Grand Master Jedi
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This is interesting to know. It looks like they know the oil/gas petroleum system is there which would explain why they’re drilling in the same exact location but just deeper and on different angle. MJ2 is like a do over but armed with better data to hit the sweet spot and getter flowing to the top.
Thank you
That test run through FlareLoans in swapping my SGB for CAND to loan out costed me 900 Songbird. No idea how I lost it but when I was able to collect back my SGB I lost 900. Smh, oh well, I certainly feel like a dumb ass. Thats what I get for not fully learning all the angels. Back to the drawing board.
Swapped 9325 SGB for 1190 CAND, which is a stable coin. I did so as Im trying to learn and earn thru FlareLoans now. For those of you wondering, I share this info to encourage those who want to try and learn another product in this network for when Flare goes live and also its a faster learning mechanism for myself in typing the process out. It helps Yoda remember as some may forget that I’m over 900 years old, ;). Anyhow, if one swaps or earns CAND they can utilize those CAND in FlareLoans to earn SFIN and believe other coins as well such as SGB and DFLR. Personally, I just want as much SFIN as I can get. If you goto the stability pool in FlareLoans it will allow you to stake your CAND in the stability pool to loan out that CAND. From there you can go to the liquidation tab where you’ll see varies loans that are close to the 110% collateralization ratio. Any loans that fall under the 110% ratio will allow u to liquidate that loan and earn u rewards. There is an option as well that will show only loans that u can liquidate. To those who have CAND can give it a shot.
Theres only going to be 11,000 SFIN and seeing it open at 1M is wild. I believe its down to 700k now. As SFIN enters the market the price will continue to fluctuate but seeing how limited it is the possibility of it staying in the 6 or even 5 digit range has my attention. SFIN is what YFLR is going to be and has me looking even more forward to the launch of the Flare Network. The possibility of earning an attractive amount of passive income with all of is not a pipe dream as they designed this DeFi ecosystem to incentivize those who help operate it. To be continued.
$SFIN is currently trading at above $1,000,000!
— Ēnosys (@enosys_global) January 7, 2022
Farming for $SFIN is live using your $EXFI, $SGB, or $CAND.
More pools to come as we work towards launching #FlareWrap! https://t.co/BiZdl4CnEv
I haven’t looked into yet. Im not as motivated as I once was especially w SOLO. I went from a bag of well over six digits down to five digits, four digits and who knows now. They keep changing the ratio. By the time I get it will be a few hundred dollars like VGB.
Interesting. I will check this out when I get free. Thumbs up.
46B? Holy cow lol! Where did u buy them from? Lots of hoops to jump through to pull the trigger?
I read somewhere that ETH 2 isn’t going to be ready when its suppose too. If the Flare Network launches before 2Q 2022 and gets out ahead of ETH 2 then were going to be in good shape. I think launching the test net was a good move to help assure a successful launch of Flare Network.
The Flare Network is coming for you ETH. The scaling, costs and speed of the Flare Network compared to ETH is a joke as Flare uses the XRPL. Cost is basically free, speed is 3-4 seconds and can scale at 1500 transactions per second. Lets go! “JPMorgan Report States Ethereum Might Lose Defi Dominance Due to Scaling Issues” – Bitcoin News https://news.bitcoin.com/jpmorgan-report-states-ethereum-might-lose-defi-dominance-due-to-scaling-issues/
Good question. Feels like its taking forever. I caught the other day that if you hold or click your cursor over the zeros on the claim line it will show where your current number is at. Mines at 0.000031863455 and remember the fifth number earlier for me was at .00002 and bunch of numbers following so I know its moving up. My guess is a lot of people are staking their EXFI and were not getting it as fast as the others. Hopefully some drop out and we’ll start getting more faster.
Interesting….thanks for sharing.
No, thats new to me. Do u have crypto details as in like security details of it?
Yes, theres just no point in converting it right now for $350 worth of XRP. Im waiting to see if it ever blows up into multi dollars and then convert it to XRP.
Yes, the way he breaks it down its almost impossible not to understand. He’s been very helpful for the community and by the time Flare Network launches Im aiming to be as well versed in navigating thru this DeFi ecosystem as possible. I mean, were all getting a large amount of Spark (equivalent to our XRP positions) and with SGB being the equivalent to Spark I believe we’ll have the opportunity to do DeFi on a larger scale. To be continued…
Here is new link and a walkthrough video to help explain it as well. If u put link in your regular browser you’ll see it’s FlareFlarm. https://xff.flr.finance/. “Flare Finance Walkthrough / Strategy! FlareX - FlareLoans - FlareFarm”
If the instructions don’t read well in the sticky or if your more a visual learner try this video that Flare Community just put out. It will help: “Flare Finance Walkthrough / Strategy! FlareX - FlareLoans - FlareFarm (EXFI)”
It all depends on how many people are delegating. Although a provider w a higher reward rate will help one get more SGB the amount of rewards given out weekly by Songbird are the same. This means the size of the weekly rewards vary depending on providers but more importantly on how many people are delegating and collecting rewards at a given time. The more people the less we get the less people the more we get. My rewards have been like a stock chart. I’ve gotten as much as 3700 one week and as low as 1100 the next. Thats why it will be hard to configure the exact percentage.
