- Flare Fair offers a virtual DeFi experience, including staking and liquidity rewards.
- Flare’s TVL has increased to $60M in five months, driven by rFLR incentives.
With the launch of Flare Fair, a gamified virtual experience to immerse users in the DeFi ecosystem, Flare brings a new level of engagement to decentralized finance. Whether users are crypto newbies or veteran traders, they can explore various interactive zones with tasks and rewards. These zones provide access to the full scope of Flare’s decentralized applications.
The fair operates in cycles, with each cycle launching new activities and themed virtual rides. It also introduces new dApps that users can engage with. Users can earn through staking, lending, or providing liquidity, receiving rewards such as rFLR emissions, FlareDrops, and high APRs. A dedicated 510 million FLR pool will source these rewards to encourage deeper engagement in the network.
Flare Fair Launches to Gamify DeFi and Boost Ecosystem
The Flare Fair design is meant to simplify the DeFi experience, enabling it to be approachable for new participants while giving DeFi veterans a chance to optimize returns. With low transaction fees, high speeds, and several layers of rewards, users can easily explore the Flare Ecosystem. Interactive zones include SparkDEX, BlazeSwap, Clearpool, Enosys, Kinetic, and Sceptre, all accessible through the fair’s microsite, from bridging assets to Flare via Stargate, lending and liquidity provision for USDC, USDT, FLR, ETH, and many more assets.
Ami Tsang, Flare’s Head of Marketing, added that the platform’s rFLR emission program has helped push Flare’s total value to almost $60 million, tripling in the past five months. She said the Flare Fair aims to simplify participation and accelerate the ecosystem’s growth.
Flare is an EVM-compatible smart contract platform designed for data-driven applications, such as AI, gaming, and RWA tokenization. It differentiates itself by incorporating decentralized oracles, which provide reliable access to price data, blockchain events, and Web2 API information. With trustless access to a wide range of data at a very low cost, Flare hopes to increase the utility of blockchain and unlock new possibilities for developers. The rFLR emission program has already increased engagement to a significant level, and Flare Fair will further accelerate adoption.
