

XRP holders will receive a second airdrop from Flare Finance – built on the Flare blockchain and designed to power swaps, stablecoins, yield farming, insurance, and asset-backed loans – via a snapshot of the Flare Network’s blockchain. The Flare Network itself integrates the Ethereum Virtual Machine (EVM) and does not derive safety from a token. Token holders will also be able to earn a return on their holdings by contributing data to the Flare time series oracle. It’s worth noting Spark tokens will be used for governance on the Flare network through voting mechanisms, and token holders will be able to earn a return on their holdings by committing Spark tokens as collateral to secure the trustless issuance and redemption of FXRP, a protocol built to “safely enable the trustless issuance, usage and redemption, of XRP on Flare.”
The tokens will be airdropped at a ratio of 1.0073 FLR per each XRP token investors held at the time of the snapshot. Requests for subscriptions are screened by Benefits staff and you must be a current UF employee to register.XRP token holders are set to receive Spark (FLR) tokens from the Ripple-backed cryptocurrency startup Flare Networks, which has revealed it will airdrop a total of 45.8 billion FLR to XRP investors, after taking a network snapshot back in December.Īs CryptoGlobe reported, Flare Networks will not distribute tokens to Ripple-owned accounts but will distribute tokens to Rippleworks, a charitable organization founded by Chris Larsen, a co-founder of Ripple. Subscribe to our FLARE email list to receive periodic emails regarding upcoming workshops, as well as financial and retirement news. Employees can find out more about live webcasts, nearby presentations, and recorded workshops on.

You can find details on UF’s FLARE workshops here and register through myTraining.įlorida Retirement System members may also take advantage of free FRS financial planning workshops. The University of Florida offers FLARE workshops to help you on your journey toward the best possible financial future. FLARE & Florida Retirement System (FRS) Workshops FLARE, UF’s Financial Literacy and Retirement Education program, offers resources to illuminate the journey to financial security. It is more important than ever to plan for your future and save for retirement, and now is a great time to start. State University System Optional Retirement Program (SUSORP).Preparing to Retire (Steps for Active UF Employees).