Sure thing. As the proverb goes, Iron sharpens iron (Pr. 27:17).
FlareX and FlareFarm work with SGB but not FlareLoans yet. I went on FlareX and it lets me provide liquidity using my SGB to earn CAND, but I didn’t confirm it as I need to learn more about the process. I know the risk is real with provided liquidity or collateral thru FlareX so Im not going to try it until I learn more about it. On FlareFarm though theres basically no risk in staking the one-sided tokens such as WSGB, EXFI, SFIN or CAND. The other 4 or 5 liquidity pools that are two-sided (EXFI/SGB, SGB/CAND, EXFI/CAND, SFIN/CAND) is different as they’re subject to loss due to price fluctuations so be careful if u try staking the two-sided tokens.
Yes. You’ll start seeing your rewards growing under pending as the days go by and you’ll still be able to claim them when the epoch cycle ends. When I started staking my SGB on FlareFarm my FTSO rewards were around 800 and then 3 or 4 days later after I had already staked them on FlareFarm my rewards ended at 1250 and was able to claim them this morning. So I know for sure you’ll be able to earn FTSO rewards while staking SGB. I haven’t even utilized those SGB yet but going to this evening as theres lots of options with SGB on Flare Finance.
Yes, as u can still collect FTSO rewards while staking your SGB and EXFI for SFIN and once u start accumulating SFIN u can stake that for more SFIN. In the Flare Network SFIN is equivalent to YFLR and its very limited token. Because the supply is so small the value may end up being significant as the Songbird Network develops.
If u stake ur SGB and EXFI on FlareFarm or even just SGB youll still collect your FTSO rewards the same way on Bifrost. Only catch is u have to use the providers they choose which is A-FTSO and Defi Oracles.
You connect your Bifrost wallet to FlareFarm through the browser inside Bifrost. I gave the address to FlareFarm in the sticky post. After your connected to FlareFarm you can stake your SGB for SFIN and EXFI for SFIN. When you accumulate SFIN you can also stake that SFIN for SFIN. Theres a extremely limited amount of SFIN and believe the value will be high so Im trying to get as much SFIN as I can. Thus far Ive accumulated .0005 SFIN as Ive only been doing it for just a few days.
Also, if u stake your SGB for SFIN you’ll still be able to collect your FTSO rewards but only catch is you have to use the providers FlareFarm choose which is A-FTSO and DEFI Oracles.
My SGB rewards are down with staking my SGB along w EXFI on FlareFarm but earning SFIN makes up for it. If anyone is aiming to stake their SGB or EXFI in the liquidity pools on FlareFarm and are having trouble doing with using the Bifrost wallet check out the sticky at the top of board.
SGB on fire…lets go baby!
Currently, Im staking my SGB for SFIN, collecting FTSO rewards on my SGB, staking my EXFI for SFIN, and the SFIN Im earning Im staking that for more SFIN as well. This DeFi ecosystem is wild. This Songbird test net seems to be moving along well and when the Flare Network launches it’s going give a lot of utility to the XRPL. Learning one of the ways that XRP will be utilized in the Flare Network is as an F-asset (FXRP), which can earn one more FXRP as a reward, kinda like how SGB can earn one more SGB. Thereafter one can convert the FXRP they earn into XRP as FXRP has a 1 to 1 ratio so if one earns 1000 FXRP that can be converted to 1000 XRP. Theres more that can be done through the Flare Network with XRP as there are 6 products total to work within the network. One that Im liking and want to learn more about is FlareLoans. It will let you loan people XRP as an F-asset thru a smart contact where collateral has to be put up thats worth more then the loan. If the loan is not paid back you get to keep the collateral but if its paid back you earn interest on the loan. Looking forward to learning more about how to use these products and earn passive income.
Interesting take. I hope he’s right and more and more people start decoupling from the system. Im going to listen to it from the beginning later today.
The time stamp is only a two minute view and is about getting ready to pull the trigger on implementing the new financial system. We know its coming with ISO20020 and believe XRP will be valuable in this new digital system but it still makes me uneasy. Theres so much that can go wrong with shutting down the legacy financial system unless its a quick switch. Will they intentionally let chaos ensue so they can implement the new system and restore everything to be viewed as heros? People wouldn’t be able to use their debit or credit cards to buy gas, groceries etc. with shutting down the system. Society would halt. What kind of system follows in a new digital system? We know they’ll have the ability to track everything and have concerns that the goal isn’t to allow people to flourish in a free market. I hope Im wrong but the 2030 agenda from WEF where u own nothing and be happy is what bothers me. How does the world get to that place? What are they going to do in between and 2030 to have people in this place? Specifically people who have assets? Will there be two classes of people, rich or poor? Will there only be the elite who have assets/money and all people are to be on a level playing field as I know UBI (Universal Basic Income) is apart of this plan and just don’t have peace with it all. Lots of questions few answers.
