Odaily Planet Daily reported that Hugo Philion, co-founder of the EVM-compatible L1 network Flare, stated that the project is building its DeFi ecosystem: "Flare is essentially becoming a center for DeFi," and added that it is "rapidly evolving" through collaboration and integration. According to Philion, Flare is also preparing to launch FAssets on its Songbird canary network in December, which is an over-collateralized bridge for non-smart contract tokens such as Bitcoin, XRP, and Dogecoin, with plans to launch the mainnet "early next year." The network provides developers with "decentralized access to high-integrity data from other chains and the internet," using its Flare Time Series Oracle and Flare Data Connector as an alternative to centralized off-chain oracles for DApps. (Decrypt)