Question 1

What is the FlareDrop claim amount?

Accepted Answer

The amount of FlareDrop tokens you can claim is based on your relative share of all WFLR (wrapped FLR) you hold in your wallet during the random snapshots.

Question 2

How long do I have to claim my FlareDrops?

Accepted Answer

You have 67 days to claim your FlareDrop tokens. After this period, unclaimed tokens will be permanently burned.

Question 3

What is the grace period in FlareDrops?

Accepted Answer

The grace period is 7 days during which no snapshots will be taken. This allows you to adjust your WFLR balance without affecting your eligibility for the next FlareDrop.

Question 4

What tokens are eligible for FlareDrops?

Accepted Answer

WFLR (wrapped FLR) and actively staked FLR are eligible to receive FlareDrops. Make sure to wrap your FLR or stake them to be eligible.

Question 5

How is the distribution period calculated?

Accepted Answer

Three random snapshots are taken in the 23 days preceding the next FlareDrop distribution. All eligible tokens are included in these snapshots to calculate your average participation.

Question 6

What are the important FlareDrop dates?

Accepted Answer

Every 30 days, each installment is proportionally allocated to wallets holding wrapped FLR (WFLR). Tokens must be claimed within 90 days or they will be burned. The average WFLR balance is calculated based on 3 random blocks chosen from the 23 days prior to the distribution date.

Question 7

What determines the FTSO reward range?

Accepted Answer

The FTSO reward range is determined by several factors: provider uptime, price prediction success rate, and delegated vote limit. Better performing providers offer better reward rates.

Question 8

How can I change my FTSO data provider?

Accepted Answer

When changing data providers, the change will take effect according to the lock block of the next reward epoch. This ensures an orderly transition without reward loss.

Question 9

When do FTSO rewards expire?

Accepted Answer

FTSO rewards have a 67-day period to be claimed. After this time, unclaimed rewards expire and will no longer be available.

Question 10

How do compound rewards work in FTSO?

Accepted Answer

Claimed rewards will not be added to your locked delegated total until the next epoch. To maximize compound rewards, you must claim and re-delegate before the next epoch's lock block.

Question 11

Is the autoclaim feature available in FTSO?

Accepted Answer

In FTSO Phase 2, the autoclaim feature is not available. You must manually claim your rewards or use third-party services that offer this functionality.

Question 12

How do I claim my FTSO rewards?

Accepted Answer

In Phase 2, rewards are manually triggered and paid in batches of 4 epochs. You can claim through applications like FTSO AU or by directly interacting with smart contracts.

Question 13

How many data providers can I delegate to?

Accepted Answer

A token holder can delegate their voting power, by percentage, to a limited number of data providers, currently set at 2 per address. This limit is imposed by Flare Network.

Question 14

What happens when my stake expires?

Accepted Answer

When your stake expires, you will need to re-stake with a new expiration date to continue earning rewards. Your tokens will be returned to your P-chain address.

Question 15

What is the Soft Cap in staking?

Accepted Answer

The Soft Cap establishes that a validator can have a maximum of 5% of the total FLR staked on the network. If this limit is exceeded, rewards are proportionally reduced.

Question 16

What is the Hard Cap for validators?

Accepted Answer

A single entity (data provider) can operate a maximum of 4 validators. The 5% stake limit covers all their validators, meaning 5% of the sum of all four validators' stakes.

Question 17

How many validators can I stake to?

Accepted Answer

You can stake to a maximum of 3 validators. There is no limit on the number of positions you can have open with each validator.

Question 18

Can I unlock my tokens early?

Accepted Answer

Once locked, there is no option to unlock your tokens early. They will unlock and return to your P-chain address when they expire. If you stake to a validator for longer than the validator's end time, your stake will expire when the validator's stake ends.

Question 19

Can I use my staked tokens for other purposes?

Accepted Answer

After communication between P- and C-chains becomes available, rewards will be managed entirely on-chain. The goal is for staked funds on the P-chain to have the same rights as wrapped FLR on the C-chain, opening the possibility to earn FTSO rewards, FlareDrops, and participate in governance.

Question 20

What is vote delegation in Flare?

Accepted Answer

Vote delegation allows WFLR holders to assign their voting power to FTSO data providers. Reward epochs last approximately 3.5 days, and rewards are distributed based on the performance of the chosen provider. You can delegate to a maximum of 2 providers per address.

Question 21

What is a non-custodial wallet?

Accepted Answer

A non-custodial wallet is one where only you have access to your private keys and seed phrase. Examples include MetaMask and Bifrost Wallet. You are solely responsible for the security of your funds.

Question 22

What is FTSO V2?

Accepted Answer

FTSO V2 is the improved version of the Flare Time Series Oracle that provides 50 anchor updates every 90 seconds, offering more accurate and frequent price data for DeFi applications on the Flare network.

Question 23

How does FAssets work on Mainnet?

Accepted Answer

With FAssets on Mainnet, users and DApps can earn FLR tokens from the incentivized cross-chain pool, in addition to DeFi yields. This allows bringing assets from other blockchains like Bitcoin to Flare in a decentralized manner.

Question 24

Where is the FAssets system tested?

Accepted Answer

Initial testing of the FAsset system takes place on the Coston testnet, then it is deployed to the Songbird canary network before being fully integrated into the Flare mainnet.

Frequently Asked Questions

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FTSO Rewards

Validator Staking

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