$SGB
native asset
Canary Network for FLR with Real Economic Utility ÔÇö $SGB
$SGB is the native token of the Songbird Network, a live testing environment and experimental Layer 1 for the Flare ecosystem. Although originally launched as a testnet, $SGB operates as a fully functional blockchain with real token value, staking, and DeFi utility. It uses the same Flare Time Series Oracle (FTSO) system as Flare, allowing $SGB holders to delegate votes to data providers and earn passive rewards. Developers use Songbird to trial upgrades, dApps, and smart contracts before deploying them on the main Flare Network.
Use Case: $SGB is used for FTSO delegation, governance trials, DeFi farming, and simulating smart contract behavior in a real economic environment before launching on $FLR.
Key Concepts:
- Canary Network ÔÇö Live-testing network with real token value and impact.
- FTSO ÔÇö Delegation system for decentralized oracle rewards.
- Delegation ÔÇö $SGB holders assign vote power to earn passive income.
- Smart Contract Testing ÔÇö Safe environment to simulate real-world dApps.
- Decentralized Incentives ÔÇö Real rewards for experimentation and data accuracy.
Summary: $SGB is the live, real-economy canary network of the Flare ecosystem. It provides developers and users with a unique environment to earn rewards, trial innovations, and shape mainnet features ÔÇö all with real economic value and governance potential.
| Feature | Details |
|---|---|
| Network Type | Canary Layer 1 |
| Launch Date | September 2021 |
| Primary Role | Testbed for Flare upgrades, dApps, governance |
| Reward System | FTSO delegation earnings |
| Real Token Utility | DeFi, NFTs, State Connector testing |
$SGB Ecosystem Overview
Despite its origin as a canary network, the Songbird ecosystem has evolved into a vibrant testbed with real DeFi protocols, NFT platforms, and infrastructure dApps. Many of these tools are exclusive to $SGB or serve as trial deployments before launching on Flare mainnet ($FLR):
| Project / Tool | Category | Purpose |
|---|---|---|
| SparkDex | DEX | Decentralized exchange for SGB, WSGB, and FAsset pairs |
| FTSO Providers | Oracle Infrastructure | Collects and submits price data to the network for reward delegation |
| Oracle Daemon | Staking Portal | Delegate SGB to FTSO providers and monitor reward rates |
| FAssets | Wrapped Asset Layer | Trustless minting of FXRP, FDOGE, and other non-smartchain assets |
| Songbird NFTs | Digital Collectibles | Experimental NFT platforms native to Songbird |
| State Connector | Interoperability | Bridges off-chain data and events into the Songbird smart contract layer |
These components allow Songbird to function as more than a simulation chain ÔÇö it’s a full-stack DeFi and infrastructure playground. Users can test yield strategies, validate oracle models, and deploy smart contracts under real economic pressure before porting to the $FLR mainnet.