model (FTSO) on a

Flare ☀️

@FlareNetworks

5 months

Where do you think the synergy between AI and blockchain lies? And how can Flare empower AI? @HugoPhilion and @CommunityFlare delve into this topic deeper in our latest community call:

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Ash W ☀️

@banker_defi

1 year

Some of my thoughts on Flare's design: Vote power --> data provisioning + governance --> prices and states --> a new DeFi for retail and institutions for easy reading. Otherwise, a long thread 👇

Thoughts on the design of Flare's protocols

It begins with the FTSO. This decentralised oracle network is rewarded most via the network’s native inflation. Its role is not limited to providing decentralised price feeds to dApps on Flare and...

bankerdefi.substack.com

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Ash W ☀️

@banker_defi

1 year

The value of Flare is largely underpinned by the quality and security of the data it can bring on-chain, and the extent to which the data is relayed and adopted by the rest of the industry. To facilitate this process, therefore, requires good and honest data providers.

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Ash W ☀️

@banker_defi

4 months

Almost 2 months since this post, Flare has added almost 1B to its market cap. Indeed, Flare's ambitious vision remains challenging to value. No doubt more eye balls on the Flare ecosystem now. As highlighted in my previous post, my observations are that price precedes

Ash W ☀️

@banker_defi

6 months

I don't normally discuss price or valuations regarding @FlareNetworks because I don't want speculators in my following. I, like many, use X to educate others and to learn from others. I also think we're early in Flare's ambitious vision and there isn't abundance of data/metrics

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Ash W ☀️

@banker_defi

6 months

Remember. These are the early phases of development of a genuinely novel DeFi financial system. #FAssets The collateral system of FAssets is a free market for capital providers and risk managers to earn redeemable cross-chain assets via facilitating transactions. These

Flare Labs

@Flare_Labs

6 months

The #FAssets testnet beta is now in progress. @Flare_Labs is currently onboarding to the various roles and performing initial checks. We look forward to welcoming other ecosystem partners and starting the competitive tests. We'll provide updates as we move through the phases.

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Ash W ☀️

@banker_defi

9 months

Such a significant development for Flare. FIP-05 affects basically every system in the network e.g. L1 token interactions, FTSO, validation, and later, being included in the default set of attestation providers. However, according to my numbers, only a little over 5% of

Flare ☀️

@FlareNetworks

9 months

Our recent proposal, FIP.05, was accepted by the community with a 92.02% vote in favor on September 9th. ✅ A hard fork later this month (exact date TBD) will implement the changes.

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Ash W ☀️

@banker_defi

1 year

To those asking why a governance vote is not happening for the rollout of Flare's staking model, it's because Flare, since inception, already has staking. See section 5. of the whitepaper, which was released prior to @FlareNetworks launch. "The network uses Avalanche

Flare ☀️

@FlareNetworks

1 year

Flare is transitioning to a staking model. The objective is to decentralize the validators and further secure the data provision protocols. Learn more about the first of the three rollout stages here ➡️

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Ash W ☀️

@banker_defi

1 year

This is a significant development for the @FlareNetworks infrastructure and its evolution toward decentralisation. Data Providers who also provide validation services are known as Infrastructure Providers. Previous network developments (FTSO MG, Community delegations) are

Flare ☀️

@FlareNetworks

1 year

Flare is transitioning to a staking model. The objective is to decentralize the validators and further secure the data provision protocols. Learn more about the first of the three rollout stages here ➡️

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