Cofounder of @flarenetworks.
Dubai, United Arab Emirates
Joined March 2019
- Tweets9K
- Following799
- Followers127K
- Likes8.6K
Pinned Tweet
Almost all future usecases of the blockchain (AI, Gaming, Identity, Real World Assets etc) will require some amount of external data attested onto chain. Decentralisation (without it there is no safety), scalability and low latency are key. Flare is the blockchain for data. #connecteverything
Hugo Philion retweeted
Flare's DVN extends FDC's data verification capabilities to cross-chain messaging through LayerZero.
Around 100 independent data providers check that a message was actually sent on the source blockchain and reach stake-weighted consensus.
The destination blockchain verifies the resulting proof before Flare's DVN approves the message.
Flare is joining @LayerZero_Core as a DVN.
OFT Standard carries 85%+ of cross-chain USD volume for issuers like Tether, PayPal, Paxos and Ondo.
Once live, OFT issuers can add Flare’s DVN: a stake-weighted majority of 100 validators.
The system behind XRPFi, now beyond Flare.
Hugo Philion retweeted
🚨 Flare is joining LayerZero to help verify transfers between blockchains, opening a new source of verification fees paid in $FLR with 90% of the FDC fee going to FIRE.. 🤯
This demand is BEYOND Flare's own ecosystem.
This is BULLISH for $FLR!!
Flare is joining @LayerZero_Core as a DVN.
OFT Standard carries 85%+ of cross-chain USD volume for issuers like Tether, PayPal, Paxos and Ondo.
Once live, OFT issuers can add Flare’s DVN: a stake-weighted majority of 100 validators.
The system behind XRPFi, now beyond Flare.
Hugo Philion retweeted
Integration of flare as a layer zero dvn doesn't mean just sending ofts.
This means every single asset supported by layer 0 can potentially utilize the Flare Data Connector.
Every single FDC transaction comes with fees, gas and burned flr.
Hugo Philion retweeted
Huge step for XRPFi.
With an order book, PT and YT orders can be posted at a chosen rate straight from the wallet. Fixed rates and variable yield on XRP now get priced by the market.
Learn more. 🔽
Spectra order book is now live on EVM, starting with @FlareNetworks
→ app.spectra.finance/fixed-ra…
PT and YT orders can now be posted at a chosen rate, straight from the wallet. On Flare, that makes it the industry’s first order book for XRP yield.
How to & details ↓
Hugo Philion retweeted
Spectra order book is now live on EVM, starting with @FlareNetworks
→ app.spectra.finance/fixed-ra…
PT and YT orders can now be posted at a chosen rate, straight from the wallet. On Flare, that makes it the industry’s first order book for XRP yield.
How to & details ↓
Beyond serving other OFT tokens that already use LayerZero, Flare’s DVN will also be used to secure FXRP and FBTC movement across multiple chains - eg FXRP from Flare to Ethereum, FBTC from Flare to ZRO chain etc.
This means FAsset users can get Flare’s security across all FAssets pathways.
Flare is joining @LayerZero_Core as a DVN.
OFT Standard carries 85%+ of cross-chain USD volume for issuers like Tether, PayPal, Paxos and Ondo.
Once live, OFT issuers can add Flare’s DVN: a stake-weighted majority of 100 validators.
The system behind XRPFi, now beyond Flare.
Hugo Philion retweeted
I can't stress enough how huge this news is.
Flare products like the Flare Data Connector (FDC) and Flare Confidential Compute (FCC) are safeguarding LayerZero cross-chain routes.
Learn more:
FDC: dev.flare.network/fdc/overvi…
FCC: dev.flare.network/fcc/overvi…
Flare is joining @LayerZero_Core as a DVN.
OFT Standard carries 85%+ of cross-chain USD volume for issuers like Tether, PayPal, Paxos and Ondo.
Once live, OFT issuers can add Flare’s DVN: a stake-weighted majority of 100 validators.
The system behind XRPFi, now beyond Flare.
2
Imagine if @LayerZero_Core had a DVN that was an entire L1. All 80-100 validators of the L1 contributing via consensus. Add in more DVNs on top if you want.
Nothing comes close to that level of safety. Certainly not CC(I)P with its measly 16 validators.
Just a thought.
Hugo Philion retweeted
Glad to be joining @LayerZero_Core as a DVN.
Flare has always been about data, and this is a new way for it to serve issuers on the OFT Standard.
Hugo Philion retweeted
1/ Flare’s Network of Data joins LayerZero as a DVN. Issuers using the OFT Standard can add a verifier backed by Flare’s 100 independent data providers once it’s live.
Flare is joining @LayerZero_Core as a DVN.
OFT Standard carries 85%+ of cross-chain USD volume for issuers like Tether, PayPal, Paxos and Ondo.
Once live, OFT issuers can add Flare’s DVN: a stake-weighted majority of 100 validators.
The system behind XRPFi, now beyond Flare.
Hugo Philion retweeted
Secured by Flare data.
Presenting a DVN that secures messages (data) across chains with the same security as everything on the network.
Full validator set securing every cross chain message.
Flare is joining @LayerZero_Core as a DVN.
OFT Standard carries 85%+ of cross-chain USD volume for issuers like Tether, PayPal, Paxos and Ondo.
Once live, OFT issuers can add Flare’s DVN: a stake-weighted majority of 100 validators.
The system behind XRPFi, now beyond Flare.
This is the first (and massive) move in:
“2) Broadening what Flare offers to the wider crypto market.”
Flare is joining the LayerZero interoperability network as a DVN.
This means that applications that transfer huge amounts of value through the LayerZero network will be able to use Flare as part of their security set to deliver data cross chain.
Unlike other DVN’s, Flare is a fully staked L1 blockchain using 100 validators to come to consensus over cross-chain data.
Up until now Flare has just used that data on its own L1.
For the first time Flare will now be delivering that data via its DVN to many chains.
2
Flare is joining @LayerZero_Core as a DVN.
OFT Standard carries 85%+ of cross-chain USD volume for issuers like Tether, PayPal, Paxos and Ondo.
Once live, OFT issuers can add Flare’s DVN: a stake-weighted majority of 100 validators.
The system behind XRPFi, now beyond Flare.
Hugo Philion retweeted
This wagmi binding exposes a great Smart Accounts flow:
An XRPL memo commits to a hash of the calls to run. The executor supplies the FDC proof and full payload. Flare checks the hash, then mints FXRP and executes the calls atomically.
When you build on Flare, direct your agents using our wagmi package npmjs.com/package/@flarenetw…
It has all the interfaces and TypeScript safety.
The latest release added the executeDirectMintingWithData function, which lets you mint FXRP directly and pass the custom-instruction payload in one typed call.
