#flare #spark #xrp #airdrop Flare Finance is a decentralised finance (DeFi) platform for XRP and Flare holders.
In this article I will provide a quick summary of everything you need to know about Flare Finance. Currently, most of the information is about the airdrop, this is a live document as will update as we learn more outside of the airdrop though so be sure to check in!
Airdrop
Flare Finance will be airdropped to holders of Spark Token/Flare Network (Which was airdropped from holding XRP) via a token called dFLR (The DAO token for Flare Finance)
The current ratio for the airdrop is not known and will be more clear as the supply total for Spark is known.
If you set your Spark to be airdropped to a wallet that you self custody, you will receive 100% of your Spark allocation in the drop (not just the 15% you receive first).
For exchanges, this will depend on whether they participate in the Flare Finance airdrop. If exchanges do not participate you will have to move your 15% drop to the relevant wallet, the remaining 85% will not be eligible.
When you receive your dFLR, you will have 7 days to swap this for yFLR in order to begin utilising the DeFi platform (more information on yFLR at
https://flr.finance/static/media/FFShortPaper.b61a58ee.pdf ). You will be able to swap dFLR for yFLR on a 1:1 ratio via their DEX (FlareX)
There is not a set date for the airdrop yet, but public access is expected within 4-6 months
Early Access
There are a few ways you can receive early access/information on Flare Finance:
Mailing list: For information and exclusive access to the whitelisting event sign up to their mailing list on
https://flr.finance/Samurai Program: Earn 'entry points', which will be utilised later for Flare Finance
https://bounty.flr.finance/Beta access: Register your interest in taking part in the beta launch
https://beta.flr.finance/Participate in their telegram and discord groups to earn reputation which will be taken into consideration
