There will be changes related to how you use Staking and Rewards for Flare (FLR).
From December 16, 2024, FLR rewards will transition to being distributed exclusively through monthly airdrops.
Here’s what’s changing:
- •Airdrops only: FLR rewards will no longer be generated through traditional staking. Instead, rewards will be distributed as monthly airdrops at a currently estimated 30-40% APR.
- •No action required: Your staked FLR will automatically begin earning rewards via airdrops.
This change simplifies how you earn on FLR while ensuring access to competitive reward rates.
Additionally, FLR will no longer be eligible for Rewards. However, you can still earn on your FLR holdings through monthly airdrops with Flexible Staking.
Here’s what you need to know:
- •Rewards for FLR are ending: Your current Earn setup for FLR will automatically deactivate.
- •Airdrops available via Flexible Staking: To continue earning rewards, stake your FLR on Kraken Pro and receive monthly airdrops. Airdrop rates are currently estimated at 30-40% APR.
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