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Second Airdrop Coming to XRP Holders – Here’s the Latest on YieldFlare

Second Airdrop Coming to XRP Holders – Here's the Latest on YieldFlare


A little-known second airdrop is on its way to holders of XRP who are already set to receive the highly anticipated Spark token airdrop from Flare Networks.

In December, the Ripple-backed crypto startup Flare executed a snapshot of participating XRP holders and distributed its Spark (FLR) token to them at a rate of 1.0073 Spark per XRP owned.

In total, Flare is set to distribute 45,827,728,412 Spark tokens to XRP holders in the first half of this year.

The token is part of a new smart contract ecosystem that’s designed to bring Ethereum-type functionality to the XRP Ledger.

Now, Flare Finance – which is built on the Flare blockchain and designed to power swaps, stable currency, yield farming, asset-backed loans, insurance, and yield mining – plans to offer those same participants another airdrop. The company says it will airdrop DAOFlare token (DFLR) to users who receive Spark. DFLR holders can then swap those tokens for YieldFlare, Flare Finance’s official token.

Explains Flare Finance on Twitter,

“One month after the main network launch of the Flare Network, Flare Finance 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).

But wait, you must go one step further to begin interacting with the Flare Finance ecosystem. The last step is to swap your DFLR for YFLR (YieldFlare), the official token of the Flare Finance Ecosystem. Once swapped, endless potential awaits.”

Flare has said the network will launch in the second quarter of 2021.

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Featured Image: Shutterstock/Liu zishan





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