So in short and related to my other messages of today. A stand alone interoperability protocol (pretty much all interoperability protocols) can only capture value in fees or messages across the protocol. Because Flare is an L1 that has a full ecosystem and also enables interoperability, value is captured across the whole range of services and products that use it. This is a vastly different and superior economic model IMO.

If one defines interoperability as bridging and message passing between chains then this introduces something much more. The key aspect here is that it allows developers to build applications on Flare that manage pools of assets on any connected chain. This is chain abstraction.

With Flare, you don’t just hold, you compound. - FTSO delegation: Every 3.5 days - Staking: Every 14 days - FlareDrops: Every 30 days - rFLR DeFi rewards: Every 30 days @FlareNetworks makes your journey rewarding ☀️

What is an overcollateralized bridge? Why is it better than WBTC? And what can we build with that? Tune in for this interview with @HugoPhilion. 👇

As promised, here’s the full recording of @HugoPhilion’s @kbwofficial panel. Timestamp 👇 0:30 Evolution of Blockchain and Importance of Data 3:00 Current State of Oracles 5:29 Summary of Current Oracle Issues before Flare 7:00 Introduction to Flare's Data Protocols 9:15 Flare: the only L1 with Enshrined Oracles 9:50 Restaking vs. Enshrining Economic Model 15:30 Trusted Execution Environments (TEEs) 18:00 Integrating TEEs with Blockchain 21:00 Next steps for Flare 23:00 Flare's Growing Ecosystem What message from Hugo’s talk do you think everyone should hear? @FlareNetworks #BlockchainforData ☀️