Sceptre, a novel liquid staking protocol designed for the Flare blockchain, known as the 'blockchain of data,' has been unveiled in a private beta phase. This innovative protocol, developed by Rome Blockchain Labs (RBL), aims to optimize FLR yield for users. By leveraging Sceptre, individuals can utilize their tokens in DeFi protocols while still benefiting from native Flare rewards and monthly FlareDrops.

RBL, the brains behind the Sceptre protocol, is also in the process of creating the Kinetic lending and borrowing platform. These two protocols are set to work synergistically to enhance the functionality of the FLR token ecosystem.

The Flare blockchain, focusing on data management, offers three primary native reward mechanisms:

• Staking to infrastructure providers for network consensus and security support
• Delegating to the Flare Time Series Oracle to facilitate decentralized data delivery
• Receiving monthly FlareDrops as a reward for network participation.

Hugo Philion, a co-founder of Flare, expressed his enthusiasm for Sceptre's contribution to the Flare ecosystem. Philion emphasized the community-centric nature of Flare's tokenomics, highlighting the substantial share of tokens allocated to users. With the introduction of Sceptre and liquid staking, developers can capitalize on this favorable environment, ensuring prospective users of their decentralized applications retain access to native rewards.

Liquid staking introduces a mechanism where holders can participate in reward accrual while simultaneously utilizing the liquid staked variant, sFLR, to generate additional yield in alternative protocols. This strategy bolsters the functional liquidity of the FLR token, making it more appealing for developers.

Users engage with Sceptre by staking their FLR tokens and receiving sFLR in exchange. The sFLR continues to accumulate Flare native rewards while offering complete liquidity. Upon unstaking from the platform, users retrieve their initial stake alongside rewards and FlareDrops, minus a protocol fee.

Initially, Sceptre will facilitate the utilization of sFLR in lending protocols and decentralized exchange (DEX) liquidity pools. Rome Blockchain Labs has hinted at forthcoming use cases in the pipeline.

Alexander Elhorst, the Chief Operating Officer (COO) of Sceptre, heralded the commencement of Sceptre's private beta phase. Elhorst emphasized the potential of liquid staking to expedite the growth of Flare's DeFi ecosystem. The team envisions a promising trajectory for the blockchain and is committed to aiding its development. Sceptre is proud to be the pioneering liquid staking protocol on the network and anticipates collaborating with other ecosystem projects to incorporate sFLR.