The Flare Fair is here, and if you've staked FLR or wFLR on Sceptre, you're likely holding sFLR. We went over the different use cases for sFLR on this blog post, but since we the Flare Fair is going on, we are going to cover the fantastic opportunities that allow sFLR holders to maximize their returns during the event.
If you don’t have any FLR or sFLR and want to learn how to get started with The Flare Fair, check out this guide first and then return here.
One important thing to keep in mind: rewards for these opportunities are typically paid in rFL. rFLR is a special reward token created by Flare that users can claim monthly on the Emissions tab on the Flare Portal. rFLR rewards will vest over a 12-month period, but you can withdraw your tokens earlier with a 50% penalty. To learn everything there is to know about rFLR, check this guide by Flare.
Another thing: APYs are current as of February 20th and may change due to market conditions.
Ready to put your liquid staking token to work? Check out these opportunities in The Flare Fair's Fun Zones:
SparkDEX
By visiting SparkDEX’s Fun Zone on The Flare Fair, you’ll find a sFLR/wFLR Yield Farm currently offering a 11.93% APR distributed in the form of rFLR. If you’re not familiar with the concept of a yield farm, we advise you to read our guide on Yield Farming before supplying your sFLR.
Kinetic
Kinetic, the premier lending and borrowing platform on Flare, was one of the first to support sFLR, and now holds over a third of its circulating supply. Visit their Fun Zone at The Flare Fair to earn a 1.31% Net APY by simply supplying sFLR.
Enosys
Enosys is the OG DEX on Flare! On the Flare Fair’s Fun Zone, you can find a link to a sFLR/wFLR Liquidity Pool with rewards paid in rFLR. At the time of writing, this pool is offering a very generous 43.14% APY. There are other sFLR liquidity pools available on Enosys accepting different token pairs, but this is the only one rewarding you with rFLR. If you don’t know what a liquidity pool is, this blog post has got you covered.
BlazeSwap
BlazeSwap, known for its ease of use, is another leading DEX on Flare. During The Flare Fair, they're offering three liquidity pools that reward participants with rFLR, including an sFLR/wFLR pool currently offering a 14.59% APY.
Cyclo
Last but not least: Cyclo, one of the newest protocols on Flare, is offering the most generous opportunity at The Flare Fair for sFLR holders. Swap your sFLR for cysFLR and earn a remarkable APY of 113%!
So, there you have it! The Flare Fair is brimming with possibilities for sFLR holders. Explore the Fun Zones, take advantage of these limited-time offers, and make the most of your sFLR because you won’t be losing any staking rewards and FlareDrops by using it. Keep in mind that, as previously mentioned, APYs can change, so always check the latest information and do your own due diligence.
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