I've spent 3+ years untangling @FlareNetworks so you don't have to. FAssets, FTSO, XRPFi - real numbers, no moonboy talk. Open to content lead roles. DMs open.
WEB3
Joined June 2022
- Tweets12K
- Following296
- Followers2.2K
- Likes17.3K
Pinned Tweet
I turned the FIP Files into a guide.
All sixteen Flare Improvement Proposals in nine pages: what each one changed, the five that matter most if you hold FLR or use FXRP, and what governance still hasn’t settled, like who ends up running FIRE.
It’s free. Subscribe to The Flare Brief and it lands in your inbox straight away. After that, one short email a week with the numbers that moved on Flare.
theflarebrief.substack.com
Which proposal do you think changed the most for holders?
I used to stake ETH with @LidoFinance . I didn't expect XRP to end up protecting their vaults.
Since yesterday, Firelight is the first layer of loss protection on Lido's EarnETH and EarnUSD: up to about $12.1M and $4M for this 30-day period, before Lido DAO's own $5M buffer. Behind it sits a protocol reserve, then FXRP staked on Flare. Lido's treasury pays for the cover.
XRP as the capital, Ethereum DeFi as the client, Flare as the rails. Three communities that mostly argue on this app, working in one setup.
How much of this epoch's capacity does Lido take?
Firelight is bringing onchain cover to @LidoFinance Earn, protecting Lido's EarnETH and EarnUSD vaults against onchain risks.
Terms and capacity are onchain and are reassessed every 30 days against each vault’s risk.
→ app.firelight.finance/
For anyone asking how payouts trigger: there's no claim to file. Firelight monitors the covered markets and assesses the loss after an incident, usually after a 24h stabilization window. An independent Risk Consortium of five firms approves or rejects it. Once approved, the payout runs automatically: protocol reserve first, then staked FXRP. The ceiling is whatever capital is there at settlement.
For a few months I’ve been looking at RWA as a possible buy. @Ondo was the obvious place to start, and it taught me something I’ll apply to every RWA token from now on.
Ondo might be the best business in tokenization: roughly $3.6B in assets, real fees, new products every month. ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 holders get none of it. No revenue share, no buybacks, no staking. The fees go to Ondo Finance Inc., a Delaware company.
That isn’t an oversight. To operate legally in the US, an RWA project needs a corporate structure, and a corporation owes its profits to shareholders. Routing them to a token raises fiduciary, tax and securities questions all at once. The fee switch has been “coming” for over a year, and there’s still no vote.
In August I wrote down three things that had to happen before I’d buy: a published fee switch proposal, a resolution of the court fight over who controls the company, and Ondo holding over 30% of tokenized stocks. Today: no proposal, no ruling, and a share under 25%.
So I’m waiting. On a token that pays nothing, waiting costs nothing.
The question isn’t “will this project succeed?” It’s “will its success ever reach me?” How do you value a token that governs a business it can’t claim?
New chapter unlocked 🎉
Burned my ethereum:0x32b053f2cba79f80ada5078cb6b305da92bde6e1, joined the $RYFT presale, and today it all comes home. Claimed & staked 🩷
Did both like me? Remember: they’re 2 separate claims
🔥 NEURAL burn → Staking tab
🎟️ Presale → Presale › Claims
Grab ~$5 ETH on Robinhood Chain for gas & go 👇
Last week brought the biggest hack in crypto history: $6.3B gone from Binance. Bitcoin's reaction was a drop of about 4%.
Anchorage Digital data puts the average first-day drop after past exchange hacks at 8.3%. The largest one ever did half of that. The market seems to have learned that an exchange getting hacked isn't Bitcoin getting hacked.
I can think of two things that would still really scare it: Satoshi's roughly 1.1M BTC starting to move, or a geopolitical shock on a nuclear scale. Everything else gets priced in by the weekend.
What would be on your list?
On Wednesday Flare's validator joined the XRP Ledger Foundation's recommended list. Ripple's list carries the same 35 keys.
For every XRPL server on the default setup, Flare's votes on new ledgers and amendments now count. It's one key in 35, and XRPL validators aren't paid, so there's no revenue here for FLR. What it does show is that the XRPL's own stewards trust Flare to help run the ledger FXRP depends on.
I broke it down, plus the numbers that moved on Flare this week, in the first issue of The Flare Brief:
theflarebrief.substack.com/p…
Today in Poland is All Saints’ Day. Whole families drive across the country to light candles on graves, and by evening the cemeteries glow.
Yesterday Bitcoin’s whitepaper turned 18. One of the first people to run it was Hal Finney. In January 2009 he tweeted “Running bitcoin” and received the first transaction Satoshi ever sent. ALS took him in 2014.
Tonight I’m lighting a candle for my own people, and one for the builders who didn’t get to see where this went.
Three weeks ago I said this about Tether’s admin key.
On Thursday the same key froze about $1.8B in USDT stolen from Binance. Circle, Ripple and World Liberty followed. Binance puts the total frozen at about $3B.
What nobody could freeze: over 420K ETH, 18,270 BTC and 233M XRP, roughly $2.7B still with the attacker.
I still think the admin key is a risk. I just can’t pretend it didn’t help. Feature or flaw?
@tether blacklisted 4 of THORChain's 6 @trondao vaults (~$1.45M USDT) with no warning and no explanation, then lifted it about 3 hours later.
