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.

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.

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.

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.

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).

You can click here to find our Gitbook.

When you stake with Sceptre, your assets are staked across around 50 nodes, picked by our service following rigorous criteria. If, for whatever reason, one of those nodes becomes problematic and is penalized by the Flare Network, the risk of our users missing out on rewards will be minimal. A single wallet can only stake on up to 3 nodes on the Flare Network so by staking with Sceptre you’ll be reducing the risk of picking the wrong validator to a minimum.

Liquid Staking involves certain risks, as does any investment in the crypto space. However, Sceptre partners with reputable and secure staking platforms to minimize risks and ensure a reliable staking experience. We also recommend users conduct their own research and consider the security measures of each platform and asset they plan to stake.

Liquid Staking involves certain risks, as does any investment in the crypto space. However, Sceptre partners with reputable and secure staking platforms to minimize risks and ensure a reliable staking experience. We also recommend users conduct their own research and consider the security measures of each platform and asset they plan to stake.

Staking or unstaking on Sceptre mints and burns sFLR in a proportion corresponding to the current exchange rate. Since this minting and burning is proportional, the exchange rate remains unchanged. However, adding FLR to the Sceptre pool via rewards, FlareDrops and staking fees does not mint any sFLR. Since the number of sFLR tokens doesn’t increase, the exchange rate of sFLR vs FLR increases to make up for it.

Sceptre can only see the sFLR in your wallet and not the sFLR that you might have in another protocol. If you've supplied sFLR to another protocol, it's no longer in your wallet as sFLR but in the protocol you supplied your sFLR to. It will not show up in the Sceptre UI but you will be able to see it in the UI of the protocol you supplied to.

You can track the DEX price of sFLR on Coingecko. However, the unstake price on Sceptre is likely higher but requires the 14.5 day cooldown before collecting your wFLR.

Sceptre uses both the p-chain and c-chain, but most rewards added to Sceptre's pool come from the p-chain. Sceptre adds Staking rewards, which are the rewards FLR gets when it is staked with a Validator node on the p-chain. Sceptre also adds Flare Drops to the pool. These exist on both the p-chain and the c-chain. Because most of the FLR in Sceptre exists on the p-chain most of the time, most FlareDrop rewards in Sceptre come from the p-chain. A small amount can come from the c-chain as the sFLR contract holds wFLR when it is staking to nodes or when it is waiting to be claimed by someone who is unstaking. Sceptre may also add Delegation rewards when wFLR resides on the c-chain in the sFLR contract or, in the future, in Sceptre-related wallets that delegate to FTSO's on the c-chain. Currently, this is not happening but we expect this to happen in small amounts in the near future.

Sceptre Staked Flare (sFLR) is the liquid staking token that you receive for staking FLR or wFLR on Sceptre according to the current exchange rate.

A: The exchange rate changes every time rewards or FlareDrops are added to the Sceptre pool. FlareDrops have a schedule you can find here. Staking rewards only have an approximate schedule so it’s harder to know exactly when they will be added to the pool. The fee users pay during the buy-in staking period also contributes to the increase the value of sFLR in the exchange rate.

Your sFLR can be used in a variety of protocols across the Flare Network. These include swaps, liquidity pools and yield farms and lending platforms. The protocols currently accepting sFLR are: Kinetic - a digital assets lending and borrowing protocol on the Flare Network. Rainlang/Raindex - an on-chain orderbook contract that enables users to deploy complex, on-chain strategies for managing token trades. SparkDEX/SteerProtocol - SparkDEX and Steer offer liquidity pools where you can become a liquidity provider. Enosys - A v3 DEX on the Flare network where you can participate in liquidity pools. BlazeSwap - A well known DEX on the Flare Network with liquidity pools you can participate in. Cyclo - leveraged trading platform on the Flare Network. XDFi - non-custodial futures contracts platform on the Flare Network.

If your wallet allows it, yes. Here are the details you need: Token address: 0x12e605bc104e93b45e1ad99f9e555f659051c2bb Decimals: 18 Network: Flare FlareScan: Staked FLR

You can only stake before the non-staking (FlareDrop snapshot) period. So for every FlareDrop you are either in Sceptre or not. At the end of the 23 days non-staking period the FlareDrop is added to the pool and you have your FlareDrop via the exchange rate increase.

You are still getting those rewards and FlareDrops as part of the value of sFLR vs FLR.

