Yield Update - February 2026
- Joel Monteiro
- 4 minutes ago
- 3 min read
The end of FlareDrops is already impacting yield opportunities. This month, nearly all yields have trended downward - some sharply - with the notable exception of Enosys’ liquidity pools, which saw a major jump.
As mentioned last month, Yield Update focuses on the premier staking and liquidity pool opportunities for sFLR. While you can also utilize sFLR for perpetuals or arbitrage, these are active trading strategies rather than consistent yield sources, so they fall outside the scope of this guide.
All values presented were gathered on February 9th 2026.
Enosys
Enosys is the only protocol going against this month’s downward trend. The yield on Enosys’ 0.05% fee sFLR-wFLR liquidity pool 7-day APR jumped massively this month, from 29.56% to 43.9% with incentives paid in rFLR.
SparkDEX
The end of the FlareDrops had a massive impact on SparkDEX’s liquidity pools’ APR. Below, we highlight the best opportunities for both dual and single-asset liquidity pools featuring sFLR on SparkDEX:
Single deposits:
There are 2 single deposit vaults on SparkDEX accepting sFLR:
sFLR/wFLR: 15.35% APR, down from a 23.47% APR last month due to the lack of the FlareDrop. Keep in mind that 11.06% of the APR is in the form of rFLR rewards.
sFLR/flrETH: 23.83% APR, up from 10.82% APR last month. The APR comes entirely from fees.
Dual deposits:
As for dual deposits (where you have to provide sFLR plus another token), you can currently find on SparkDEX:
sFLR + wFLR: ranging from 3.67% APR to 14.81% APR depending on the fee tier you select. This is also a massive drop from last month’s yield since the FlareDrop is no longer adding to the APR. Also, keep in mind that a large part of the rewards in the highest tier are paid in rFLR rewards.
sFLR + USDC.e: 6.61% APR on the 1% fee tier, down from 9.29% APR last month.
sFLR + FXRP: 8.49% APR on the 0.3% fee tier, a massive drop from last month’s 30.78% APR. Entirely from fees.
sFLR + stXRP: 3.76% APR on the 1% fee tier, another massive drop. It was 19.71% APR only a month ago.
sFLR + flrETH: 6.14% APR on the 0.05% fee tier, down from a 9.49% APR last month.
If you don’t know the first thing about liquidity pools, we strongly advise you to take a look at our guide. While token pair pools typically require multiple assets, as covered in our guide, SparkDEX also offers single-sided deposit pools. These follow the same fundamental principles but allow you to participate using only sFLR.
Spectra
Recently deployed on Flare, Spectra offers sFLR users 3 different options for their liquid staking tokens, all of which mature on May 17:
Fixed rate - 19.25% Max APY, down from 21.17% APY.
Yield leverage - with a 32% Base APY and a 20.01% Implied AP, both down from last month as well.
Liquidity pool - with a 34.55% Base APY, also down from 36.48% last month.
If you’re looking for a breakdown of all these concepts with practical examples, check out our primer on Spectra.
Kinetic
Kinetic’s APY on sFLR deposits is slightly up by 0.01%. While not attractive in comparison to other offerings on the network, it’s still by far the easiest protocol to use for those that don’t want to take on additional risk or simply want to park their sFLR and not think about it. At the moment, you can get a 0.48% APY when supplying to Kinetic, 0.40% of which is paid in rFLR.
Supplying sFLR to Kinetic is very simple but you should follow our guide if it’s your first time doing it.
Before jumping into any of these, we highly recommend you to do your research, starting by checking the multiple guides scattered throughout the article covering the fundamentals of the mechanisms used by the protocols we covered. We’ll return next month with a fresh update on these and more yield opportunities for your sFLR. Until then, don't forget to follow us on X or join our Discord and Telegram communities to stay updated on all things Sceptre.