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Re: MindlessSelf post# 30966

Wednesday, 01/05/2022 11:17:06 AM

Wednesday, January 05, 2022 11:17:06 AM

Post# of 36155
Yes, within the Flare ecosystem you can use your XRP as a originator to get FXRP through an agent, which allows one to earn YFIN and even to get more FXRP in FlareFarm, FlareLoans and FlareMutual. At anytime one can trade back their FXRP for XRP which is a 1 to 1 equivalent. Im still learning all of this but much can be earned through the 6 products thats being launched when the network goes live with FlareX, FlareWrap, FlareFarm, FlareLoans, FlareMutual and FlareMine. Im ruling out FlareMine from the get go as I don’t mine BTC or ETH but want to get aquatinted with the other 5. Also, one thats not mentioned is the Flare Time Series Oracle (FTSO) which is wrapping and delegating Spark tokens like we do with Songbird. That can earn one more Spark tokens that can either be liquidated or compounded in FlareFarm to earn more YFIN. Its much to digest, but like anything once you learn it, you know it, and committing to staying the course know this DeFi platform once it goes live. https://prismic-io.s3.amazonaws.com/flare-website/0a397b8d-63fc-41e2-8c26-ff7cbe5bd232_FF+Ecosystem+Map.pdf
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