Sceptre, the brand new liquid staking protocol for Flare's “blockchain of information,” has launched in non-public beta.
Designed to maximise FLR yield, Scepter will enable customers to make use of their tokens in DeFi protocols whereas persevering with to earn native Flare rewards and month-to-month FlareDrops.
The Scepter protocol was developed by Rome Blockchain Labs (RBL), which can also be constructing the lending and borrowing platform Kinetic. The 2 protocols will work hand in hand to assist maximize the performance of the FLR token.
Billed as a blockchain for information, Flare has three native reward mechanisms:
- Wager on infrastructure suppliers to help community consensus and safety
- Delegation to Flare Time Collection Oracle to help supply of decentralized information to the community
- FlareDrops month-to-month earnings for becoming a member of the community.
Hugo Philion, co-founder of Flare, welcomed Scepter to the ecosystem:
“Flare Tokenomics, and particularly the 36 month-to-month FlareDrops that may run till January 2026, have a whole lot of weight with the group, with nearly 60% of all tokens allotted to them. With Scepter and liquid staking, builders can reap the benefits of this engaging atmosphere realizing that potential customers of their dapps will nonetheless have entry to those native rewards.
With liquid staking, holders can proceed to earn these rewards whereas utilizing the liquid staking variant, sFLR, to earn further income in different protocols. This will increase the practical liquidity of the FLR token and creates a extra engaging constructing atmosphere for builders.
Customers begin by staking their FLR with the Scepter and obtain sFLR in return. sFLR continues to build up native Flare rewards whereas offering full liquidity. After withdrawing from the platform, the consumer will obtain their preliminary deposit plus rewards and FlareDrops, minus the protocol price.
Initially, Scepter will enable customers to make use of sFLR to take part in lending protocols and dex liquidity swimming pools, however RBL indicated that different use instances are additionally within the pipeline.
Alexander Elhorst, COO of Scepter, introduced the launch of Scepter's non-public beta:
“Flare is a younger and energetic community. Liquid staking will enable the expansion of its DeFi ecosystem to speed up much more. We see a vivid future for the chain and wish to assist construct it. We’re excited to supply the primary liquid staking protocol on the community and look ahead to working with different ecosystem tasks to combine sFLR.”
