Hex Trust provides Delegation support as an FTSO Data Provider for FLARE ($FLR)

Hex Trust provides Delegation support as an FTSO Data Provider for FLARE ($FLR)

January 9, 2023

Hex Trust has announced the launch of delegation support as an FTSO Data Provider for FLARE ($FLR) and now offers a full suite of products and services around the network. The launch enables institutional clients to delegate their FLR tokens to Hex Trust's Flare Time Series Oracle (FTSO) to earn rewards. 

Hex Trust's full suite of products and services around Flare Network also includes the support of FLR via Hex Safe, the bank-grade platform for securing and managing digital assets, designed with a compliance-first approach and the highest level of security available in the market. Other Flare services include additional ecosystem functionalities from the safety of cold storage, such as governance, delegations, and wrapping/unwrapping.

“It’s our mission at Hex Trust to fully integrate, support and provide a wide range of services for blockchain ecosystems like Flare Network. As an FTSO, HT Markets will help secure the Flare Network while also adding value to our clients by enabling them to delegate and utilize FLR tokens kept in custody with us.” — Dario Capodici, Head of Markets at Hex Trust

The Flare Time Series Oracle (FTSO) is a decentralized on-chain mechanism that provides time-series data estimates to the Flare Network to ensure accurate pricing for assets within its smart contracts. Every FLR holder now has a chance to delegate their Flare (FLR) to Data Providers such as Hex Trust to earn FTSO Delegation Rewards.  

By delegating your voting power, not only do you earn rewards, but you support reliable data providers, which strengthens the stability of the FTSO and the entire Flare network ecosystem.

Want to learn more? Contact partnerships@hextrust.com to get started.

What is Flare Network?

Flare is the blockchain for data. It is an EVM-based Layer 1 blockchain that gives developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing apps to serve multiple chains through a single deployment.

Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with smart contracts on Flare. The Flare Time Series Oracle delivers highly-decentralized price and data feeds to dapps on Flare, without relying on centralized providers.

Website   |   Twitter   |   Telegram   |   Discord

About Hex Trust

Hex Trust is the leading fully licensed and insured provider of bank-grade custody and associated services for digital assets in Asia. Led by veteran banking technologists and award-winning financial services experts, Hex Trust has built Hex Safe, a proprietary bank-grade platform that delivers custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset organizations, corporations and private clients. Hex Trust has offices in Singapore, Hong Kong, Dubai, Italy, and Vietnam. 

For more information: visit hextrust.com or follow Hex Trust on LinkedIn and Twitter.

Thank you! Your submission has been received!
Download the PDF ⟩
Oops! Something went wrong while submitting the form.
More from Hex Trust
Hex Trust Secures Additional VASP License from Dubai's VARA for Markets Arm
June 5, 2024
Hex Trust Secures Additional VASP License from Dubai's VARA for Markets Arm
Hex Trust secures additional VASP license from VARA in Dubai, expanding its digital asset services to include Broker-Dealer, Management, and Regulated Staking, cementing its role in the MENA region's thriving crypto ecosystem.
Read More ⟩
Hex Trust Partners with WalletConnect to Enhance User Experience in the Web3 Ecosystem
March 5, 2024
Hex Trust Partners with WalletConnect to Enhance User Experience in the Web3 Ecosystem
Seamless interaction with 5,000+ apps across EVM chains. Secure and convenient connectivity for trading, DeFi, NFTs, and gaming.
Read More ⟩
Hex Trust Announces New Appointments to Advisory Board
February 14, 2024
Hex Trust Announces New Appointments to Advisory Board
Hex Trust is pleased to announce the addition of Dr. Dimitrios Kavvathas and Marty Jetton to its Advisory Board.
Read More ⟩
We use cookies, including third-party cookies, to ensure that we give you the best experience on our website. By continuing to browse, you consent to the use of cookies. Learn more about cookies and how to control whether they are enabled. View our Privacy Policy for more information.
Cookie preferences