Flare (FLR)
Flare is using a fork of Avalanche blockchain and has 2 types of staking available:
Staking on the C chain on FTSO (EVM compatible)
Native staking on the P chain validators
Kiln is running on both. For ease of use we currently recommend staking on the C chain
FTSO (C-chain - EVM compatible)
| Name | Address |
|---|---|
Kiln | 0x6df84895f1f1f6F6767C59324F94089d4097051A |
Staking mechanics
| Metric | Value |
|---|---|
Stake activation time | 0-3.5 days (end of the current epoch) |
Stake lock-up time | 0-3.5 days (end of the current epoch) |
Auto-compounding | FTSO rewards do compound if your rewards go immediately back into WFLR - this can be done through automatic claiming - https://docs.flare.network/tech/automatic-claiming/ |
Self Bond | The validator must self bond a minimum of 20M FLR. |
Staking Workflow
How does staking works? | In the FTSO, staking involves delegating your tokens to data providers (signal providers). These providers submit data to the oracle, like cryptocurrency prices. Your stake contributes to the weight of their vote. |
What is the staking process? | You choose a signal provider and delegate your tokens to them. This is done through the Flare interface or a compatible wallet. There's no need to transfer tokens; it's more like setting a preference. |
Do funds move out to another wallet? | The funds technically leave your wallet to a smart contract that can only withdraw to your address. |
Can I keep staking/unstaking from/to the same wallet? | Yes, you can continually stake and unstake to the same wallet. |
Can I select how much of my wallet balance I want to stake? | Yes, you have control over how much of your balance you want to delegate to a signal provider |
How do I unstake? | Unstaking usually involves removing the delegation from the signal provider. This can be done through the wallet or platform interface where you staked. This process takes O to 3.5 days. |
Can I unstake part of the staked balance? | Yes, you can choose to unstake a portion of your delegated tokens. |
How is my balance computed at epoch N for the rewards distribution? | Your reward is typically calculated based on the amount of your stake and the performance of your chosen signal provider at the beginning of the epoch. |
What is the slashing risk on the FTSO chain? | Only the signal provider's tokens are subject to slashing. |
How is commission paid? | Commissions are paid as rewards are earned. |
Validators (P chain)
| Name | Address |
|---|---|
Kiln |
|
Staking mechanics
| Metric | Value |
|---|---|
Min Staked Amount | 50,000 FLR |
Stake activation time | Instant |
Stake lock-up time | Delegation parameter: between 60 and 365 days |
Auto-compounding | No |
Self Bond | The validator must self bond a minimum of 6.25% of its total delegated amount |
Staking Workflow
How does staking works? | Staking on the P-Chain involves locking funds for a period of time to support a specific network validator. |
What is the staking process? | In order to stake FLARE you need to initiate a staking transaction that will lock the funds for the selected time. In order to initiate this transaction you'll need to enter the Node-ID provided by Kiln |
Do funds move out to another wallet? | No, the funds are locked in the staking process but do not move to another wallet. |
Can I keep staking/unstaking from/to the same wallet? | Yes you can add additional stake up to 5 times the initial staked amount as delegation to the same node. To unstake, you have to wait until your delegation cycle ends |
Can I select how much of my wallet balance I want to stake? | Yes, the minimum is 50,000 FLR |
How do I unstake? | You have to wait till the staking period ends. This period is defined by you when the staking starts and has a minimum of 2 weeks. |
Can I unstake part of the staked balance? | You have to wait till the staking period ends. This period is defined by you when the staking starts and has a minimum of 2 weeks. |
How is my balance computed at epoch N for the rewards distribution? | Rewards are distributed based on the amount staked at the last block. |
What is the slashing risk on the P-chain? | There is no slashing on the P-Chain. |
How is commission paid? | Once the staking cycle ends |
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