FlareDrops are rewards that users receive for participating in Flare by acquiring FLR tokens and wrapping them.
There are a series of 36 monthly airdrops to participants totalling 24.25 billion FLR, Flare’s native token. Every 30 days, approximately 670 million FLR are rewarded to active network participants based on their combined WFLR holdings and FLR stake. The first FlareDrop was on 17 March 2023 and the final FlareDrop will be on 30 January 2026.
How do I qualify for FlareDrops?
Anyone who wraps or stakes FLR qualifies for FlareDrops.
To buy FLR, refer to CoinMarketCap or CoinGecko for a list of exchanges that offer it. Send your newly acquired FLR tokens to a wallet, which you will need to participate in the Flare ecosystem as a token holder. Choose from a list of wallets that support FLR.
Add Flare as a custom network with the RPC and chain ID info to connect with Flare. FLR is the native asset on the Flare blockchain, therefore it does not have a contract address.
The easiest way to wrap the FLR tokens is by using the Flare Portal.
- Connect wallet to see your FLR balance.
- Click ‘Wrap’ button. Note that You can always unwrap using similar steps.
- Add WFLR contract address to see it in your wallet: 0x1D80c49BbBCd1C0911346656B529DF9E5c2F783d
Note: If you have chosen to use Bifrost wallet, you can wrap and claim your tokens directly on the Bifrost UI.
Once you have wrapped your FLR, you can claim your FlareDrops periodically or appoint an executor for automatic claiming. There’s no downside to wrapping tokens. Wrapped FLR (WFLR) can be delegated to data providers and used for participation in governance voting. WFLR can be unwrapped at any time. Delegated WFLR continue to accrue FlareDrop rewards.
How are FlareDrops calculated?
Monthly FlareDrop allocations are based on the combined total of WFLR held and FLR staked.
The average of the combined WFLR and staked FLR is calculated based on a snapshot of 3 random blocks from the 23 days prior to distribution day. The number of FLR received is proportional to this average as a percentage of the total circulating WFLR and staked FLR.
For example, if a wallet contains an average of 0.001% of the total circulating supply of combined WFLR and staked FLR, then the wallet is eligible for 0.001% (6760.4 FLR) of the total distribution allocation (676,040,637 FLR).
How do I claim FlareDrops?
Some wallets support claiming FlareDrops natively, e.g., Bifrost; otherwise you can claim using the Flare Portal.
Flare distributions are available at 12:00 UTC, according to the following schedule. Claim your FlareDrop before the distribution period expires, which happens 67 days after it first becomes claimable. Any unclaimed tokens are burned.
Boost your earnings further by delegating or staking your rewards, or by participating in the Flare DeFi Emission Program.
FAQs
Do I miss getting FlareDrops if I use my tokens in DeFi?
Not necessarily – For instance, Enosys ensures all FLR in their pools still receive FlareDrops and FTSO delegation rewards. With Sceptre, FLR staked in an sFLR pool still receive FlareDrops.
I didn’t claim my FlareDrops last month. Can I still claim them?
As FlareDrops are based on 90-day cycles (with 23 days set aside for calculating the share that goes to each wallet), holders have 67 days to claim. At the end of this cycle, the unclaimed FLR are burned.
How can I avoid missing a claim?
Third-party entities, called executors, offer their services to claim your FlareDrop for you in exchange for a small fee. The process is secure and done entirely through smart contracts. Learn more about executors and automatic claiming.
When is the next FlareDrop, and how many are left?
At the time of publishing, 19 FlareDrops have happened with 69,502 addresses as unique FlareDrop recipients. FlareDrops.20 is happening on October 7 with 16 more drops to follow. Start your Flare journey today.