THELOGICALINDIAN - XLM will be added to Flares EVMcompatible acute affairs belvedere
Flare Networks has appear that it will accommodate Stellar Lumens (XLM) with its acute arrangement platform, thereby alms affinity with the Ethereum blockchain.
Flare Will Link XLM and ETH
Flare’s accommodation to accommodate Stellar Lumens agency that users will be able to actualize XLM-backed tokens and use those tokens with Ethereum-based DeFi projects like Uniswap. This will be accomplished through Flare Networks’ F-Asset protocol, which allows investors to transform cryptocurrencies into arch tokens.
While Arch already supports built-in acute contracts, its own affairs are not accordant with the Ethereum Virtual Machine (EVM). Flare’s access will affected that restriction.
Other Flare Efforts
Flare Networks has ahead appear affiliation with XRP (XRP), Litecoin (LTC), and Dogecoin (DOGE). Flare says that by onboarding assorted assets, it aims to accomplish decentralization. It additionally aims to abstain maximalism, the benign of assertive bill over others.
The aggregation has not antiseptic whether it will conduct an airdrop for XLM, LTC, and DOGE holders, as it has done for XRP.
Flare Networks is still in the testnet phase; the project’s mainnet is accepted to go alive by the end of Q2 2024.
Disclosure: The columnist did not authority crypto mentioned in this commodity at the time of press.
