Another milestone for Flare and FAssets 🎉

The Flare Data Connector is coming to Songbird.

"In its initial deployment, FDC will support the attestation types required for the FAsset system, as well as EVM transaction types."

Voting starts on Oct 24 ⤵️
https://proposals.flare.network/STP/STP_9.html

FLR voters, we need you ✋

New proposals are up: SIP. 04 and FIP.10 - Adding an Incentive Structure for Participation in All Protocols.

🐦 SIP.04: https://proposals.flare.network/SIP/SIP_4.html
☀️ FIP.10: https://proposals.flare.network/FIP/FIP_10.html

The new incentive structure introduces a pass-based system where providers gain or lose passes based on meeting minimum participation requirements across all Flare protocols, affecting their rewards.

This system encourages providers to actively participate in all existing Flare protocols, leading to a more robust and diverse ecosystem.

📅 Voting for FIP.10 starts on October 18 on Flare, with SIP.04 voting on Songbird to follow on October 21. Stay tuned for a blog, thread, and further educational resources coming your way.

Your rewards for delegating to FTSO providers supporting the FTSO Scaling on Songbird during epochs 200-203 are now available to claim via the Flare Portal.

To avoid disruptions in this current phase, $SGB delegators should ensure their chosen data providers are upgraded accordingly. ✅

Check the latest list: https://songbird-systems-explorer.flare.network/

songbird-systems-explorer.flare.network

Songbird Systems Explorer

Songbird Systems Explorer frontend application

FIP.09 has been approved with overwhelming support. (1,176,092,379 votes for).

Here's why this helps bring about a bright future for Flare:

? https://x.com/FlareNetworks/status/1809335787110203695

? The FLR inflation rate adjustment is now live.

The $FLR inflation rate is now 5% per year, capped at 5 billion FLR tokens per annum, calculated on available supply. This change promotes long-term sustainability for the FLR ecosystem.

Key takeaways:

• The FlareDrops rate is unaffected by the change.

• Staking & Delegation Rewards are reduced. Community tools by Oracle daemon and Flare.space can help you estimate potential rewards.

Learn more: https://x.com/FlareNetworks/status/1809222246004822177