The reversal isn't the story. The fact that one company could freeze a decentralized protocol's liquidity with a single call, and undo it just as easily, is. A stablecoin with an admin key isn't decentralized money
Anubis ☀️ retweeted
Chrzest Polski wykreślony, Wołyń nazwany „konfliktem”. Pominięto Konstytucję 3 maja, agresję sowiecką w 1939 r., AK, Piłsudskiego, prymasa Wyszyńskiego i ks. Popiełuszkę. Jan Paweł II tylko w rozszerzeniu. Oto nowa podstawa programowa Barbary Nowackiej. Do dymisji, natychmiast.
Anubis ☀️ retweeted
1/ Europe’s stablecoin rules are no longer an abstract compliance exercise. Today Coinbase’s EEA deadline reaches 14 restricted tokens, including USDT, DAI and PYUSD. Customers must withdraw or face conversion of remaining balances. That’s market structure, not a memo.
Added some $FLR below $0.006.
Not calling a bottom. The chart is ugly and the timeline is quiet. But last week a DAO moved 80% of its XRP treasury into Firelight on Flare. Cover went live on October 6. Builders are still shipping and capital is still arriving, even if price hasn’t noticed yet.
I’d rather accumulate when nobody’s watching than chase green candles. Bookmarking this one for future me.
Anubis ☀️ retweeted
As the @FlareNetworks provider ecosystem grows, we’re also seeing different community-built lists emerge to help users discover and evaluate providers.
These lists can use different methodologies and prioritize different things. That means they may not include exactly the same providers, and that is expected. Different lists can reflect different views of what matters when evaluating the provider ecosystem.
Flare does not officially endorse one specific community list as the standard.
For Flare-operated products such as the Portal and Systems Explorer, provider discovery can draw from multiple sources and signals rather than treating any single list as authoritative. We’ve updated this today so providers appearing across the current community lists can be surfaced.
We think having independent lists is useful. They give the community different views of the provider ecosystem and help show what different groups consider important when evaluating providers.
🔗 Explore the different providers here:
portal.flare.network/staking
flare-systems-explorer.flare…
Hugo’s point changes the yardstick. If you stake or delegate, your dilution isn’t 3%. It’s the 20% infra share, about 0.6% of supply, roughly 516M FLR a year, and it’s the part most likely sold to pay for servers.
That’s the first number FIRE has to cover. On Flare’s own Dune dashboard, FIRE has collected about $14K a month since September, roughly 28M FLR a year at today’s price. That covers about 5% of the infra share today.
Around 19x to go. Still a long road, but much shorter than the 40x I measured against full issuance on Sunday. Which fee stream closes it first: FAssets, FDC or MEV?
From observation I don’t think people are thing clearly about inflation and how it benefits or dis benefits them. Nor Fire.
Inflation on Flare is 3%. This is low across the space.
If you stake or delegate you get that inflation less the infra share of 20%.
This means that assuming you are staking or delegating your annual dilution isn’t 3% it is actually the infra share IE 0.6%. (It is in fact less as <100% of tokens are staked or delegated)
Infra costs (fiat) money to run, this means that a reasonable amount of that 0.6% probably does hit the market.
Price is formed not by esoteric thoughts on long term fundamentals but by marginal buyers and sellers.
Whilst FIRE’s long term goal is to completely neutralise all inflation, the first goal is to neutralise the primary source of needed selling generated by the network’s existence that comes from the infra share.
This is a much lower number and much more quickly attainable than the full 3% - whilst to reiterate that still remains the goal.
Quantic is right: 2026 hasn’t been the clean “everything pumps” year.
So here’s a holder’s honest look at Flare ’s year, both halves of it. Some of it is behind schedule. Some of it is being built quietly. 🧵
Some thoughts on Q4, Flare and the future:
It is no secret that we don't have that clean “everything pumps” setup people want. Global growth seems to be holding up, but inflation remains a concern and there is still significant uncertainty around several geopolitical tensions.
That being said, crypto adoption and institutional rails continue to improve. It is as simple as looking at the new wave of social trading, RWAs, stablecoins and tokenization.
The industry is clearly maturing and demanding higher standards.
Now, if you look at Flare's role and growth during this year, I think it's fair to say it has been a year of consolidation: FIP.16 significantly improving tokenomics around value capture and inflation reduction, the creation of the largest DeFi ecosystem around XRP, infrastructure now powering unique use cases the industry needs, like DeFi cover, and the foundations being laid for Confidential Compute, something that opens doors people are only beginning to imagine.
We haven't seen explosive growth, which isn't surprising given the broader macro environment, and the path for XRPFi growth has not been easy. But if you take a minute to reflect, you'll see the slow, consistent progress.
On my part, I know we still have key deliverables before EOY, some of which I think very few people expect, particularly around broader industry recognition and adoption of some of our core protocols, and Flare's role in an increasingly interoperable world.
The future is uncertain, and perhaps the bear phase is not finished. But one thing is clear: those laying the foundational pieces for growth are better positioned for when the next positive sentiment catalyst arrives.
I'm very optimistic about everyone building now and playing this game with a long-term horizon.
So no grade from me. Questions instead, to the people building it.
@HugoPhilion the 2025 goal was 10-50x TVL. What's a realistic target for 2027?
@0xthanos what holds DeFi TVL back most today: stablecoin liquidity, mint capacity, or borrow demand?
@_WaterAmi what's the one story from this year you wish more holders knew?
@j00sko which part of this year's tech is the most underrated?
@fassko @timrowley_au what can you show us from FCC?
TVL data: defillama.com/chain/flare
