Hugo Philion ☀️
@HugoPhilion
Followers
111K
Following
5K
Media
61
Statuses
5K
Almost all future usecases of the blockchain (AI, Gaming, Identity, Real World Assets etc) will require some amount of external data attested onto chain. Decentralisation (without it there is no safety), scalability and low latency are key. Flare is the blockchain for data.
163
570
2K
We didn’t build Songbird so you could get a payoff. We built it as a test and governance network for making Flare better. If you are going to be part of our community have some long term vision and contribute, otherwise feel free to show yourself the door.
699
497
4K
For all those asking where their $FLR is. We are upgrading Songbird, before the end of March 2022, with the final 2 protocols required before Flare launch. This will then allow us to proceed to Flare launch. A full roadmap to Flare launch will be release in the coming weeks.
510
867
4K
1/ I made a mistake invoking governance over the distribution. I am cancelling the proposals. The distribution will remain 15% and then 3% per month. If tax creates sell pressure then a governance proposal can be submitted by the community to curtail the distribution.
679
606
3K
I suggest showing kindness to people who express their frustration that Flare has not been launched yet. We are working hard to make sure that what is launched is as secure as possible but it���s completely my fault for suggesting timelines in the first place. Mea culpa.
548
323
3K
Flare is building a system that solves some of the biggest problems in the space and unleashes robust cross chain interoperability. This takes time but we are almost there.
264
511
3K
Markets go up and down. We are building Flare for the duration. Those squealing about some volatility should find a backbone or exit the market.
140
362
2K
Hidden Road is an unbelievably interesting deal. If Ripple pull off a strong integration between HR and the XRPL then honestly I can’t see how XRPL doesn’t eclipse in value almost all other networks. Pretty great position for Flare to be in as we can enable many many additional.
87
479
2K
I don’t care what some BTC Maxis say, 2025 is the year of XRPFi. Flare will be a big part of this.
132
469
2K
$134Bn of XRP will soon be able to get yield on Flare through FXRP and also native XRP Staking.
204
479
2K
Congratulations @bgarlinghouse @JoelKatz @chrislarsensf Ripple and all the XRP community. The future is brighter now.
45
287
2K
I’m more excited by what we are working on at Flare than ever. ☀️.
203
285
2K
I want Flare to provide a similar service to XRP that Babylon provides for Bitcoin. I will personally pay a grant of $500k in FLR to a group that builds a fully fledged staking service for XRP on Flare (through FXRP) using Flare’s FDC to slash stake. The purpose would be to allow.
113
487
2K
Mainnet codebase has now been released to exchanges so that they can start integrating with the network. Next step: Releasing the codebase publicly.
192
464
2K
Hey @brian_armstrong we are getting radio silence from your team and would really like to help @coinbase distribute Flare’s token as agreed. We will dedicate as many people as needed from our side to make it happen.
Coinbase will support @FlareNetworks’ Spark airdrop. Customers in approved jurisdictions who hold XRP in their accounts on the snapshot date of Dec. 12 will qualify to receive Spark tokens. We plan to distribute the airdrop after the Flare network launch.
304
557
2K
Flare is building a highly advanced DeFi ecosystem around XRP.
137
437
2K
Flare now serves many networks making the opportunity very much larger- it didn’t before. Those that come to Flare from outside of XRP must be able to participate on equal terms going forward. If you are receiving the initial distribution you are in a highly privileged position.
196
301
2K
Flare and Songbird are being built to support interoperability for the entire blockchain space. FAssets for non smart contract tokens and LayerCake for smart contract tokens. The case against Ripple does not determine the Flare launch date.
162
378
2K
I’ll write up a blog post next week to cover exactly how we will deal with the $FLR distribution with respect to exchanges. It will be fair but firm.
218
306
2K
Congratulations @Ripple! A big day!.
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let's build.
37
224
2K
With regards to exchange distribution of the $FLR token. We have reached out to the largest exchanges to get full definition on what they require in order to distribute the token, so that Flare meets those requirements.
189
261
2K
Flare’s institutional partner is building XRP staking on Flare. When you stake your XRP on Flare, you will be securing networks and services across multiple ecosystems. In return you will be earning tokens from the services you stake to. Staking is very low risk as validators.
131
423
2K
If reports are accurate it looks like Flare may need to relocate. 🇺🇸.
