Sceptre is a new liquid staking protocol designed to maximize FLR yield – allowing people to use their tokens in DeFi protocols while also continuing to claim native Flare rewards and monthly FlareDrops.
Now live in private beta on the blockchain for data, Flare, Sceptre is being developed by Rome Blockchain Labs (RBL), who are simultaneously building the lending and borrowing platform Kinetic. The two protocols will function hand in hand to help maximize the functionality of the FLR token.
Flare has three native reward mechanisms: staking to infrastructure providers to support network consensus and security; delegating to the Flare Time Series Oracle to support the delivery of decentralized data to the network; and receiving monthly FlareDrops for network participation. With liquid staking, holders can continue to receive these rewards while also using the liquid staked variant, sFLR, to earn additional yield in other protocols. This increases the functional liquidity of the token, creating a more attractive building environment for developers.
Initially it will be possible to use sFLR to participate in lending protocols and dex liquidity pools, with further uses in the pipeline. Users start by staking their FLR with Sceptre and receiving sFLR in return. The sFLR continues accumulating the Flare native rewards while providing full liquidity. When unstaked from the platform, the user receives their initial stake plus rewards and FlareDrops, minus a protocol fee.
Hugo Philion, co-founder of Flare, welcomed Sceptre to the ecosystem: “The Flare tokenomics, and particularly the 36 monthly FlareDrops that will run until January 2026, are weighted heavily towards the community, with almost 60% of all tokens destined to them. With Sceptre and liquid staking, builders can take advantage of this attractive environment knowing that potential users of their dapps will still have access to these native rewards.”
Alexander Elhorst, COO of Sceptre, said “Flare is a young and energetic network. Liquid staking will allow the growth of its DeFi ecosystem to accelerate even further. We see a bright future for the chain and want to help build it. We are happy to offer the first liquid staking protocol on the network and are looking forward to working with other ecosystem projects to integrate sFLR.”
About Sceptre
Sceptre is a Liquid Staking protocol built and supported by Rome Blockchain Labs. Sceptre intends to make use of special features like FTSO’s and FlareDrops of Flare to provide the best service to both its customers and the Flare network. Cooperation and integration with other protocols like Kinetic, where staking will be integrated into the UX of Kinetic directly, are at the top of Sceptre’s priority list.