“Songbird marks a key step for the entire industry in enabling tokens on networks without smart contracts to be used trustlessly and in a non-custodial manner for the first time with scalable smart contracts. Hugo Philion, co-founder of Flare Networks, said, 80% of the total yearly inflation is distributed to those that delegate to the FTSO system. Between the State Connector and the FTSO, there is a 10% built-in first-year inflation, reducing in subsequent years. Many DeFi projects, data providers, exchanges, wallets and custodians, have expressed their support and plan to launch and test their applications on Songbird, including Gala Games, 888 TNW, Trustline, Global Esports Federation, Delchain, Lena Instruments, Flare Finance, Ola Finance, Flare Metrics and more. The FTSO will continue to be battle-tested with real value at stake as the Songbird network continues the launch process and removes the whitelisting requirement. It is also possible that Songbird may carve out its own path at the behest of its token holders. Like Kusama, Songbird aims to be a combination of an advanced testing network, and in the future, a place for testing governance-based updates to Flare itself. Over 340 validators and over 40 data providers have applied for whitelisting – a similar number to when Polkadot launched their own canary network Kusama. The deployment of the network and FTSO passed the observation stage, and no unforeseen issues arose. The combined protocols will allow these tokens that do not have native smart contracts (and some that do) to directly access and be scalably used on Flare in decentralized applications, such as fast and complex payments, metaverses, NFTs, DeFi and gaming. Observation mode was instrumental for deploying and testing the underlying network and the ‘Flare Time Series Oracle’ (FTSO), the first of three protocols that combine to enable approximately 65% the value in the crypto industry to be used trustlessly on Flare with highly scalable Ethereum Virtual Machine based smart contracts.įor the remaining two protocols, the ‘State Connector’ and the ‘F-Asset,’ contracts will subsequently be deployed on Songbird for testing prior to the launch of the Flare Network. Further information on the phases can be found here. The first of these phases, the ‘observation mode’ concluded at 14:00 GMT on September 27, 2021. Flare Network’s focus of enabling Turing-complete smart contacts for any native blockchain without smart contract functionality took a step forward today as their canary network, Songbird, has launched and successfully exited an initial 10-day observation mode.įlare’s canary network, Songbird, was launched on September 16, 2021, and will follow three preset phases as it proceeds to be used to test and harden the underlying protocols comprising the eventual launch of the Flare Network.
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