Question 1

What is Flare Network?

Accepted Answer

Flare is an EVM-compatible Layer 1 blockchain designed for decentralized data acquisition. It provides protocols like the FTSO (Flare Time Series Oracle) that deliver reliable price data on-chain. FLR is the native token used for gas, governance, and delegation. Flare enables smart contracts to securely access data from other blockchains and the internet.

Question 2

What is an FTSO data provider?

Accepted Answer

FTSO data providers like PriceKraken submit price feeds (e.g. FLR/USD, BTC/USD) to the Flare Network every ~90 seconds. Providers are rewarded for accurate submissions. Delegators who lend their vote power to a provider share in these rewards.

Question 3

What is delegation on Flare?

Accepted Answer

Delegation means lending your vote power (WFLR) to an FTSO data provider like PriceKraken. The provider uses your vote power to submit price data to the Flare Network. In return, you earn delegation rewards proportional to your vote power. Your WFLR never leaves your wallet — only the voting rights are delegated.

Question 4

Can I lose my tokens by delegating?

Accepted Answer

No. Delegation only lends your vote power — your WFLR never leaves your wallet. You can undelegate at any time. There is no slashing on Flare Network. The only cost is opportunity cost if you delegate to an underperforming provider.

Question 5

What is wrapping (FLR to WFLR)?

Accepted Answer

FLR is the native gas token of Flare Network. To delegate and earn FTSO rewards, you need WFLR (Wrapped FLR) — an ERC-20 version of FLR. Wrapping is a 1:1 conversion: 100 FLR = 100 WFLR. You can unwrap at any time. Always keep some FLR unwrapped for gas fees.

Question 6

How often are rewards distributed?

Accepted Answer

Delegation rewards are available after each reward epoch (~3.5 days / 84 hours). Staking rewards accumulate continuously. Rewards need to be claimed and stay valid for 3 months.

Question 7

What is an EOA?

Accepted Answer

EOA stands for Externally Owned Account — a regular wallet controlled by a private key (e.g. MetaMask, Ledger). This is your main wallet where your FLR and WFLR live. In contrast to a PDA (smart contract wallet), an EOA is directly controlled by you and can send transactions on the blockchain.

Question 8

What is a Personal Delegation Account (PDA)?

Accepted Answer

A PDA is a smart contract wallet created by the Flare Network's ClaimSetupManager. It holds your delegated WFLR separately from your main wallet, protecting it from phishing attacks and accidental transfers. Only the ClaimSetupManager can move funds — even if someone gets your private key, they cannot touch your PDA balance.

Question 9

How does the PriceKraken Claimbot work?

Accepted Answer

The Claimbot is an automated service that claims your rewards for you. You authorize it as a Claim Executor via the Flare ClaimSetupManager contract. It can only claim rewards — it cannot access, transfer, or delegate your tokens. You can revoke access at any time.

Question 10

What is VIP Delegator status?

Accepted Answer

VIP Delegators have delegated 100% of their WFLR to PriceKraken on their Main Wallet (EOA). If a PDA is active, it must also be 100% delegated. VIP status unlocks exclusive Loyalty Rewards — additional rewards on top of regular FTSO delegation rewards.

Question 11

Is the PriceKraken Portal safe?

Accepted Answer

Yes. The PriceKraken Portal is a non-custodial interface. We never have access to your private keys, seed phrases, or funds. All transactions require your explicit approval in your wallet (MetaMask, Bifrost, Ledger, etc.). The Portal only reads blockchain data and sends transactions that you sign.

Question 12

What is Flare P-Chain staking?

Accepted Answer

Flare has two separate reward mechanisms. FTSO delegation (C-chain) lends your vote power as WFLR to a data provider like PriceKraken. P-chain staking is validator staking: you lock native FLR on the Platform chain and delegate it to a block-producing validator, earning consensus rewards at 10-14% APY. Both can run in parallel with the same wallet.

Question 13

What are the minimum requirements to stake on Flare?

Accepted Answer

Staking as a delegator requires a minimum of 50,000 FLR. The minimum lock-up period is 14 days, the maximum is 365 days. Running your own validator requires 1,000,000 FLR.

Question 14

How do I move FLR from C-chain to P-chain for staking?

Accepted Answer

You need a two-step cross-chain transfer: 1) Export from C-chain — burns FLR on C-chain and produces a cross-chain UTXO. 2) Import on P-chain — consumes that UTXO and credits the FLR on P-chain. The easiest way is the official Flare Portal or Bifrost Wallet. Reserve about 2 FLR on C-chain for gas.

Question 15

Can I delegate FTSO and stake on P-chain at the same time?

Accepted Answer

Yes — the two mechanisms use completely separate balances: WFLR on C-chain for FTSO delegation, native FLR on P-chain for validator staking. You can run both on the same wallet and collect both reward streams independently.

General FAQ

Flare Network Basics

Delegation & Wrapping

Rewards

Staking (P-Chain)

Personal Delegation Account (PDA)

Claimbot

VIP Delegator Status

Security & General