In this video you're getting a sneak preview of the brand new platform, which facilitates the core operations of the FAssets system.
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A snapshot of each data providers vote power is taken once per reward epoch, and the resulting weight is then used throughout the next reward epoch.
A snapshot block called the vote power block is randomly and retrospectively chosen from the last blocks of the previous epoch (last 50% on Flare, last 25% on Songbird).
Songbird reward epochs start on Saturday morning (GMT).
Flare reward epochs start on Monday morning (GMT) and Thursday evening (GMT).
Next Reward Epoch
From the blog
Learn about FTSO AU, Flare Network and its protocols.
Over 70% of the overall worth of blockchain assets lack smart contracts, rendering them incapable of engaging in the decentralized economy. When you convert these tokens without smart contracts into FAssets, you gain the ability to make them productive by earning yields or rewards within decentralized applications on the Flare network.
Flare, the blockchain platform dedicated to data, has made a significant announcement regarding its token ecosystem. In a move aimed at ensuring the health and sustainability of its ecosystem, Flare has decided to initiate a token burn, removing a substantial portion of its native FLR tokens from circulation.