0
313
2K
Part of the solution to growing our industry is building something that is actually useful to a very large number of people. This is what we at Flare are working on by enabling Web2 to Web3 composability through the StateConnector. ☀️ #ConnectEverything.
282
350
1K
I understand that people are frustrated about the delay in distribution. I am equally if not more frustrated. There are so many useful things that myself and the team could be doing other than liasing with exchanges at this point. 1/13.
438
298
1K
2/ People who are concerned about tax will be able to opt out of the 3% monthly distributions. Make sure you are aware of your responsibilities to pay tax in each of your countries.
168
130
1K
If you like XRP, Doge, Bitcoin or low latency decentralized data, you will LOVE Flare.
86
302
1K
To be abundantly clear, Flare will be ready to do TDE next week. We are waiting on coordination with 100+ exchanges so the distribution is orderly, so that everyone that should get their tokens does and so that they all get them at broadly the same time.
0
350
1K
We are building Flare because we think users and developers shouldn’t have to rely on a small centralised group of people/entities to: bridge tokens, get data from other blockchains & get data from outside of blockchains. Decentralisation is derisking.
78
267
1K
As stated in multiple places: Flare will launch after testing of the FTSO, State-connector and F-Asset smart contracts on Songbird. Currently the FTSO is deployed on Songbird.
201
262
1K
I’m seeing a lot of messages about “the bull run” and people saying “release FAssets now”. 1) We cannot release FAssets until the FTSO has a reliable price for USDX. We are waiting for USDX to be listed. This up to the issuer of USDX and is out of our hands. 2) If you really.
172
259
1K
If you are one of those people that puts “wen token” under everyone of our posts - the answer is Jan 9th 2023.
244
217
1K
Some Songbird FTSO statistics: . - 50728 FTSO delegators, delegating 4.35Bn SGB. - Almost 100 FTSO data providers. - 353M SGB earned from the FTSO. These would be huge numbers for any large chain. For a Canary net they are astounding. The community is strong!.
113
287
1K
FXRP V1.1 Update: . The first audit is complete. V1.1 can now proceed to Songbird launch.
109
386
1K
When a civilisation becomes so degenerate so as to try to rehabilitate someone like @SBF_FTX it has lost any sense of honesty, honour, integrity and shame. Such a civilisation must be consigned to the dustbin of history.
107
269
1K
Holy hell. FXRP reached 100% minted in less than an hour!!!! Join me in 1 minute for our ecosystem call.
91
259
1K
I’ve reached out to Celsius. I will do my best to make sure that Celsius users can get their FLR. I can’t guarantee anything at this point.
197
141
1K
Imagine a defi hub where the liquidity is in XRP, BTC, Doge and all the ETH coins. That’s what we have been building at Flare.
73
308
1K
It is terrible that some teams are losing their runway due to FTX. Flare has no exposure to FTX and no exposure to any exchange, barring a very small amount loaned to market makers. In short, Flare’s runway is intact.
110
197
1K
Just a few test transactions before we open the system up some time next week.
98
349
1K
FXRP will enable XRP to come to Flare and also other ecosystems through LayerCake. This let’s dapp developers build dapps that can interact with the multiple crosschain assets that will exist and already exist on Flare. Now if hooks were on the XRPL Flare could also serve its.
75
307
1K
$80M bridge hack today. Bridging is arguably one of the hardest engineering tasks in crypto. Flare intends to build a better, safer bridging system but this demonstrates why we released Songbird first.
99
296
1K
Update. Coinbase have emailed to say that they will come back to us in a day or two to finalise next steps. I’ll keep the community updated. Thank you @coinbase @brian_armstrong.
Hey @brian_armstrong we are getting radio silence from your team and would really like to help @coinbase distribute Flare’s token as agreed. We will dedicate as many people as needed from our side to make it happen.
142
223
1K
Federated Sidechains can also be connected to LayerCake 🍰. This makes things very interesting.
86
258
1K
The staking protocol that Flare is collaborating on will allow both native XRP and FXRP to be staked to provide economic security to a service. This could be a new chain, L2, bespoke oracle or even a decentralized AI protocol. The XRP staked to this service secures that protocol,.
Who wants yield on their XRP?.
210
237
1K
I’m more convinced than ever that building a CNRY NTWRK for people to learn on was strategically the correct step.
134
120
1K
Some in the community expressed concern re @FlareFinance. In the last day I have spoken extensively with the Flare Finance team. They have outlined some positive product, brand, transparency and management initiatives which will be communicated by them in the coming weeks.
