$sFLR
native asset
Liquid Staked FLR Token
$sFLR is the liquid staking token minted when users stake native $FLR (not $wFLR) through the Sceptre protocol. It allows token holders to maintain liquidity while continuing to earn native FLR staking rewards and monthly FlareDrops. As rewards accumulate in SceptreÔÇÖs multi-node stake pool, the $sFLR:FLR exchange rate increases over time.
Use Case: $sFLR enables continuous DeFi utilityÔÇölike use in lending, DEX liquidity pools, or collateralÔÇöwithout sacrificing staking yield.
Key Concepts:
- Liquid Staking ÔÇö Receive tradable tokens while still earning validator rewards.
- Receipt Token ÔÇö $sFLR represents staked $FLR, redeemable after cooldown.
- Sceptre Protocol ÔÇö Facilitates delegation to ~50 validators for risk distribution.
- FlareDrops ÔÇö Monthly distributions are automatically collected into the stake pool.
- MultiÔÇæNode Security ÔÇö Validator rewards spread across many nodes to minimize slashing risk.
Summary: $sFLR is the liquid staking receipt token for native $FLR staked via Sceptre. Its value increases over time as it earns staking rewards and FlareDrops, while staying active in DeFi. Users can unstake after ~14.5 days, receiving their original FLR and rewards (minus protocol fees).
How Sceptre Works:
- Users stake native $FLR via Sceptre and receive $sFLR at a current exchange rate.
- Sceptre distributes the staked FLR across ~50 validator nodes to reduce slashing and uptime risks.
- Staking rewards and monthly FlareDrops are automatically claimed and added to the Sceptre pool, raising the $sFLR value versus FLR over time.
- Sceptre automates the reward claiming process, ensuring users never miss the manual 3-month claim window required by native staking.
- $sFLR remains transferable and usable across Flare DeFi platforms like Kinetic, SparkDEX, Enosys, BlazeSwap, Cyclo, Raindex, and future integrations.
- Unstaking involves burning $sFLR, undergoing a ~14.5ÔÇæday cooldown, and reclaiming native $FLR (minus Sceptre fees), plus accrued rewards.