The data focused L1 @FlarNetworks passed a governance proposal allocating $8M worth of $FLR to incentivise liquidity provision within the defi ecosystem.
Rewards from the emission program will be distributed in a vested version of $FLR , called $rFLR, which will be vested over 12 months.
Users will get 23% APY just for wrapping $FLR token along with flare drops in rewards.
The reward claim is available on flare portal now, claimable every month.
Dapps to check out: @blazeswapdex @SparkDexAI @Kinetic_Markets — they’ve started the reward distribution already.
Do check it out.
From X
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