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Holders Of XRP Will Get Second Airdrop From Flare Finance

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Ripple-backed smart contracts platform Flare Networks took a snapshot of all XRP Ledger addresses back in the month of December and is now all set to give free Spark (FLR) tokens to the holders of XRP, the native digital currency of the San Francisco-based blockchain payments firm Ripple. Back then, Flare Networks announced to give a total of 45.8 billion FLR tokens to the investors of XRP.

Apart from that, the holders of XRP will also get a second airdrop from Flare Finance, an institutional-grade decentralized finance project built on the top of Flare Networks and has been designed for powering stablecoins, swaps, asset-backed loans, insurance, and yield farming.

Flare Finance said in a tweet posted back in the month of December that it will give free tokens to the holders of XRP through a snapshot of the blockchain of the Flare Network. According to Flare Finance, the snapshot will be taken of the balances of those holders who will have FLR tokens in their accounts. As a result of that, those investors will be given DAOFlare (DFLR) tokens. The snapshot will be taken one month after the launch of Flare Networks takes place, as the team behind Flare Finance said in a tweet posted on the 10th of December:

“1 month after the main network launch of the #FlareNetwork#FlareFinance will snapshot all balances of those who hold $FLR. 7-10 days after our snapshot, you will be proud owners of both $FLR (Spark) and $DFLR (DAOFlare)”

XRP users will be required to swap their DAOFlare (DFLR) for YFLR (YieldFlare) tokens for interacting with the ecosystem of Flare Finance.

The launch of Flare Networks is expected to take place before the end of the current year. And once it is launched, Flare Finance will go ahead with the snapshot.


Gracie Perez is a part of RippleCoinNews team since we started. she holds a degree in Computer Sciences. From 2017, She has pivoted his career towards blockchain technology, with principal interest in writing Cryptocurrency news and different guides. She is also working with different online media outlets.

4 Comments

4 Comments

  1. Juan armenta

    February 3, 2021 at 12:41 am

    When can I buy Flare Spark XRP tokens? I didn’t have XRP during the snapshot of Dec 12. 2020. I would like to purchase

  2. William Wallace

    February 11, 2021 at 4:30 am

    I did have XRP and have not received any Flare Tokens. I had them on an exchange and in my wallet in December as well. Has the drop been delayed or is it to happen in the near future? Thank you! Still new to crypto.

    • Julian Høstan Urrea

      June 2, 2021 at 6:23 pm

      It depends if your wallet was supported. Mine wasn’t but I figured a way around it. I paired my Coinomi wallet to xumm wallet. Then I used that wallet on the xrp toolkit to claim my flare. Hope this helps.

  3. Tango66

    June 10, 2021 at 2:09 pm

    ??? I thank some of this info In this article is off. But the Drop is supposed to happen sometime between June 2021 +2 to 3 weeks they are still in the process of doing security testing. I have never heard anything about owning flare to receive more flair. ???? and there being a second drop however I guess it’s possible.

    For everyone who was holding XRP December 12, 2020 you need to go to ripples homepage and read about the requirements and participating exchanges. There is much more to it and some work required to receive the flare token.

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