CandleFocus Flare introduces flrETH: a high-yield liquid Ethereum staking token on Flare
2024-10-30
Author: Content Editor
Flare has introduced flrETH, a liquid staking token for Ethereum, which allows users to earn staking rewards while maintaining ownership and liquidity of their assets. The new solution, developed by Dinero, offers a 7% annual yield and can be traded for WETH via SparkDEX. Flare plans to incentivize flrETH pools and integrate it into their FAsset collateral system. The addition of flrETH expands Flare's DeFi ecosystem and provides users with new opportunities for earning competitive yields.
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