Flare Network's decentralized finance (DeFi) ecosystem, SparkDEX, has announced improvements to its contract that allow users to qualify for various incentives when depositing cUSDX and WFLR into the pool. These incentives include earning rFLR, FlareDrop, FTSO delegations, and cUSDX rewards. This update is expected to boost the Flare ecosystem and enhance its presence in the expanding DeFi sector. Additionally, Flare has integrated Polyhedra's zkBridge, a technique that improves security and facilitates cross-chain value transfers, providing more secure bridging between blockchains. With its connection to Stargate Finance, Flare has increased liquidity and supports assets such as USDC, USDT, and ETH, enhancing its position as a center for cross-chain liquidity. Flare's native token, FLR, is currently trading at around $0.01586, showing a slight increase over the past 24 hours and 30 days.
- Content Editor ( crypto-news-flash.com )
- 2024-10-05
Flare Boosts SparkDEX with New Rewards for cUSDX and WFLR Holders