Flare Tutorial – Getting Started, Bifrost Navigation, Wrap and Delegate FLR

SUMMARY

This livestream covers:
- Teaching beginners the basics of the Flare Network.
- Showing how to use the Bifrost wallet step-by-step.
- Highlighting important updates about Flare, XRP, and the ecosystem.
- Ensuring the community knows how to move quickly when “gains come.”

PART I — MAJOR FLARE & XRP NEWS

New Flare Spot ETF Filed (Major Development)

On October 31, Turrium/Torium Trading LLC filed the first Flare Spot ETF with the SEC.
If it is approved (possibly January):
- It will remove large amounts of FLR from exchanges.
- ETFs must buy and hold billions of tokens → supply shock.
- Only 20–30% of FLR is currently liquid; most is locked.
Comparisons:
- Like Bitcoin’s ETF, which depleted exchange reserves by 15–20%.
Main point: This could create huge demand while supply drops.

David Schwartz’s Post About XRP

He emphasized that XRP is the only major crypto that cannot be clawed back by the government.
Meaning:
- It cannot be frozen, seized, reversed, or rolled back.
- This makes it unique for future-proof, uncensorable financial systems.
Combined with Flare’s permissionless network, XRP’s role becomes even stronger.

PART II — WHAT FLARE (FLR) ACTUALLY DOES

4. FLR Token Basics

FLR is the gas token for the entire Flare Network.
You need FLR for:
- Every transaction
- Smart contract
- Bridges
- Wrapping
- Delegating
- Minting F-assets
- Anything involving the network
FLR is inflationary at ~5%/year, but network burns offset some of this.

Wrapping & Delegating FLR

When you:

Wrap FLR
Delegate your vote power
You earn:

FLR rewards every 3.5 days
Monthly FlareDrops (36 total; 4 remaining)

⚠️ IMPORTANT

Do not wrap all your FLR.
You must always leave some unwrapped for transaction fees.

PART III — FLAREDROPS

Remaining FlareDrops

There were 36 total FlareDrops.
Four drops remain:

Nov 1
Dec 1
Dec 31
Jan 30

Each drop distributes 676 million FLR to holders of wrapped FLR.

Your reward = Your % of all wrapped FLR in existence.

PART IV — FLARE RICH LIST & SUPPLY INSIGHTS

FLR Rich List Overview

She showed the ownership tiers:

Blue whales: 100M+
Orcas: 50M–100M
Sailfish: 500K–1M (the “minimum target” she suggests if gains allow)

Why this matters:

Your ability to use the network at scale depends on how much FLR you hold.
Institutions may lock up huge amounts once the ETF launches.

Where to Buy FLR

Top exchanges holding the most FLR:

MEXC
Gate.io
Coinbase
Kraken
KuCoin
Uphold
Bitrue
BingX

Snapshotted so viewers know where liquid supply exists.

PART V — BIFROST WALLET TUTORIAL (Step-by-Step)

She walked through the exact screens (with images) and explained how to:

Setting Up the Wallet

Download Bifrost Wallet from your phone’s App Store.
This is the easiest wallet to teach from.

Receiving Tokens

Inside the wallet:

Tap the blue arrow
Tap Receive
Select FLR or XRP
Copy address
Send from exchange into your wallet

Crypto 101 but she spelled it out for beginners.

Wrapping FLR

Inside FLR’s menu:

Tap the three blue dots
Choose Wrap
Select amount (but leave some unwrapped for gas)
Sign the transaction with FLR

Once wrapped, you can delegate.

Delegating FLR Vote Power

Every FLR token has a detachable vote.

You can:

Choose one provider with 100%
Or split 50/50 between two providers

Examples:

Price Kraken
AU
Bifrost

You earn rewards based on how well those data providers bring accurate price feeds to Flare.

You can also enable Auto-Claim, which:

Automatically claims rewards every 3.5 days
Costs a tiny FLR fee
Saves you the trouble of manually claiming

PART VI — BOOKMARKS INSIDE THE WALLET

Use the “4 Squares” to Save Important Pages

You can bookmark:

F-Asset Minting page
Kinetic
Nosis Loans
More Markets
BlazeSwap
SparkDex
(soon) Firefly/Firelight

This ensures you:

Always have correct URLs
Never risk phishing
Can access protocols instantly
Don’t waste time when markets move fast

PART VII — F-ASSETS (FXRP, etc.)

How to Mint FXRP

She demonstrated live:

Connect wallet via WalletConnect
Choose Mint
One “lot” = 10 XRP
Confirm with FLR gas fee
XRP gets locked on XRPL
FXRP is minted on Flare

She also showed:

How to redeem back to XRP
How to add FLR to the F-Asset collateral pools

PART VIII — USING THE F-ASSET COLLATERAL POOLS

Earning From Pools

Example:

Add FLR to the FXRP collateral pool
Earn daily XRP rewards (her words)
Pool shares may also receive delegation rewards & f-drops (to be confirmed)

She believes institutions will leverage these pools heavily because they earn XRP—considered very valuable long-term.

PART IX — FINAL GUIDANCE & PREPARATION

What You Should Do Now (Her Checklist)

Set up your wallet
Buy some FLR & XRP
Transfer them into the wallet
Wrap & delegate FLR
Leave some FLR unwrapped for gas
Learn how to mint small amounts of FXRP (practice)
Bookmark all key protocols
Start experimenting with pools, delegation, and wrapping
Stay aware of ETF developments (January)

Warnings

Never wrap all your FLR (you’ll get stuck with no gas).
Always disconnect your wallet after connecting to apps.
Never click random links—always bookmark inside your wallet.

PART X — PERSONAL NOTE

She apologized for technical issues (first solo livestream).
Explained she fell behind this year due to her father’s Alzheimer’s and passing.
She intends to do more livestreams to speed up learning for everyone.

IN SUMMARY — The 12 Core Takeaways

Flare Spot ETF filed → possible January approval → major supply shock.
Only 20–30% of FLR is liquid; ETFs will lock up billions.
XRP is the only asset that cannot be clawed back.
FLR is essential gas for all activity on Flare.
Wrapping & delegating FLR earns recurring rewards.
4 FlareDrops remain and are sizeable.
Wallet setup + wrapping + delegating is essential preparation.
Bookmarking protocols inside Bifrost protects you from phishing.
Minting FXRP is easy; redeeming is instant.
Pools allow you to earn XRP daily using your FLR.
You must always keep some FLR unwrapped for gas.
The ecosystem is expanding rapidly — get familiar with it before volatility hits.

Original Video: Flare Network | Getting Started | Bifrost Navigation | Wrap and Delegate FLR

Pothetic Highlghts