anyone catch the massive flare pump?

Yes, when f-assets come out next month it will pump even more.

>>60659576
are they finally coming out next month? Or just a test or going to be delayed or what?

They most likely will come out next month since Firelight already has a waitlist for their xrp staking app which uses fassets.

>>60659475 (OP)
I wished I had kept my 300k for instead of splitting it between HLN and APS
Welp

>>60659576
2 more weeks...
How many lies and years behind are they?

>>60659576
Will it? It will require economic activity on this chain. What will cause this?
I want this to happen, I have a decent bag from staking since the start...i would really like to have a 100x on this.

>>60659933
From collateral mostly, every xrp needs to be backed up by flr tokens for xrp to be staked

>>60659984
do other chains do this or does flr just do it better

>>60661604
The difference is, when you wrap a token a centralized db is being trusted to hold the underlying token 1-1 when they mint the wrapped version. Wbtc for example is on paper insanely vulnerable. Renbtc, a wrapped Bitcoin on ether, failed and people lost underlying btc as a result.
Flare is attempting to decentralize this, you send your token to an agent on the flare network, of which there are many, who must maintain a 1.3 collateral ratio and you get back the fasset(wrapped token). It remains to be seen if this will see any adoption or anyone will trust it or of it's vulnerable in some way that is not understood yet.
It was principally created to make xrp a token that could be collateralized and be the money for an Ethereum virtual machine, thereby allow xrp to be used in defi, which up until now remains impossible.
Defi had its moment, if these guys actually launched on schedule they might have had something, now they are now going on 6 years late, dozens of broken promises and rule changes later, so who knows if anything will come of it.

I got around 15k flr in the airdrop and I haven't even checked the price since then. I don't think this coin is going anywhere honestly

>>60662196
well it has a lot of features that other coins try and have but in a decentralized and marketable way and they're finally about to deliver on them

>>60662254
>well it has a lot of features that other coins try and have but in a decentralized and marketable way and they're finally about to deliver on them
I don't really trust the team, they delayed the airdrop several times which made me lose faith in the project.

>>60662349
They are their own worst enemies and lost trust for very good reasons. They fucked up the airdrop and then completely changed the staking rules to the devs benefit and no one else's. The behavior is honestly enough to wash hands of them and never look back.

>>60662418
didn't they just change it so that people wouldn't dump all their coins on launch which was also done by vote?

>>60662161
That's how I feel about it more or less. It's looking even shakier now that Ripple and Peersyst launched the XRPL EVM sidechain. Competitors for the newly termed "XRPfi" are showing up.

no fucking way ppl are still holding this shit HAHAHH

>>60662536
did the xrpl evm actually launch
does that mean it could do everything flare does but better

>>60662536
The only thing flare had going to for it was at least twitter level support from ripple whales like the ogre looking guy that holds 20% of the ripple supply, but that was 5 years ago....defi failed, stable coins and Bitcoin won.

>>60662555
Yield farming it, but yeah, its a stinker.
I bought 200k for on huobi after the airdrop when it went -99% for like 2k dollars, staked in when staking started and it's 968k stack now and almost 20k USD. It's probably getting close to dump time though...

>>60659475 (OP)
Flare will be the coin that will unite /biz/ and will stop the Link/XRP feud.
If you missed one of them or both, Flare will be you best bet. It's essentially doing everything what Chainlink and XRP proposed to do except its a more advanced version that hasn't mooned yet.

All this coin needs is a shilling army and /biz/ is the best at that.

>>60663469
too bad hugo fagion is the biggest queer in crypto
I will believe it when I see it. Until then he's just a scammer posing as a tech genius.

>>60663124
Staking gets you that much?
I've just had mine wrapped for the airdrops and ignored it.

just checked the chart, holy fuck is that grim. but alt season is alt season, maybe itll run.

>>60663540
Yeah, I staked 223k at the start and it was paying 33k a month and then slowly started going down, the last monthly reward was just under 20k, the stake period for drops ends in Jan so I'm on track to have just over 1m.
Nothing will happen though, it will probably never be worth more than. It is right now because of reason I gave above, defi is dead.

>>60663540
And I say staked but I mean wrapped and staked to collect the drops like what you did, how much did you put in?

>>60663540
https://flare.space/dapp/distribution/

>>60665087
oh there's still more distributions?

is it a buy or sell
or just a hold to see if it goes anywhere

>>60667068
unknown, i am a hold because im already in and gambling that the f-asset functionality which is now 4 years late actually draws attention and makes something happen.
right now, its flare chain activity is a total joke, its a dead chain by any critical metric view.

>>60667484
even with the staking and wrapping adding transactions?

>>60667500
i see how you are a subtle shill.
What do you think. The onchain metrics for flare are abysmmal, its a dead chain, the only activity is the staking/airdrop activity and selling related to it.
the fact that they monotized the testnet was the most disgraceful action they took among many, hugo is a maximum scammer.
will something happen in spite of it all? thats why i continue to hold.

>>60667604
what
I was asking how it's so low even when staking and wrapping would add lots of transactions

What massive pump? It pumped about 20%
I hold this piece of shit, about 110k staking and delegating but it never does anything and the community is non existent. I had a lot of hope for this shitcoin but XRP AMM kind of makes it redundant. Will XRP staking on flare have impermanent loss protection? Or is it like a traditional staking model?