Flare (FLR) is listed for spot trading with high lipids enabled via Layerzero’s Omnichan Fungible Token (OFT) standard, following a report shared with Finbold on September 17th.
The integration allows users to deposit FLRs through Stargate and trade directly in decentralized exchanges with the aim of simplifying access and improving efficiency.
A more efficient and simpler trading experience
Unlike wrapped assets, Hyperliquid has listed native FLRs, unwrapped for sediment and withdrawals, removing the need to reduce transaction complexity.
After FLARE secures the FLR ticker, the list is enabled without permission and bridging is facilitated via Layerzero, linking the FLR to Hyperliquid’s HypereVM, then to Hypercore’s Hip-1 assets for spot trading.
Hyperliquid’s on-chain order book is designed to provide traders with tough spreads, strong liquidity and implicit cost savings.
“The surge in high lipid trading volumes over the past few months has led to a compelling FLR token prioritization exchange list.” said Hugo Philion, CEO and co-founder of Flare. “By leveraging Layerzero’s native OFT standard and Hyperliquid’s distributed list flow, users now have access to bridge-in, trade and bridge-out experiences without FLR permission.”
How does it work?
FLR is deployed as a HIP-1 asset on HyperCore, and the FLR/USDC market is registered. As high lipids expand, the market is expected to move and include additional silly pairs such as USDT0 and USDH.
Users can deposit FLR via Stargate, place orders in Hyperliquid’s on-chain order book, and pull back to the Flare Mainnet at any time.
“OFT standards are turning FLR into a top-class omnichine asset.” said Filip Koprivec, Flare’s Chief Product Officer. “Combining that with Hyperliquid’s on-chain market structure gives you the speed, transparency and powerful price discovery of everyday traders. Using Layer Zero, the default bridging solution over flare networks allows us to stay true to our ESS while enabling a seamless user experience.
Funds and settlement options
Funding accounts can be done using USDT0 or FLR bridged from Flare. The assets are transferred to Hypercore or Hypereb through Stargate before being returned to the trade or Flare Mainnet.
When you bridge it, users regain access to staking, delegation, and flaredrops. Additionally, assets can move across high lipids and can be withdrawn at any time.
Special images via ShutterStock.
