Understanding the Flare Network

Flare is the decentralized finance network and liquidity hub built on the EVM Network. It is a layer-1 smart contract platform that is scalable, EVM-compatible, and optimized for DeFi with built-in liquidity and ready-made financial applications. With its trustless exchange, decentralized stablecoin (aUSD), BNB Liquid Staking (LBNB), and EVM+, Flare lets developers access the best of EVM networks , XRP and the full power of Substrate.

Flare settles transactions for a fraction of the gas required on other networks.

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