On 28 November 2023, blockchain research and development company Flare Labs launched a test version of the FAssets system on Flare’s Coston testnet.
2023년 11월 28일, 블록체인 연구 개발 회사인 Flare Labs는 Flare의 Coston 테스트넷에서 FAssets 시스템의 테스트 버전을 출시했습니다.
The FAssets system enables non-smart contract tokens such as Bitcoin (BTC), (XRP), Dogecoin (DOGE) and others to be used trustlessly with smart contracts on Flare, as per the latest information shared with Finbold.
By minting these tokens into FAssets, it will be possible to stake them in exchange for yield or rewards in decentralized applications on the Flare network, and once the FAssets are on Flare, tokens can also be bridged to other networks.
“More than 70% of the total value of all blockchain assets do not have smart contracts and therefore can’t be efficiently deployed in DeFi. FAssets enable these legacy assets to be represented on a smart contract chain without requiring a centralized third party,” said Hugo Philion, CEO of Flare Labs.
“모든 블록체인 자산의 총 가치 중 70% 이상이 스마트 계약이 없기 때문에 DeFi에 효율적으로 배포할 수 없습니다. FAssets를 사용하면 중앙 집중식 제3자가 필요 없이 이러한 레거시 자산을 스마트 계약 체인에 표시할 수 있습니다.”라고 Flare Labs의 CEO인 Hugo Philion이 말했습니다.
He added:
“For developers, it will be a new and trustless means to access new potential users and a large amount of currently untapped value.”
Mainnet on the way
메인넷 진행 중
While an initial private Beta of the FAssets system will be conducted on Flare’s Coston testnet, a subsequent implementation will follow on the Songbird canary network before FAssets are launched on the Flare mainnet.
FAssets 시스템의 초기 비공개 베타는 Flare의 Coston 테스트넷에서 수행되지만 후속 구현은 FAssets가 Flare 메인넷에서 출시되기 전에 Songbird Canary 네트워크에서 이어질 것입니다.
Flare Labs and initial partners are adopting all required roles within the current system, providing the necessary infrastructure during the Beta.
However, the test assets employed during the test period will allow the simulation of market volatility to evaluate the system’s robustness under stress.
그러나 테스트 기간 동안 사용된 테스트 자산을 통해 시장 변동성 시뮬레이션을 통해 스트레스 상황에서 시스템의 견고성을 평가할 수 있습니다.
As the Beta test progresses, external participants will be able to join.
Once FAssets are live on Flare mainnet, in addition to earning DeFi yields, users and dapps will be able to earn FLR tokens from the cross-chain incentive pool as a reward for bringing sustainable value to Flare.
Source: https://thebittimes.com/flare-labs-launches-test-version-of-fassets-on-coston-network-tbt72230.html
출처: https://thebittimes.com/flare-labs-launches-test-version-of-fassets-on-coston-network-tbt72230.html