The Flare Network has announced the launch of its FAssets system, a platform designed to integrate non-smart contract digital assets like XRP, Bitcoin, and Dogecoin into the realm of decentralized applications (DApps). This move is poised to tap into an estimated $800 billion in digital assets currently sidelined due to their inability to engage in smart contract functionalities.

Flare Network 宣布推出 FAssets 系統，該平台旨在將 XRP、比特幣和狗狗幣等非智慧合約數位資產整合到去中心化應用程式 (DApps) 領域。此舉有望利用目前因無法參與智慧合約功能而被擱置的約 8,000 億美元數位資產。

FAssets Link Traditional Crypto with DeFi

FAssets 將傳統加密貨幣與 DeFi 連結起來

The Flare Network, through its innovative FAssets system, is setting a new precedent in the digital currency landscape. By allowing the conversion of traditional cryptocurrencies into FAssets on their network, they are effectively bridging the gap between conventional digital assets and the burgeoning field of decentralized finance (DeFi). This integration means users can now engage their non-smart contract tokens in DeFi activities, potentially earning yields and unlocking new value streams.

Flare Network 透過其創新的 FAssets 系統，正在數位貨幣領域樹立新的先例。透過允許將傳統加密貨幣轉換為網路上的 FAsset，它們有效地彌合了傳統數位資產與新興的去中心化金融 (DeFi) 領域之間的差距。這種整合意味著用戶現在可以將其非智慧合約代幣參與 DeFi 活動，從而有可能賺取收益並釋放新的價值流。

FAssets are created by minting the original digital assets on the Flare Network and transforming them into ERC20 tokens. These tokens can then partake in DeFi practices within the Flare ecosystem and across other networks, courtesy of the LayerCake bridging protocol. This expansion significantly enhances the utility and applicability of previously limited digital assets.

FAssets 是透過在 Flare 網路上鑄造原始數位資產並將其轉換為 ERC20 代幣而創建的。然後，借助 LayerCake 橋接協議，這些代幣可以參與 Flare 生態系統和其他網路中的 DeFi 實踐。這種擴展顯著增強了以前有限的數位資產的實用性和適用性。

Independent Agents Power FAssets’ Decentralized Nature

獨立代理增強 FAsset 的去中心化性質

Distinguishing itself from other wrapped asset systems, the FAssets framework is designed to be trustless. Users do not need centralized intermediaries to engage their tokens in smart contract activities. The independence of the FAssets system is largely attributed to Flare’s native data acquisition protocols. The Flare Time Series Oracle provides decentralized price feeds, while the Stake Connector ensures trustless verification of transactions on the original blockchain.

與其他包裝資產系統不同的是，FAssets 框架被設計為無需信任的。用戶不需要中心化中介機構即可將其代幣參與智能合約活動。 FAssets系統的獨立性很大程度上歸功於Flare的原生資料收集協議。 Flare Time Series Oracle 提供去中心化的價格回饋，而 Stake Connector 確保原始區塊鏈上交易的無信任驗證。

Three types of assets support the functionality of FAssets, the original digital asset, Flare’s native token collateral, and additional collateral in the form of stablecoins or wrapped Ethereum. The minting and redeeming processes of FAssets are facilitated by independent agents, enhancing the system’s decentralized nature.

三種類型的資產支援 FAssets 的功能，即原始數位資產、Flare 的原生代幣抵押品以及穩定幣或包裝以太坊形式的附加抵押品。 FAsset 的鑄造和贖回過程由獨立代理推動，增強了系統的去中心化性質。

The launch of the FAssets system by Flare Network represents a significant leap forward in the integration of traditional digital assets with DeFi. By enabling cryptocurrencies like XRP, Bitcoin, and Dogecoin to participate in smart contract functionalities, a vast pool of untapped value is now accessible. This could lead to a surge in DeFi activities, further cementing its position in the financial world.

Flare Network 推出 FAssets 系統，代表傳統數位資產與 DeFi 融合的重大飛躍。透過使 XRP、比特幣和狗狗幣等加密貨幣參與智慧合約功能，現在可以獲得大量未開發的價值。這可能會導致 DeFi 活動激增，進一步鞏固其在金融界的地位。

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The post Flare Network Unveils FAssets, Eyeing $800B Crypto Market Boost appeared first on CoinGape.

Flare Network 推出 FAssets，著眼於 800B 美元加密貨幣市場提振後，首先出現在 CoinGape 上。