Sceptre is a brand new liquid staking protocol that aims to optimize FLR throughput. In addition to spending their tokens in DeFi protocols, users can continue to use them in other protocols. 🚀
Rome Blockchain Labs (RBL) is working on Kinetic, an innovative credit and debit platform, as well as a private beta blockchain called Sceptre. Understanding the potential for symbiosis between these two systems, RBL is consciously combining them to improve the usage of the FLR token. 🧠
With more applications planned in the future, users will first be able to use sFLR to participate in credit protocols and decentralized exchange (DEX) liquidity pools. To start, users bet their FLR on Sceptre and receive sFLR in return. With full liquidity, sFLR tokens continue to accumulate Flare's inherent incentives, and users receive back their original investment and any accumulated rewards and FlareDrops when they unstake the site, minus the protocol fee. 💰
Alexander Elhorst, Sceptre's COO, described Flare as a vibrant, young network. He said liquid staking will enable faster expansion of the DeFi network. Elhorst said he is hopeful about the future of the chain and the company's intention to support its expansion. He stated that they are excited to collaborate with other ecosystem projects to include SFLR and are pleased to provide the network's first liquid staking protocol. 🤝
About Scepter
Rome Blockchain Labs developed and maintains the Liquid Staking protocol known as Sceptre. To best serve its customers and the Flare network, Sceptre plans to leverage Flare's unique features such as FTSOs and FlareDrops. Sceptre's top priorities include collaboration and interaction with other protocols like Kinetic, where staking will be built directly into Kinetic's user experience (UX). 🎯
We are waiting your comments! What do you think about these exciting developments?#blockchain#DeFi#Flare#Sceptre 🗨️👇
Rome Blockchain Labs (RBL) is working on Kinetic, an innovative credit and debit platform, as well as a private beta blockchain called Sceptre. Understanding the potential for symbiosis between these two systems, RBL is consciously combining them to improve the usage of the FLR token. 🧠
With more applications planned in the future, users will first be able to use sFLR to participate in credit protocols and decentralized exchange (DEX) liquidity pools. To start, users bet their FLR on Sceptre and receive sFLR in return. With full liquidity, sFLR tokens continue to accumulate Flare's inherent incentives, and users receive back their original investment and any accumulated rewards and FlareDrops when they unstake the site, minus the protocol fee. 💰
Alexander Elhorst, Sceptre's COO, described Flare as a vibrant, young network. He said liquid staking will enable faster expansion of the DeFi network. Elhorst said he is hopeful about the future of the chain and the company's intention to support its expansion. He stated that they are excited to collaborate with other ecosystem projects to include SFLR and are pleased to provide the network's first liquid staking protocol. 🤝
About Scepter
Rome Blockchain Labs developed and maintains the Liquid Staking protocol known as Sceptre. To best serve its customers and the Flare network, Sceptre plans to leverage Flare's unique features such as FTSOs and FlareDrops. Sceptre's top priorities include collaboration and interaction with other protocols like Kinetic, where staking will be built directly into Kinetic's user experience (UX). 🎯
We are waiting your comments! What do you think about these exciting developments?#blockchain#DeFi#Flare#Sceptre 🗨️👇