DeFiOracles, one of the Flare Times Series Oracle providers (FTSOs), is stress testing its Songbird infrastructure
Launched in early March 2021, DefiOracles is one of the earliest infrastructure vendors for Flare (FLR) blockchain and Flare Finance DeFi ecosystem. Its team shares the results of its stress testing.
SGB, WSGB go live in DeFiOracles
According to the announcement shared on the DeFiOracles Twitter account, its team is experimenting with Songbird’s SGB tokens and their wrapped version (WSGB).
Pleased to report testing is going smoothly!
Our Node is healthy!
Here's our @FlareNetworks wrap/unwrap $SGB and $WSGB delegation service! We intend to provide the lowest delegation rate on the network giving delegators the highest returns while the rewards are the highest! pic.twitter.com/UJhc2g5e8O— DeFiOracles (@DeFiOracles) September 21, 2021
The team ensures that testing is going smoothly while the node operations are “healthy.” The DeFiOracles team shared the screenshots of the system working with SGB and WSGB.
DeFiOracles engineers added that their top priority is providing the lowest delegation rate on Flare and Songbird.
As such, their delegators will receive the highest rewards on their stakes compared to the customers of other FTSOs.
First steps of Songbird “observation mode”
That said, DeFiOracles are among the pioneers of experimenting with Songbird (SGB) tokens. These tokens were distributed between airdrop participants on Sept. 17, 2021.
Songbird is a “canary network” for Flare that is launched to stress test all of its core financial designs. It utilizes “real” tokens instead of testnet coins from faucets.
Now Songbird (SGB) works in observation mode: its operations can be halted and its node peering is semi-centralized. In the coming days, centralization elements will be removed.
Flare’s Songbird Successfully Exits Observation Mode: Details
Songbird, Flare’s “canary network,” reports that its semi-sandbox “observation” mode phase is over
Flare, a much-anticipated Turing-complete smart contracts platform, is getting closer to its mainnet release.
Songbird “observation mode” experiment is completed
According to a press release shared with U.Today, Songbird, the “sister chain” of Flare, has ended its “observation mode.”
This stage in Songbird blockchain’s lifespan began on Sept. 16, 2021, as its smart contracts were deployed to mainnet.
As covered by U.Today previously, in observation mode, the process of node synchronization was coordinated by some centralized instruments.
Now, since no unforeseen issues have been registered by the Flare Networks team, Songbird is up and running in full-stack mainnet.
340 validators, 40 data providers: FTSO ecosystem gains steam
As of today, Flare Times Series Oracles, core vendors of data for Songbird blockchain, have successfully rolled out their infrastructure. FTSOs should be considered one of three pivotal elements in Flare’s design, alongside F-assets and the so-called “State Connector.”
Hugo Philion, CEO and co-founder of Flare Networks, stresses the importance of Flare’s progress for its successful mainnet release in the future:
Songbird marks a key step for the entire industry in enabling tokens on networks without smart contracts to be used trustlessly and in a non-custodial manner for the first time with scalable smart contracts. Over the last week witnessing the Flare community start to interact with the Songbird and particularly the FTSO has been wonderful for myself and the team to observe.
The team noticed that more than 340 validators, and over 40 data providers, proudly joined the process of Songbird’s transaction validation.
Also, SGB tokens are listed by the first CEX, Bitrue.
Flare (FLR), Songbird (SGB) Can Now Be Delegated to Leading Swiss IT Provider
High-profile Swiss IT services vendor Lena Instruments to allow Delchain’s FLR and SGB holders delegate their assets.
One more institutional blockchain services vendor joins the club of Flare Times Series Oracle (FTSO) platforms.
Delchain has entered into a partnership with Lena Instruments for FLR, SGB delegation
According to the official announcement shared by DelChain, a crypto-focused arm of digital wealth manager DelTec, it has inked a partnership with Swiss-based Lena Instruments.
Happy to announce our partnership w https://t.co/X8f8NYFhOU, #Crypto branch of https://t.co/SSG0Ls4Ha3 https://t.co/eWrlvjsiam
Launching Delegation/FTSO on #Songbird #FlareNetwork among other things.@FlareNetworks @HugoPhilion @CommunityFlare— LenaInstruments (@LenaBlockchain) September 23, 2021
Within this collaboration, all of DelChain’s clients with Spark (FLR) and Songbird (SGB) bags will be able to delegate them through Lena Instruments’ infrastructure.
On Flare (FLR) and its “canary network,” Songbird (SGB), Flare Times Series Oracles (FTSOs) act as validators in proof-of-stake (PoS) and similar systems. They receive periodic rewards for transferring and confirming in-blockchain data.
Bruno Macchiali, CEO of Delchain, states that this announcement is the result of a partnership between his firm and Flare (FLR) blockchain:
Delchain and Flare announced their partnership back on April 28th, 2021. We are pleased to partner with Lena Instruments which will now bring its expertise and production quality to the Flare ecosystem. This is an exciting time for Delchain as we create an unbeatable value proposition of solid returns and excellent service to our clients participating in the Flare and Songbird Networks.
SGB token trading launch is in the cards
Lena Instrument itself holds a position in both products in the form of tokens, so this partnership looks natural for its business strategy, according to Mona Bürkle, head of business development at Lena Instruments:
Being a major Flare and Songbird token-holder, we’ve decided to reaffirm our confidence in the Flare Foundation by launching the First Institutional-Grade Governance Delegation Service on both Songbird and Flare.
As such, FLR and SGB holders can earn yields on their delegated tokens through an institutional-grade IT services vendor.
As covered by U.Today previously, due to SGB listing on Bitrue exchange, its holders will be able to trade them against XRP and U.S. Dollar Tether (USDT) from Sept. 27.