The recent updates on Flare's FAsset testing on Songbird have gained attention due to its design and limitations. The co-founder of Flare, Hugo Philion, explained that the testing phase is intentionally limited, with a $2 million per asset cap and restrictions connected to agent and pool collateral. Philion addressed concerns about agents not putting more collateral near the cap, stating that the small risk coverage provided during the testing phase is the reason. Flare Labs is covering the risk up to $300,000 for possible code exploits. This limitation will remain until the testing phase is complete and FAssets transition to Flare's main network. Flare's focus on security and trust is further demonstrated by their partnership with ChainPatrol to enhance Web3 security. Despite these developments, Flare's native token, FLR, has experienced recent market swings and has seen a decline in value.



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