$BANK CA: 0x194726F6C2aE988f1Ab5e1C943c17e591a6f6059

FlareNetwork
Joined April 2024
Thanks @Hashlock_, security is key 🔒🤝
FlareBank has completed its Hashlock smart contract audit, achieving a "Secure" rating. ✅ Proof that their Flare Network vault system is robust and ready for users. FlareBank continues to light the way for secure DeFi on the Flare Network. 🔥 You can check the full audit report here: 🔎 hashlock.com/audits/flareban… Full story here: kryptowheel.com/flarebank-ac…
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FlareBank retweeted
Huge thanks to @HugoPhilion and the Flare team for onboarding @Morpho permissionless credit markets! The wFLR/BANK credit market is now live for testing on Flare! Users can supply wFLR to earn yield or collateralize BANK to take a wFLR loan.
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FTSO Fees for Epochs 437, 438, 439 have been claimed The DAO now holds: 3,289,640.88 wFLR 218500.38 BANK(~4,658,253.30 wFLR) 5639.37 fXRP(~1,114,350.33 wFLR) 612.88 stXRP(121,152.78 wFLR) 6.5792 HYPE(78066.31 wFLR) 0.2214 wETH(77580.12 wFLR) 53,226.15 sFLR(~100,435.03 wFLR) 2179.96 CDP(306559.38 wFLR) 156.02 USDC(22059.24 wFLR) 0.09489 APS(7197.55 wFLR) Total DAO TVL ~9,775,294.92 wFLR(68,445.13 USD)
FTSO Fees for Epoch 415 & 416 have been claimed bringing the YTD infra fees collected to 4,322,869.72 wFLR! The DAO now holds: 3,085,292.11 wFLR 187,226.17 BANK(~4,148,763.42 wFLR) 5749.91 fXRP(~964,083.20 wFLR) 606.85 stXRP(102,037.69 wFLR) 53,226.15 sFLR(~98362.28 wFLR) 2249.05 CDP(328,838.74 wFLR) 0.05659 APS(3666.26 wFLR) Total DAO TVL ~8,731,043.70 wFLR
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FlareBank retweeted
The second snapshot for @FlareBank stakers for the hybrid wFLR/BANK airdrop is complete! The list is too long to post here, but feel free to join the Telegram channel to confirm that your address is correct.
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Ok, so a little bit of controversy after @HugoPhilion's meme post apparently. Obviously, I prefer serious financial products, and think @FlareNetworks is going to be home to a number of them that are relatively unique in this space. That said, currently the bulk of the Flare community is...kinda boring. Now, don't get me wrong, I completely understand the drive to focus on min/maxing yields, squeezing every last bp out of your existing funds, trusting in the power of compounding to catapult your responsible decision making and metered risk taking into generational wealth. But...it's boring. It's not fun to talk about. It's not fun to do. It's not fun to watch. Because those products are not supposed to be fun. They are supposed to be reliable, consistent, and boring. But reliable, consistent, and boring products do not make an enticing ecosystem and community. So while the spreadsheet obsessed part of my brain hates to do it, I make it a point to take a small part of my onchain income (be it from dex fees, delegation/staking rewards, incentives, stability pool fees, QPY Cloud rewards, etc) and throw it into things someone else built that I think are interesting. Even if I don't necessarily think I will see a return on those things. Because I'm not always right. Because the things I think are important are not always what will build a bigger community and more successful ecosystem. And, because I want to see more builders, not less, and building is hard when you have an idea, a plan, a drive, but no idea whether it will resonate with anyone else out there. So ya, I bought some $BUGO to be a part of whatever @BugoFLR ends up doing, because why wouldn't I want to be a part of that community. And I deposited some $FLR into @FlareBank, because I like the concept and I want to be part of that community too. And I bought some $FCAT from @thedefimontana's new product, because it seems like it could be a fun thing to mess with and I want to be part of that community too. And I minted NFTs from @block_bonez and @_DigitalDynamix because @CommunityFlare rocks any why the hell wouldn't I want to support him building here and be a part of his communities. I try to at least test everything @flareforward puts out, because currently I don't think there is a more dedicated small group of builders/community members on the network and why wouldn't I want to be a part of their community. And I minted sFLR from @SceptreLS because they were the first to unlock LSTs on Flare and make staking a simple process and why wouldn't I want to be a part of their community. And I trade perps and supply liquidity for perps on @SparkDexAI because they were the first to bring perps to Flare and have done a lot to mainstream defi activity on the network and why wouldn't I want to be a part of their community. And I lend and borrow with @Kinetic_Markets because they created the home for the initial explosion of liquidity on Flare and why wouldn't I want to be a part of their community. And I stake a chunk of my $FXRP with @Firelightfi because what they are building has a ton of potential in this space, and why wouldn't I want to be a part of their community. And there are countless other things I have tried out, bought, supported, gained from, lost on, etc. Some of them are serious, some are not, and some are in between. Because the @FlareNetworks isn't just a serious community, with serious people and serious ideas. It's also a community for experimenting, having fun, shit talking, meme-ing, winning, losing, dreaming, learning and growing. So anyway... tl:dr It's ok to have some fun. Not everything has to be serious. Give yourself a play budget. Be a part of the whole community, not just the part you currently land in.
