PANews June 6th news, the market shows that Flare Network (FLR) has risen by 9% in the past hour. This rise is related to the launch and rapid growth of its first liquidity staking derivative (LSD) protocol Sceptre. The Sceptre protocol has just launched and has attracted over $1.1 million sFLR supply, equivalent to 38 million FLR staked.


In addition, Flare Networks recently announced the official launch of the beta version of its FAssets system. This test will be conducted in two phases, aiming to provide opportunities for both technical users and ordinary users to experience, and planning to carry out a retrospective airdrop reward. The FAssets system allows users to map assets from different blockchains (such as XRP, LTC, DOGE, etc.) to the Flare network, enabling these assets to be used on Flare and participate in applications such as DeFi.
FLR-2.68%
XRP-4.21%
LTC-6.46%
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