• The fair provides a chance for new community members to completely immerse themselves in a true DeFi ecosystem.
• The rewards include a variety of Flare bounties, such as rFLR emissions, FlareDrops, and high APRs.

A gamified virtual fair that was developed expressly to promote Flare’s DeFi possibility for crypto natives, amateurs, and experts alike is what Blockchain for data Flare is calling the Flare Fair, and it is about to open its doors to the public.

The microsite for the fair functions continually in “phases,” with each phase presenting users with new activities, delivering themed virtual rides, and providing access to new decentralized applications (dApps) where users may accomplish tasks and receive rewards. The rewards include a variety of Flare bounties, such as rFLR emissions, FlareDrops, and high APRs. The actions that are required to earn the rewards include staking, lending, or providing liquidity for platforms that are included on the Flare Network platforms. It is possible that the interactions will boost the potential for rewards, such as the rFLR emissions that are extracted from a 510M FLR pool.

With cheap costs, high transaction speeds, and several levels of incentives, the fair provides a chance for new community members to completely immerse themselves in a true DeFi ecosystem. Additionally, it provides an opportunity for seasoned professionals to optimize the potential rewards for their work.

SparkDEX, BlazeSwap, Clearpool, Enosys, Kinetic, and Sceptre are some of the decentralized applications (dApps) that can be found in the interactive zones that are contained within the fair. Community members can visit fair.flare.network to learn about these zones. Within the framework of the DeFi theme, there are a variety of tasks that need to be completed. These jobs include bridging to Flare using Stargate, lending or providing assets such as USDC, USDT, USDX, FLR, and ETH, and more tasks that are introduced over time.

Ami Tsang, Head of Marketing at Flare stated:

“Users are encouraged to participate in different pools, which they can claim monthly at portal.flare.network. Doing DeFi on Flare should be fun and easy. Since the introduction of the rFLR emission program, Flare’s TVL has climbed 3x to approximately $60 million in just five months! With the opening of the Flare Fair, the steps for participation in Flare DeFi will be greatly simplified and are deemed to boost our TVL and ecosystem growth.”

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Flare is the blockchain for data: which is an EVM smart contract platform that was developed expressly to handle data-intensive use cases. These use cases include machine learning and artificial intelligence, RWA tokenization, gaming, and social. Flare is the only smart contract platform that is designed for decentralized data acquisition, including price and time series data, blockchain event and state data, and Web2 API data. This is only possible because Flare is built on a network that incorporates decentralized oracles. Flare is able to increase the utility of blockchain technology and promote the creation of new and better use cases by providing developers with trustless access to the widest variety of data and data proofs at scale and at a minimum cost.

For more information, visit fair.flare.network right now.​