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FlareBank retweeted
The first snapshot for the @FlareBank airdrop is complete! Check the address list to confirm your p-chain and c-chain addresses are correct 👀 There will be 3 more snapshots before the airdrop occurs
As thanks to our stakers for filling our validators we will be doing a hybrid $FLR + BANK airdrop 🪂 BANK can be redeemed or swapped for FLR or held to earn dapp usage driven fees paid in FLR
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FTSO Fees for Epoch 415 & 416 have been claimed bringing the YTD infra fees collected to 4,322,869.72 wFLR! The DAO now holds: 3,085,292.11 wFLR 187,226.17 BANK(~4,148,763.42 wFLR) 5749.91 fXRP(~964,083.20 wFLR) 606.85 stXRP(102,037.69 wFLR) 53,226.15 sFLR(~98362.28 wFLR) 2249.05 CDP(328,838.74 wFLR) 0.05659 APS(3666.26 wFLR) Total DAO TVL ~8,731,043.70 wFLR
FTSO Fees for Epoch 399 & 400 have been claimed bringing the YTD infra fees collected to 4,322,869.72 wFLR! The DAO now holds: 2838010.78 wFLR 167721.70 BANK(~3,374,359.34 wFLR) 4675.82 fXRP(~758,186.38 wFLR) 608.07 stXRP(98651.88 wFLR) 53,226.15 sFLR(~97545.96 wFLR) 2272.13 CDP(271593.13 wFLR) 0.03458 APS(2907.25 wFLR) Total DAO TVL ~7,441,254.72 wFLR
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YTD total will be updated in the next post. Quite some claims to gather.
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We're now off the naughty list and have completed the updates to support the new FIP 16 changes! For some background on why we didn't complete early, there are occasionally bugs in updates. We prefer to give it some time to run smoothly before updating as we have a decent amount of FLR at stake.
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FlareBank retweeted
We've renewed our 2nd Validator self bond with 9,000,000 FLR ☀️ Despite the harsh downtrend, 100% of the rewards will still go to @FlareBank DAO for deployment by the community into Flare's DeFi layer!
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FlareBank retweeted
Congrats Bankers, we've hit a new ATH for validator stake! Massive thanks to the Flare Community for your support. We'll continue to buy the dip and add to our self bond slowly and steadily over time It's been a rough market, but I truly believe the best is yet to come ☀️🌻
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FlareBank retweeted
We have plenty of space, come stake with @FlareBank! Feel free to list BANK as well 😂
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FTSO Fees for Epoch 399 & 400 have been claimed bringing the YTD infra fees collected to 4,322,869.72 wFLR! The DAO now holds: 2838010.78 wFLR 167721.70 BANK(~3,374,359.34 wFLR) 4675.82 fXRP(~758,186.38 wFLR) 608.07 stXRP(98651.88 wFLR) 53,226.15 sFLR(~97545.96 wFLR) 2272.13 CDP(271593.13 wFLR) 0.03458 APS(2907.25 wFLR) Total DAO TVL ~7,441,254.72 wFLR
FTSO Fees for Epoch 384 have been claimed bringing the YTD infra fees collected to 3,775,628.23 wFLR! The DAO now holds: 2,408,379.47 wFLR 137,297.53 BANK(~2,464,490.74 wFLR) 3493.01 fXRP(~592670.64 wFLR) 610.10 stXRP(103414.65 wFLR) 53,226.15 sFLR(~96296.74 wFLR) 2234.77 CDP(279743.90 wFLR) 0.02541 APS(2881.60 wFLR) Total DAO TVL ~5,947,877.74 wFLR
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Epoch 385-390 4015471.7309
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Epoch 391-398
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FlareBank retweeted
$FLR ☀️ : " LIQUID BANK " @FlareBank Drop your FLR in the FlareBank vault. Quad-engine power keeps the yields alive. Mint or buy. Leveraged liquid wFLR. Swap, burn, transfer, yields that never stop! #FAssets #DeFi #XRPFi $XRP @FlareNetworks $BTC $pigeon $LINEA @cand_dao
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FlareBank retweeted
In accordance with FIP 16, we've increased our validator fee to 20% and added an additional 7,000,000 FLR to our self bond! All staking rewards and validator fees go to @FlareBank DAO and are allocated by community vote. Current vote is 60% to buy back BANK and 25% to FXRP
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FlareBank retweeted
Our $NEAR Validator just crossed 114,000 NEAR staked! Thanks again to the NEAR community for staking with us 🔥
Our $NEAR Validator just crossed 40,000 NEAR staked! Huge thanks to the NEAR community for staking with us 🔥
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FTSO Fees for Epoch 384 have been claimed bringing the YTD infra fees collected to 3,775,628.23 wFLR! The DAO now holds: 2,408,379.47 wFLR 137,297.53 BANK(~2,464,490.74 wFLR) 3493.01 fXRP(~592670.64 wFLR) 610.10 stXRP(103414.65 wFLR) 53,226.15 sFLR(~96296.74 wFLR) 2234.77 CDP(279743.90 wFLR) 0.02541 APS(2881.60 wFLR) Total DAO TVL ~5,947,877.74 wFLR
FTSO Fees for Epoch 361 have been claimed bringing the YTD infra fees collected to 2,948,270.87 wFLR! The DAO now holds: 2,172,720.20 wFLR 86,615.87 BANK(~1,764,365.27 wFLR) 2997.62 fXRP(~556,453.034 wFLR) 620.50 stXRP(115,152.56 wFLR) 53,226.15 sFLR(~92,563.15 wFLR) 2262.62 CDP(197,055.27 wFLR) 0.00499 APS(1147.03 wFLR) Total DAO TVL ~4,899,456.51 wFLR
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Epoch 366
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