Huge news for the Flare ecosystem: FAssets incentives are now live.
@FlareNetworks has launched the FAssets Incentive Program, allocating 2.2 billion FLR to accelerate the adoption of its modular, institutional-grade DeFi ecosystem centered around decentralized assets like $FXRP, $FBTC, and $FDOGE.
This initiative builds on the foundation laid by FIP.09, which introduced key infrastructure including stablecoins, liquidity incentives, and lending routes.
Since then, Flareâs TVL has surged from $9.95m to nearly $151 million.
Incentives are now live across platforms like SparkDEX, offering APYs up to 40% on key trading pairs.
Additional primitives under development include a modular lending protocol, a CDP system, and a yield trading platform.
This marks Flareâs shift from infrastructure to ecosystem expansion, aiming to attract institutional participation and provide even greater yield for all the ecosystem participants.
I really enjoy Flare's vision and expansion tactics. Make sure to catch those juicy APYs.
Get ready: One more rFLR distribution is on its way, wrapping up FIP.09 â the catalyst for Flare DeFi!
What's next for Flare? We're announcing tomorrow.
tldr: you're still early âš
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