Cofounder of @flarenetworks.
Dubai, United Arab Emirates
Joined March 2019
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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 ↓
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.
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.
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.
Hugo Philion retweeted
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.
Hugo Philion retweeted
Flare has been about data since day one, and most of it has been used on Flare.
Where would you like to see it used across crypto?
The best ideas in the replies are the ones we want to read 👇
Flare has always been about data.
@HugoPhilion with @thinkingcrypto at @RippleSwell on where that goes next: decentralized data, built into the network, for the wider crypto ecosystem 👇
Hugo Philion retweeted
Flare has always been about data.
@HugoPhilion with @thinkingcrypto at @RippleSwell on where that goes next: decentralized data, built into the network, for the wider crypto ecosystem 👇
Hugo Philion retweeted
The hard fork activated successfully, and the network continues to process transactions normally. Confirmations may take slightly longer than usual while the remaining validators upgrade.
Big thanks to all validators and node operators for their quick response and coordination in making this happen.
Flare is rolling out go-flare v1.15.1, a network upgrade that patches a vulnerability in the upstream code used by Flare nodes. The fix has already been tested. The hard fork activates on Nov 11 at 14:00 UTC. Validators and node operators: please upgrade as soon as possible.
Why now: the fix was already scheduled for later this month. We’re bringing it forward after our monitoring flagged an attempt to exploit the vulnerability. Engineering and validators are coordinating on the rollout.
For users: no action needed. Once validators upgrade, the network carries on as normal. The vulnerability does not affect user funds or keys.