Heres an interesting segment from the Glen Beck show that the Digital Asset Investor shared. Time stamp 13:20-15:45. There trying to reset the system, which we all know, and although holding XRP is going to be valuable in this new digital system/world the thought of what follows doesn’t bring peace.
Reading that about vaccine passports is quite uncomfortable. It reveals how the world could end up getting to owning nothing and being happy for the WEF 2030 Agenda.
The control that the Fed/IMF will have at its fingertips with the new financial system make me uneasy. Seeing that the American Bankers Association is expressing serious concern over the lack of transparency of the new system is a cause for concern. It would take a lot of time to articulate my concerns but hopefully they’re are checks and balances within this new system. In a nutshell Agenda 2020 Digital Identities is what this is all about and its unfolding right before our eyes. You don’t listen or get out of line they’ll simply turn you off.
“The American Bankers Association told the Federal Reserve on Monday that it supports a plan to migrate to a new message format, ISO 20022, on a single day but said it has “serious concern” regarding the lack of detail about the plan.”
A single-day switch? This is nuts as it seems the new system is being built on top of the old and will have the ability to switch the banking system over in one day. Seeing what ABA is saying though is uncomfortable for this new digital system is one of control, not freedom.
Im not buying it but I believe its trading on Bittrue.
It looks like Flare Finance's highly anticipated $EXFI token is also going to start trading on Bitrue Exchange today!
— Flare Community ☀️ (@CommunityFlare) January 5, 2022
Register here:
👉https://t.co/EbJ0cu5lZX pic.twitter.com/utv0F0ZHLt
FLAREFINANCE/STAKING: Ok amigos, heres some homework for you guys. Ive been looking into how to stake my WSGB and EXFI in FlareFarms, but everyone is using Metamask. Remember there are 6 products in FlareFinance but Im only doing FlareFarm as I haven’t study the others yet. In FlareFarm many are connecting to it through Metamask, but what about those who have all their WSGB and EXFI in Bifrost, then what? If you’re like me the last thing you’ll wanna do is start transferring your WSGB & EXFI into Metamask especially for those who are delegating WSGB in Bifrost. Heres the answer: Goto your browser inside your Bifrost wallet and put this address in; http://xff.flr.finance/ and afterward add it to your bookmarks for easy goto access whenever you want to visit FlareFarm or any of the other FlareFinance products through your Bifrost Wallet. While accessing FlareFarm connect using the Songbird Network not Ethereum Network. Once there you’ll see multiple liquidity pools to stake on, like 9 total. The 4 liquidity pools that are one-sided where you can only stake one token such as WSGB, EXFI, CAND or SFIN have little to no risk. I say little risk because it’s experimental finance so of course theres a risk as anything is possible. The other 4 or 5 liquidity pools that are two-sided (EXFI/SGB, SGB/CAND, EXFI/CAND, SFIN/CAND) are subject to impermanent loss (inherent risk) due to price fluctuations so be careful if one choose one of these. Personally, Im taking the low to no risk pathway in staking my EXFI and WSGB. Regardless, if one decides to stake in any one of these liquidity pools, does so at their your own risk. Hope this breakdown encourages some to take advantage of this opportunity thats being presented with FlareFinance and the tokens were getting. Learning this now will make navigating through the Flare Network as easy as cheesecake when it goes live. Lets roll!
PS: To those who earn rewards thru FTSO with their WSGB will still earn rewards if they stake their WSBG but the only catch is you won’t be able to choose your provider. Apparently the provider is chosen automatically and believe its DeFi Oracles but not fully sure. Either way if you stake your WSGB you’ll still collect weekly SGB rewards but perhaps a little less depending on the reward rate of the chosen provider.
Yes I believe its $10k and they giving 1500 XRP as a reward in investing.
Seeing how the test net is coming along with Songbird has me so stoked about Flare. Learning the Flare Network over the past few days has me understanding the Songbird Network and ExFi better. I encourage you and everyone on the board who is doing this to commit the time to learning it more, even if its for 10-15 min a day, so when Flare goes live you’ll be able to hit the ground running. God speed!
Indeed….the tsunami is still coming and when it does…KABOOM! Many of us just got here a little to early but no doubt its better then being late. $$$$$$$
Agreed! Clarity = $$$$$! Im itching to buy some Ripple stock thru LINQTO. Been wanting to fill out the paperwork to do so. I may do it but there’s not enough time in the day to get everything Im doing done. Those who come on this board and on Twitter saying this lawsuit is the end of Ripple and XRP are mislead not to mention they’re shooting themselves in the foot as this case will set precedent.
Nice! With this being the finance token of the Songbird Network and Flare Foundation burning 100% of their EXFI tokens a $50 or higher EXFI when its in full utility swing.
Ive thought about this scenario many times. A friend of mine holds over 1M XRP and he’s not selling nothing as he wants the passive income. Not even getting his initial out. Living on what can be earned is a very real reality but at $10 I would be inclined to get my initial out or just selling 10% and living off the rest. Holding and earning free XRP would be a great mindset to get nestled into so if does go to $10 and back down to $1 or $2 I wouldn’t flinch.