- Flare upgrades SparkDEX to permit cUSDX and WFLR deposits, enabling FlareDrops and FTSO rewards.
- Polyhedra’s zkBridge integration enhances Flare’s security and unhealthy-chain value transfers with zk-proof abilities.
In a tweet, Flare recently revealed a predominant enhance to SparkDEX, the first AI-pushed DeFi ecosystem housed on Flare Network. The SparkDEX contract has been improved within the unreal to let customers who deposit cUSDX and WFLR into the pool qualify for several incentives.
Whereas aloof incomes rFLR, users can now extinguish FlareDrop, FTSO delegations, and cUSDX incentives. In particular within the rapid-expanding DeFi build apart, this circulation is thought to be a predominant enhance meant to enhance the Flare ecosystem even more.
SparkDEX will make stronger its contracts on the unique time on October 4th to enable users depositing cUSDX and WFLR in swimming pools to be eligible for FlareDrops, FTSO delegation rewards, and cUSDX rewards while incomes rFLR.
All SparkDEX liquidity suppliers ought to be ready emigrate their… https://t.co/LSsbHr0x5d
— Flare ☀️ (@FlareNetworks) October 4, 2024
Strengthening Flare Security with zkBridge Integration
Furthermore, a enormous highlight became once Polyhedra’s zkBridge integration into Flare. A prior CNF epic necessary that thru zk-proofs, a model more and more linked within the blockchain scene, the zkBridge improves Flare’s security and facilitates unhealthy-chain value transfers.
Hugo Philion, co-founding father of Flare, underlined that the zkBridge integration affords the Layer Zero interoperability protocol with an extra stage of security, enabling more safe bridging between several blockchains.
Flare’s long-term thought calls for this to support it to be a obtain and accurate blockchain platform for patrons and builders.
Beside that, we also reported Flare’s reference to Stargate Finance, which critically increased liquidity previously. By using this connectivity, liquidity from more than 25 blockchains can hotfoot with the toddle naturally into Flare.
The network now helps foremost resources, at the side of USDC, USDT, and ETH, using Stargate V2, hence creating more potentialities interior the DeFi ecosystem. This integration is supposed to present a raise to Flare as a center of unhealthy-chain liquidity and interoperability.
Meanwhile, Flare’s native token, (FLR), is swapping fingers at roughly $0.01586 on the time of writing this article; it has increased 0.40% over the last 24 hours and 7.00% over the last 30 days.
