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Flare Finance to Launch Another Beta Version on Songbird with NFT Bonuses and Prizes: Details

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Sun, 08/15/2021 - 14:21
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Vladislav Sopov
Pioneering Flare-based DeFi ecosystem shares the details of its next beta testing phase
Flare Finance to Launch Another Beta Version on Songbird with NFT Bonuses and Prizes: Details
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Flare Finance (DFLR) builds a one-stop decentralized finance (DeFi) ecosystem on Flare, the much-anticipated EVM-compatible blockchain. Here is how this product is going to leverage Songbird (SGB), a Flare "canary network?"

Flare Finance (DFLR) teases new beta program with NFT prizes and rewards

According to the latest tweet by Flare Finance (DFLR), its beta testing program is going to launch on Songbird (SGB), a sister chain of Flare Network.

First of all, Flare Finance (DFLR) is going to start an incentivized beta testing program with a number of lucrative rewards for participants. The new beta testnet will inherit Samurai-themed aesthetics from previous Flare Finance initiatives.

Namely, Flare Finance (DFLR) will distribute the "Samurai" series of digital collectibles (non-fungible tokens, NFTs) and prizes in cryptocurrencies.

Related
Flare Finance's NFT Sold for Over $10K Ahead of Public Beta Relaunch

As covered by U.Today previously, Flare Finance (DFLR) rewarded its early-bird adopters with Samurai-themed NFTs. One of them, "Super Rare" Samurai NFT, was then sold for 5.06 Ethers (ETH).

Introducing "Experimental Finance" concept: What is ExFi?

Flare Finance (DFLR) is going to introduce the brand new concept of "Experimental Finance" to a global community of blockchain enthusiasts.

As explained by Flare Finance (DFLR), the "Experimental Finance" of "ExFi" will act as an experimental environment for the financial designs of the DeFi segment:

#ExFi refers to Experimental Finance, or decentralized finance with new approaches to financial modules that may be adopted into main network #DeFi. In other words, a #DeFi sandbox where anything can happen!

As U.Today previously reported, before the inception of Flare's mainnet, its team will launch Songbird (SGB), a "canary network," to stress test all of Flare's economical scenarios with real-world tokens.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)