Holders Of XRP Will Get Second Airdrop From Flare Finance


Ripple-backed smart contracts platform Flare Networks took a snapshot of all XRP Ledger addresses back in the month of December and is now all set to give free Spark (FLR) tokens to the holders of XRP, the native digital currency of the San Francisco-based blockchain payments firm Ripple. Back then, Flare Networks announced to give a total of 45.8 billion FLR tokens to the investors of XRP.

Apart from that, the holders of XRP will also get a second airdrop from Flare Finance, an institutional-grade decentralized finance project built on the top of Flare Networks and has been designed for powering stablecoins, swaps, asset-backed loans, insurance, and yield farming.

Flare Finance said in a tweet posted back in the month of December that it will give free tokens to the holders of XRP through a snapshot of the blockchain of the Flare Network. According to Flare Finance, the snapshot will be taken of the balances of those holders who will have FLR tokens in their accounts. As a result of that, those investors will be given DAOFlare (DFLR) tokens. The snapshot will be taken one month after the launch of Flare Networks takes place, as the team behind Flare Finance said in a tweet posted on the 10th of December:

“1 month after the main network launch of the #FlareNetwork#FlareFinance will snapshot all balances of those who hold $FLR. 7-10 days after our snapshot, you will be proud owners of both $FLR (Spark) and $DFLR (DAOFlare)”

XRP users will be required to swap their DAOFlare (DFLR) for YFLR (YieldFlare) tokens for interacting with the ecosystem of Flare Finance.

The launch of Flare Networks is expected to take place before the end of the current year. And once it is launched, Flare Finance will go ahead with the snapshot.

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