Flare round-up
The recent launch of our Blockchain Machine Images offering via Google Cloud was very well received by the community, highlighting the demand across web3 for more accessible node solutions. The introduction of our first ETH liquid staking token on Flare, allowing users to earn ETH staking rewards while using their ETH in Flare DeFi, also got a warm welcome. Read on for more of our latest announcements and a glimpse of the Flare team’s whereabouts during upcoming DevCon in Bangkok.
— The Flare team
Effortless node deployment with Flare’s Blockchain Machine Images.
Flare has launched its Blockchain Machine Images solution on Google Cloud Marketplace, a ground-breaking node-as-a-service tool that allows Web3 developers to deploy full blockchain nodes in mere minutes and at low costs.
Blockchain Machine Images supports more than 20 top blockchain networks, including Bitcoin, Ethereum, Polygon, and Avalanche. The normal process of deploying and syncing full blockchain nodes can be both time-intensive and costly, often needing a dedicated infrastructure team to manage. Through the Google Cloud Marketplace, this process is simplified considerably. Now, at the click of a button, nodes can be deployed and updated, and used to power dapps, platforms, and data streams.
Learn More about node deployment
Earn ETH staking rewards on Flare.
Last week we introduced flrETH, a Flare-native ETH liquid staking solution that lets users earn ETH staking yield directly on Flare.
ETH liquid staking protocols like flrETH allow users to earn ETH staking rewards without having to run a validator node. When you deposit ETH, you receive a receipt token (in this case flrETH), which automatically earns staking yield and Miner Extractable Value (MEV) tips, while keeping your ETH liquid. This means that Flare users can gain exposure to ETH without forgoing yield opportunities on Flare.
Twelve new price feeds available on Flare.
Twelve additional price feeds are now available via the Flare Time Series Oracle, bringing the total number on the FTSO to 50. Just like the pre-existing feeds, these will update incrementally with each new block on Flare, ie approximately every 1.8 second. They are free to query on Flare, enabling innovative dapps to access up-to-date information without incurring additional costs.
The twelve new price feeds are: TON, SUI, PEPE, AAVE, FTM, ONDO, TAO, RNDR, NOT, RUNE, HNT, QNT.
Three Governance proposals have been approved.
FIP.10 and SIP.04 proposed to establish an incentive structure on Flare and Songbird (Flare’s canary network) respectively, whereby data providers can gain or lose passes based on their participation across the Flare and Songbird protocols. This system encourages consistent, broader participation and penalizes inactivity, with defined minimum participation requirements for existing protocols.
STP.09 introduced the Flare Data Connector (FDC) to Songbird. The FDC is a protocol that will allow applications to securely import external events onto the Flare networks. The goals of the proposal were to:
Introduce the FDC protocol as an evolution and replacement of the State Connector.
Add the FDC protocol contracts to the Songbird network.
Assign part of the network’s yearly inflation to rewarding the FDC protocol to incentivize provider participation.
In its initial deployment, the FDC protocol will include support for attestation types required for the FAsset system, as well as EVM transaction types.
Meet us during DevCon, Bangkok, Nov 9-17.
The Flare team will be making the most of DevCon this November, with many opportunities to meet with the community and for devs to learn more about Flare and start building using Flare’s native oracles. Join us at any of the events below: