Validators process transactions and earn fees; FLR holders wrap to WFLR and delegate to FTSO data providers (or stake to validators) to earn rewards, while Flare's enshrined oracles supply data to applications.

Flare is an EVM-compatible layer-1 blockchain with enshrined data protocols — the Flare Time Series Oracle (FTSO) for decentralized price and data feeds, and the Flare Data Connector (FDC) for external and cross-chain data. Flare launched its mainnet in 2022; its native token is FLR.

Flare is built by the Flare Foundation and Flare Labs, co-founded by Hugo Philion and Sean Rowan. The native token FLR is community-held and used for governance, delegation to data providers, and securing the network.

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