181
180
1K
This is huge for Flare.
LayerZero V2 integration connects Flare to 50,000 dapps across 75 blockchains.☀️. Build on @FlareNetworks to access vast quantities of new users & sources of liquidity, while maintaining the highest standards of decentralization and security. Full story:
64
301
1K
Great to spend time with a large part of the Flare team in Slovenia 🇸🇮
92
54
1K
One of the things that I find most interesting about crypto is that most of the builders (with a few notable exceptions eg Ripple) don’t understand the rules by which tradfi needs to play. They end up making systems that aren’t sufficient for big players to conduct business. This.
60
239
1K
I completely understand the frustration that FAssets have not been put into production yet. We completely restructured the FAsset model to enable multiple collateral types (stablecoin + FLR/SGB). This took time as the entire codebase had to be rewritten but it makes the FAsset.
129
237
1K
Since the RLUSD x Chainlink announcement I’ve had a lot of questions as to why Flare isn’t competing in the oracle space by offering its oracles on other networks. The answer is simple, the external oracle business isn’t a good business. You can see here the fees generated by.
127
304
1K
A race to make quick money has seen crypto replicate many of the structures it originally sought to replace and enabled the building of cross-chain protocols that sacrifice safety and decentralisation. The market is reaping the effects of this nonsense. #buildbackbetter #flare.
90
211
1K
🧵I understand why some people are annoyed with FIP01. It feels like a betrayal. But let me give you a few of the things we are dealing with.
371
264
1K
FAssets will launch on Songbird, provided nothing material changes, within 2024. There they will be tested in the wild. If no major issues are found they will transition to Flare 1-2 months after launch on Songbird.
99
305
1K
Flare is nothing without its token holders, active community members, Infrastructure providers, backers, exchanges, educators & dApp and NFT developers. Myself and the whole community thanks you for your support and activity in 2023. 2024 will be the year of data and AI in.
100
175
1K
Smart contracts on XRPL would make FXRP even better. This would make it even easier for XRP to come and be used with all the other assets on Flare coming from other ecosystems such as FBTC and bridged assets through Stargate. Additionally for usecases that don’t require.
47
278
1K
FAssets V1 will be launched on Flare shortly. FAssets V2 will launch in late Summer and will solve the collateral constraints of V1 - meaning unlimited minting.
134
300
1K
WTF. Why would you post this? .Downtrend or not (much more likely not IMO) FXRP is coming….
$XRP is already down 10% from its peak five days ago. Got plans for the next 7 years of the downtrend?.
79
181
1K
FAssets Open Beta has now been launched! 🚀 🚀 🚀.
FAssets Open Beta is here ☀️. Phase 1 starts now: technical users get early access and help shape the #FAssets system. Phase 2 launches soon: everyone is invited to mint FTestXRP with the FAssets dashboard. A retroactive airdrop is planned 📷. Details:
45
268
1K
Maybe only the weird and wacky is propagating across soc media but watching the hubris and idiocy evident at #MiamiBitcoin2021 from afar makes me sick to my stomach. In reality much of the industry is composed of thoughtful decent people who want to build something excellent.
69
169
1K
@IOHK_Charles Delighted to talk with you about supplying Flare’s oracles to #Cardano.
📢 Attention #Cardano community. @IOHK_Charles said "We need good oracles in our ecosystem". @FlareNetworks has the next generation of decentralized oracles that is more decentralized, cost effective and power than LINK. You need to get Charles to talk to @HugoPhilion asap. If
52
274
1K
To our community and the wider community. If you have lost money recently I know that it is gut wrenching but please, please remember that it is just money. It is never worth your life. 1/3.
77
172
980
Network/ecosystem benefits of FIP01:.- Incentivises network participation and new ecosystem entrants. - Shifts FLR to those that participate from those that don’t. - Reduces overall inflation. - Incentivises infrastructure providers.-> Safer, more decentralized network.
234
242
964
Staking $XRP & $BTC to secure 3rd party services > staking already staked $ETH to secure 3rd party services. This is why I’m funding a native staking protocol starting with $XRP and using Flare data protocols for slashing.
40
235
1K
I, for one, am particularly glad that there is now an AMM on XRPL. It will be useful for FXRP agents that need to source XRP. Clearly there are some kinks to be ironed out but that will happen.
34
189
973
I cannot thank the team @krakenfx enough for their support of Flare. Enabling staking (FTSO delegation) is massive.
