Question 1

What is Sceptre?

Accepted Answer

Sceptre is the Liquid Staking solution on the Flare network created in cooperation with Rome Blockchain Labs. Sceptre aims to ensure the best possible return for the user while providing a safe and secure way to stake your assets.

Question 2

How does Sceptre work?

Accepted Answer

Sceptre stakes the assets provided and in return mints its Liquid token (sFLR) for the user to use in other protocols. While staked, Sceptre claims the Staking/Delegation rewards and FlareDrops for the users.

Question 3

Where can I find your documentation?

Accepted Answer

You can click here to find our Gitbook.

Question 4

What is the APY users can expect and how is it calculated?

Accepted Answer

Unlike APR (Annual Percentage Rate), APY (Annual Percentage Yield ) takes compounding into consideration (rewards over rewards if you will). What we get in rewards we stake again, constantly increasing the size of the pool of rewards. So, the basis of the APY calculation is the APR with the added effect of compounding. This is an estimation and it can be affected by many factors on the network, like the amount of tokens burned and how fast users claim and compound their rewards. For now, an estimation is the best we can do but I hope that with more data we will be able to provide better indicators.

Question 5

What is Liquid Staking and how does it benefit users compared to traditional staking?

Accepted Answer

Liquid Staking does not just stake assets on behalf of the users - it also gives a LST (Liquid Staked Token) in return. In the case of Sceptre, this token has the value of the staked token (FLR) multiplied by the exchange rate of sFLR vs FLR. Liquid staking allows you to use your liquidity (assets) in other protocols to earn extra yield or borrow against without losing your rewards from staking (and FlareDrops).

Question 6

How can I join Sceptre's group on Telegram?

Accepted Answer

To safeguard Sceptre's community from scammers, our Telegram group invitation-only, so you have to follow the link in our Linktree or on our website. Each join request is also manually reviewed. If you asked to join, please be patient as we process your request.

Sceptre for Flare

What is sFLR?

Where can I track the price of sFLR?

Where can I use my sFLR?

Can I manually add the sFLR token to my wallet?

Does the FLR/sFLR exchange rate change on every claim of rewards or on set dates?

Why does the sFLR/FLR exchange rate only go up on Sceptre?

What rewards does Sceptre distribute to the pool to make the exchange rate of sFLR vs FLR increase?

Sceptre for Partisia

What is sMPC?

Can I manually add the sMPC token to my wallet?

Does the sMPC:MPC exchange rate change on every claim of staking rewards or on set dates?

Why does the sMPC:MPC exchange rate only go up on Sceptre?

Still have questions about Sceptre?

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