Sceptre for Flare
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.
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.
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
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.
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 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 for Partisia
sMPC is the liquid staking token that you receive for staking MPC, Partisia’s native token, on Sceptre according to the current exchange rate.
If your wallet allows it, yes. Here are the details you need:
Token address: 02fc82abf81cbb36acfe196faa1ad49ddfa7abdda6
Decimals: 4
Network: Partisia Blockchain
Name: Sceptre MPC
Symbol: sMPC
Explorer: https://browser.partisiablockchain.com/contracts/02fc82abf81cbb36acfe196faa1ad49ddfa7abdda6?tab=state
The exchange rate changes every time rewards are added to the Sceptre for Partisia pool, which happens every week.
Staking or unstaking on Sceptre mints and burns sMPC in a proportion corresponding to the current exchange rate. Since this minting and burning is proportional, the exchange rate remains unchanged. However, adding MPC to the Sceptre pool via staking rewards does not mint any sMPC. Since the number of sMPC tokens doesn’t increase, the exchange rate of sMPC vs MPC increases to make up for it.
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Still have questions about Sceptre?
General
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.
You can click here to find our Gitbook.
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.
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).
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.