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Flare ☀️
@FlareNetworks
Put your XRP to work in DEFI ON FLARE: Non-custodial, secure, on-chain.
Joined February 2019
711 Following    343.8K Followers
Flare Confidential Compute runs the work institutional finance cannot run in public, and returns a result the next contract can verify. Inputs stay confidential. The result comes back signed, and other contracts check it before anything settles. Live on Songbird with @Hex_Trust's USDX proof of reserves. @defillama_res covers FCC in their full report:
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Proof of reserves usually reaches the market as a periodic attestation from an accounting firm, a document no smart contract can read or act on. Confidential Compute on @FlareNetworks turns that check into something contracts can verify, and the trust comes from four layers around the hardware: → Flare's data providers must approve each request before the secure hardware runs it → Only approved code can run, and each version's fingerprint is recorded onchain → The hardware proves it's running that approved code → Contracts verify the signed result before any app can use it The providers approving requests also run Flare's price feeds and cross-chain proofs, backed by roughly 47B FLR staked or delegated, about half of circulating supply. That shared setup lets Flare's tools work together: a lending market could price collateral and check a borrower's private financials on Flare, or a fund could publish a verifiable NAV without revealing its holdings. Our report is clear on the limits: Confidential Compute proves the check ran correctly, but the data still comes from the institution providing it, and for now the hardware runs on Google Cloud, operated by the Flare Foundation. What comes next? Opening it to outside builders, with its fees already designed into Flare's protocol revenue pool.
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