Blockchain research and development firm, Flare Labs, has reached a pivotal moment in the integration of non-smart contract tokens into the decentralized finance (DeFi) landscape.
With the successful launch of the FAssets test version on Flare’s Coston testnet, the project aims to unlock the potential of older tokens like bitcoin (BTC), ripple’s XRP, and dogecoin (DOGE) for smart contract functionalities on the Flare network.
Flare Labs’ FAssets testing on Coston Testnet
Flare Labs has marked a significant milestone by introducing a test version of FAssets on the Coston testnet. This development caters to the challenge posed by more than 70% of blockchain assets lacking smart contracts, hindering their efficient deployment in the DeFi ecosystem.
FAssets provide a solution, allowing non-smart contract tokens to be utilized trustlessly with smart contracts on Flare. The innovative system involves minting these tokens into FAssets, enabling them to earn yields or rewards within decentralized applications on the Flare network.
Hugo Philion, CEO of Flare Labs, emphasizes the importance of FAssets as a means to represent legacy assets on a smart contract chain without relying on centralized third parties.
Watch here: https://www.youtube.com/embed/9OqC-aIWdRI?feature=oembed
The system’s structure, described as a Delta neutral synthetic with multi-collateral backing, ensures a robust and decentralised approach. Following the initial private Beta on the Coston testnet, the next steps involve implementation on the Songbird canary network before a full-scale launch on the Flare mainnet. Users and decentralized applications can anticipate earning FLR tokens from the cross-chain incentive pool, reflecting the project’s commitment to fostering sustainable value within the Flare ecosystem.
The post Flare Labs starts FAssets testing on Coston Network appeared first on Invezz
clomid remedio average cost of clomiphene get cheap clomid online how to get cheap clomiphene price buy cheap clomiphene tablets how to buy cheap clomiphene price where buy generic clomid
Good blog you be undergoing here.. It’s hard to assign great worth writing like yours these days. I honestly respect individuals like you! Rent mindfulness!!
More articles like this would pretence of the blogosphere richer.
zithromax 500mg oral – buy ciplox 500mg pill buy generic metronidazole for sale
oral semaglutide 14 mg – buy periactin 4mg online cyproheptadine 4 mg uk
order domperidone 10mg online – tetracycline 250mg ca purchase flexeril
buy generic amoxil over the counter – buy generic combivent 100mcg ipratropium generic
augmentin 375mg usa – https://atbioinfo.com/ buy generic acillin for sale
esomeprazole cost – https://anexamate.com/ buy nexium 20mg for sale
purchase mobic pills – mobo sin where can i buy meloxicam
prednisone canada – apreplson.com brand prednisone 40mg
male ed drugs – fast ed to take male ed pills
buy amoxicillin sale – https://combamoxi.com/ buy amoxicillin tablets
buy cenforce 100mg online cheap – https://cenforcers.com/ cenforce ca
canadian online pharmacy no prescription cialis dapoxetine – https://ciltadgn.com/ purchase cialis
cialis free trial phone number – cheap cialis pills tadalafil dose for erectile dysfunction
cheap zantac – this order ranitidine 150mg pill
buy viagra at walgreens – https://strongvpls.com/ cheap viagra no prescription canada
This website absolutely has all of the low-down and facts I needed adjacent to this subject and didn’t positive who to ask. https://gnolvade.com/
This website positively has all of the tidings and facts I needed about this case and didn’t positive who to ask. zithromax 500mg sale
This is the stripe of topic I get high on reading. https://ursxdol.com/ventolin-albuterol/
More text pieces like this would insinuate the интернет better. https://prohnrg.com/product/diltiazem-online/
This is the amicable of topic I get high on reading. https://aranitidine.com/fr/ivermectine-en-france/
More delight pieces like this would insinuate the интернет better. https://ondactone.com/product/domperidone/
The sagacity in this serving is exceptional.
https://proisotrepl.com/product/propranolol/
More posts like this would add up to the online elbow-room more useful. http://www.intrahealthgroup.com/?URL=https://wakelet.com/wake/Ygm_w25-9BwVAfPHOoN7B
I am in point of fact delighted to coup d’oeil at this blog posts which consists of tons of worthwhile facts, thanks towards providing such data. http://wightsupport.com/forum/member.php?action=profile&uid=21295
how to buy dapagliflozin – https://janozin.com/ buy generic forxiga