Sceptre, a new liquid staking protocol for the ‘data blockchain’ Flare, has been released in private beta.
Designed to maximize FLR yields, Scepter allows users to use their tokens on DeFi protocols while continuing to claim native Flare rewards and monthly FlareDrop.
The Scepter protocol was developed by Rome Blockchain Labs (RBL), which is also building lending and lending platform Kinetic. The two protocols work together to help maximize the functionality of the FLR token.
Billed as a blockchain for data, Flare has three primary reward mechanisms:
- Staking to infrastructure providers to support network consensus and security
- Delegate to Flare Time Series Oracle to support decentralized data delivery across the network
- Receive a monthly FlareDrop for participating in the network.
Flare co-founder Hugo Philion introduced Scepter to the ecosystem.
“Flare token economics, and especially FlareDrop for the 36 months running until January 2026, are heavily weighted towards the community, with nearly 60% of all tokens going to the community. Scepter and liquid staking allow builders to take advantage of this attractive environment, knowing that potential users of their Dapps will still have access to these native rewards.”
Liquid staking allows holders to continue receiving these rewards and can also earn additional returns from other protocols using sFLR, a liquid staking variant. This increases the functional liquidity of the FLR token, creating a more attractive deployment environment for developers.
Users start by staking FLR on Scepter and receiving sFLR in return. sFLR continues to accumulate Flare base rewards while providing full liquidity. Once unstaken on the platform, users receive their initial stake plus rewards and FlareDrops (excluding protocol fees).
Initially, Scepter will allow users to participate in lending protocols and dex liquidity pools using sFLR, but RBL said additional use cases are also in the pipeline.
Announcing the private beta launch of Sceptre, Alexander Elhorst, COO of Sceptre, said:
“Flare is a young and vibrant network. Liquid staking will further accelerate the growth of the DeFi ecosystem. We see a bright future for the chain and want to help build it. We are excited to offer the first liquid staking protocol on the network and look forward to working with other ecosystem projects to integrate sFLR.”