Flare, the EVM-compatible interoperative chain has unveiled its new product\u2014a seedless wallet, along with some other upcoming plans.<\/p>\n
It is steadily increasing in user engagement, as evidenced by certain metrics.<\/p>\n
In a press release shared with\u00a0CryptoPotato,\u00a0<\/em>Flare announced the launch of its seedless, non\u2011custodial wallet Luminite.<\/p>\n Turnkey\u2019s embedded wallet technology was used to create Luminite, which allows users to set up their wallet using familiar sign-in methods such as passkeys, biometrics, or email, without needing to write down and store a seed phrase. Funds can be added via built-in fiat on\u2011ramp partners (including Topper) to purchase FLR, XRP, and other assets.<\/p>\n \u201cLuminite was built with one goal in mind: to bridge the gap between Web2 and Web3 users. By removing complex barriers to entry, we\u2019re enabling anyone\u2014from first-time users to seasoned crypto holders\u2014to access the full power of the Flare ecosystem.This is about making DeFi approachable, not just for the crypto-native, but for the next wave of users discovering blockchain through real utility,\u201d said Steve Chadwick, Co-founder of Luminite.<\/p>\n Apart from onboarding, Luminite will also be a direct access point to Flare\u2019s growing portfolio of DeFi protocols. Patrons will be able to delegate the native token, FLR, to FTSO (Flare Time Series Oracle) data providers. Additionally, it will be possible to mint FXRP tokens (tokenized version of XRP) via FAssets (non-smart contract assets bridged with full custody retained).<\/p>\n Moreover, it will be possible to swap tokens within the wallet, bridge assets through the liquidity transport protocol Stargate, and engage in liquid staking by minting sFLR on Sceptre, the protocol for staking, all within the wallet Luminite interface.<\/p>\n Flare has also unveiled plans for a future Learn & Earn program with Revolut, which will incentivize new users to explore the ecosystem through education and rewards based on engagement.<\/p>\n The blockchain recently celebrated 3 years since its launch<\/a> on June 25, 2022. Full operation started around 2-3 weeks following, in \u201cobservation mode\u201d, where the Flare Foundation ran all validators.<\/p>\n This phase lasted approximately 8 weeks, after which a token generation event (TGE) took place, during which 15% of the total FLR supply (~12 billion tokens) was released to the public via the Flare Improvement Proposal process.<\/p>\n The native token has been up for the majority of the year,\u00a0marking<\/a> considerable gains during July, and the blockchain itself has locked in over $150 million in DeFi volume, according to data taken at the time of printing from DefiLlama.<\/p>\n The post Flare Launches Luminite Wallet, Expands Reach Into DeFi<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Flare, the EVM-compatible interoperative chain has unveiled its new product\u2014a seedless wallet, along with some other upcoming plans. It is steadily increasing in user engagement, as evidenced by certain metrics. Shiny New Wallet In a press release shared with\u00a0CryptoPotato,\u00a0Flare announced the launch of its seedless, non\u2011custodial wallet Luminite. Turnkey\u2019s embedded wallet technology was used to […]<\/p>\n","protected":false},"author":0,"featured_media":87300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87299"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87299"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/87300"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}FLR So Far<\/h2>\n