Update on the $FLR @FlareNetworks distribution!. ✅ Funding is now enabled. Here’s what to expect next:.🗓 Airdrop distribution to take place soon.ℹ️ Staking and Trading will be available. More details 👉
68
209
966
Bitcoin has staking through Babylon. Ethereum has restaking through Eigenlayer. Soon XRP will have staking through Flare. Your XRP will be able to bootstrap protocol security across a load of verticals. What kind of protocols would you want to stake to?.
141
229
1K
Another hack today of a major bridge. Blockchain is a competitive landscape. Rushing to market made sense in Web2 to acquire sufficient market share to see off competitors. IMO it makes much less sense in Web3 where market share can disappear overnight due to protocol failure.
73
166
934
After the Libra debacle now might be a good time for people to look at chains and protocols that aren’t trying to build a PvP casino but are instead trying to extend the ability to transact on a level playing field to people and companies in the real world.
45
205
989
Soon Flare will offer the most complete and easy to use ecosystem for developers in the whole space:.🔅EVM.🔅Price data that is decentralized, fast AF and free.🔅Blockchain state data and Web 2 data, again decentralized and free.🔅Trustless bridging for BTC, XRP, DOGE and others.
57
290
957
Understanding FAssets is simple, it’s the only bridge for BTC, XRP, Doge and other non smart contract tokens that is secured through direct over collateralisation, ie verifiable economic security.
53
273
955
I said that my aim for 2025 was seeing TVL grow 10x. It looks to be achievable.
63
162
1K
All decentralised systems require participants. In the case of FAssets the role of agent requires technical & financial sophistication. This ruling makes FXRP much easier to achieve by increasing the willingness of market participants to engage with XRP!.
44
239
906
In case there is any confusion Flare Labs will be testing FAssets on Songbird.
61
224
935
I’m so happy to see all the ☀️ in peoples profiles. If you support the Flare ecosystem the ☀️ is our marker.
148
157
890
Congratulations @FlareFinance on your launch!.
V2 is live!. Early liquidity mining rewards are as follows:. 200,000 $DFLR on FlareFarm.255,000 $DFLR on FlareLoans. FlareX: FlareLoans: FlareFarm: Remember to refresh your page from V1!
50
170
876
1/2 To see the power of Flare just look at the vast activity, communication and dynamic community consensus over the FTSO in the last 48 hrs. The FTSO is possibly the most decentralised oracle in the space with a massive community contributing and concerned about it.
62
159
884
TLDR: We have been working away at Flare Labs and there will be an FXRP protocol on Flare that can enable unlimited minting well before late summer. Papers and full information soon. —————. Songbird has shown that FAssets V1 is too capital intensive. As a result not enough.
136
218
904
I have always assumed that XRP would sell off hard after the case ended. This is because the primary (but not only) usecase for XRP is (and has always been) cross border transactions and the primary force behind developing this market is still Ripple. Since late 2020, Ripple have.
494
124
848
Flare’s mission is to enable people to use a software or hardware wallet to do whatever they want with whatever token they have, on any decentralised blockchain. If people could actually do this today and did so, we wouldn’t be in this mess. #connecteverything.
78
223
867
🚨Having reviewed the evidence I suggest to the Songbird community that they remove their delegations from the following FTSO providers until they can demonstrate that they are not collaborating: O1 FTSO, Ad Owl FTSO, Ape FTSO, OS FTSO & sToadz FTSO.
0
330
867
Here is what need to happen before FAssets can be launched on Songbird:. - Upgrade to FDC. - USDX price being available in FTSO. - Sufficient USDX on Songbird to support FAsset issuance + reasonable liquidations. - Onboarding of initial 5 agents. All is in hand.
83
250
895
Big, green, moves fast, globally ubiquitous and massively liquid. USDT0 is a core plank of Flare’s DeFi strategy and upcoming XRPFi programme.
USD₮0 is live on @FlareNetworks. Bringing the liquidity of the world’s largest stablecoin, primed for XRP DeFi on Flare. Your USDT, now on Flare.
57
273
926
This is a huge win for Ripple and for the industry. Flare is certainly here with the aim to add as much utility to XRPL as possible and the whole space more generally. Forwards.
Fwiw, of the biggest beneficiaries of @Ripple s win will be @FlareNetworks - so much shared history, community and friendship over the years 🤝.
34
174
880