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).

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.

We monitor Sceptre contracts and the Flare Network with Hypernative. Unlike traditional security measures that react to attacks, Hypernative takes a proactive approach. It uses machine learning to analyze on-chain and off-chain data to identify potential security risks, economic threats, and governance issues before they cause damage, which allows us to take early action and prevent losses.

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.

Yes, Sceptre's sFLR smart contract was audited by WATCHPUG, a leading security firm with extensive smart contract expertise. You can consult the audit report here.