We’ve staked on your behalf into the Sceptre pool which receives FlareDrops. Once these have been claimed by Sceptre they are added to the Sceptre (sfLR) pool (-10% fee) which in turn increases the exchange rate to reflect the FlareDrop.

Every sFLR minted works like a part of the pool of FLR Sceptre is staking. That pool includes the rewards so whenever rewards come in the price of sFLR vs FLR/wFLR goes up. Alternatively: Imagine a DEX pool starting with 1 FLR and 1 sFLR. Now we start adding FLR to the pool. The price of sFLR goes up. You can sell your sFLR in the pool but when you do. It gets burned so that does not affect the price of sFLR vs FLR.

While you stake with Sceptre, Sceptre claims the Staking/Delegation rewards and FlareDrops for you. These rewards influence the exchange rate of sFLR (Sceptre’s Liquid Staked FLR) versus FLR. When you wish to use your sFLR in another protocol, like a lending platform, you don’t have to unstake to “get your rewards”; they are added continuously so the sFLR in the lending platform will be worth more and more versus FLR.

The exchange rate increases every time Sceptre adds rewards to the pool. Rewards added to the pool are FlareDrops (every 30 days), Staking Rewards (currently every 14 days), and in the future Delegation rewards. So the answer is somewhere between 3 and 10 times per month depending on when the rewards come in and how often.

Keep an eye on the exchange rate. If you know when you staked, then the calculation is fairly straight forward: amount of sFLR * Exchangerate at the moment of staking (would give you the amount of FLR you staked) vs amount of sFLR * current exchange rate (gives you the amount of FLR your sFLR is worth now).

Staking rewards are added to the sFLR pool as soon as they come in which is currently once every 14 days. Once Flare increases the frequency of claiming for stake rewards, the distribution frequency will follow accordingly.

The Sceptre protocol will determine where to stake. We do not have our own validator nodes and don’t plan to have any. They are evenly distributed amongst the nodes that fall within the criteria of uptimes, fees, and APYs. Our goal is to provide the best possible return for our users, against the lowest possible risk.

While that’s true for individuals staking on the p-chain, that is not an issue for staking with Sceptre. There is no minimum amount of FLR or FLR to stake with Sceptre.

You can't currently vote for Flare FIPs while holding sFLR.

Sceptre's staking process consists of two phases: a free 7-day trial period, followed by a 23-day buy-in period. During this 23-day period, Flare takes 3 random snapshots to calculate the amount of Flare each holder receives during the next FlareDrop. Due to their randomness, there’s no way to accurately predict how much each user is contributing to the Sceptre pool when they stake during this period. In order to keep staking open and fair for everyone, we introduced a fee during this period with a value calculated by our team to ensure fairness for everyone staked. This fee offsets any attempts to double dip (users receiving the same FlareDrop individually and via Sceptre) and is added to the Sceptre pool in its entirety. Keep in mind that you can always stake for free during the 7 days following a FlareDrop.

Currently, we only stake to the p-chain but, in the future, we plan to balance the yield and also delegate on the c-chain. It will be needed when the amount of FLR on the p-chain increases so much that the APR of the p-chain goes below the APR of the c-chain.

No. The wFLR that you staked with Sceptre is staked on the p-chain and no longer in your wallet. FLR can be staked or delegated to 1 chain at the time, be it p or c-chain.

For staking with Sceptre, you receive in your wallet a liquid staking token (sFLR) according to the current exchange rate. You can use this token on other protocols across the Flare Network.

Currently, we only stake to the p-chain but, in the future, we plan to balance the yield and also delegate on the c-chain. It will be needed when the amount of FLR on the p-chain increases so much that the APR of the p-chain goes below the APR of the c-chain.

After a 2-week (14.5-day) waiting period, you will receive your original stake in the form of wFLR and have 2 days to claim it. You also receive proportional rewards accrued during the staking period minus a 10% fee on the rewards.

If you don't claim the wFLR you unstaked from Sceptre, it's automatically restaked and you will have to go through the unstaking process again.

Yes, rewards are accrued during the 2-week cooldown period and are counted until the moment you claim your wFLR.

If you don’t want to wait for the cooldown period to end, there are alternatives like swapping sFLR for FLR on a DEX (depending on the availability of pools) or supplying it as collateral on a market that takes sFLR, like Kinect, and borrowing against it.

The minimal staking period on the p-chain is 14 days. For this reason, there is a 14-and-a-half-day unstaking cooldown period. The remaining half day ensures your funds are available when you claim them.

To unstake from Sceptre, connect your wallet and return your sFLR to the Sceptre pool.