Maximize Your Rewards with Flare Dienst
A thrustworthy infrastructure providing a validator, FTSO v2 and FDC on both Songbird and Flare. Delegate or stake your SGB or FLR and earn rewards with Flare portal or Bifrost Wallet.
Cloud hosted services
Flare Dienst runs all its own nodes, backup nodes and validator in the cloud to ensure our data provider service has the highest level of availability.
Trusted data sources
We are committed to sourcing data only from the most reliable exchanges. Each source has been extensively verified and validated before use.
Proprietary algorithm
We developed our own algorithm in-house, free from third party involvement. Our algorithm is designed to provide accurate prices while maintaining appropriate safeguards.
Our story
Our team at Flare Dienst consists of two members. We have a founder with a background in IT, specializing in data analysis, cloud infrastructure and who has been a blockchain and crypto enthusiast for many years. Our team was later joined by an electrical engineer with experience in network engineering and server building.
We started submitting to Songbird in January 2022 and to Flare in July 2022, achieving an uptime of over 99%. Ever since, our goal has been to provide infrastructural services to Songbird and Flare networks, including a data provider (FTSO v2), validator node and attestation provider (FDC).
Some questions answered
Is there a risk in delegating to your data provider?
Delegating to Flare Dienst is entirely risk-free, as your tokens always remain in your wallet. The only potential risk is if our provider underperforms, resulting in a lower reward rate. However, we're proud to report that we've been a consistently strong performer over the last year on both Songbird and Flare.
Do you run your own nodes and infrastructure?
We take the security and control of our infrastructure very seriously, which is why we run our own nodes and other services in the cloud. We're currently utilizing our private cloud to host some backup services, and we're exploring ways to run more backup services on our private cloud. By doing so, we can increase decentralization and ensure better security, while maintaining more control over our infrastructure.
What does that mean that you verify your data sources?
When evaluating new exchanges or data, we conduct checks, such as ensuring it has sufficient liquidity, no suspicious volume spikes, and no other signs of questionable activity. Additionally, we thoroughly evaluate the data for consistency, ensuring it's in line with other trusted sources. If we don't feel confident, we don't use it.
What kind of safeguards have you implemented?
We have implemented a number of safeguards to ensure the reliability and uptime of our data provider.
- High availability: most of our services are replicated and spread across multiple clouds, so if an issue arises, we can ensure each service can still run. Additionally, we've implemented an extensive monitoring and alerting system that notifies us immediately in case anything goes wrong.
- Data redundancy: we only collect data from trusted exchanges, whilst ensuring redundancy for each pair. If one exchange goes down, we can still provide data from other exchanges while filtering out any bad data. If the algorithm can't reach consensus during an epoch it won't send anything.
- Algorithm safeguards: we use a variety of safeguards in our algorithms, including filtering stablecoins that depeg beyond a certain threshold. You can verify this by checking our submission during the FTX depeg (around 11th of November 2022) and USDC depeg (around 12th of March 2023).
What more can you tell about your algorithm?
Our algorithm is proprietary and has been in development for over a year. Due to the competitive nature, we can't go into specifics. However, we try to stay as true to the data as possible whilst remaining competitive.