Getting Started With Flare: Walkthrough of the Flare Dashboard! Part 1

potential for some passive income, a lot of yield products, a lot of things going on in its ecosystem. I am honored to do this little series with a good friend of mine in the channel, Blues Guy is what we call him, and he has sent some videos over. He's been deep diving, and this is his passion. So, I really wanted to incorporate him. Smash that like button, subscribe to the channel if you love crypto, if you love earning passive income through yield and staking, and there's many other things to explore. So, we're setting the foundation with the Flare dashboard in the beginning of the Flare ecosystem here, showing you what's possible before we get deep into the other things in the Flare ecosystem. All right, here's Blues Guy. All right, thank you, Eugi. Thank you. Thank you. Welcome everybody.

Thank you for joining the stream and thank you for allowing me a bit of time to talk to you about my favorite crypto ever, Flare, Flare Asset, Flare Network, FXRP, and all the associate and all the businesses all around this beautiful ecosystem. So, let's get right into it. In order to utilize Flare Network, well, what you got to do is you got to own Flare token first. And you could buy Flare token on mainly every single exchanges. I bought mine on Mexi and then you could actually transfer your FXR, I'm sorry, your Flare into your uh Flare network account because you need that to enable to uh able to work on to this beautiful platform. So for you uh in order to transfer that you need to have a wallet and let me show you here wallet you need

to have either MetaMask or I use MetaMask. So basically that's what you do. Uh you connect your wallet uh then you'll be able to from [snorts] let's say for example for the sake of this video you connect your MetaMask. I do know that Melissa uses uh bit uh bitrost which she says it's really good. Uh I use Metam mask because for me that's how I learn it. So you connect with wallet with MetaMask then you send your Flare onto Minamask and then you send your Flare from your Metam mask into the Flare network. So now let's say we have Flare token on the platform here. So what you want to do is you want to go to pools and you're going to see uh many things here happening. But first of all, I'm sorry I got to go to

mint. That's the page. Once you deposit your Flare onto the account, let's say here for the sake of this video, we have 5,223 Flare, right? So now I have access to the Flare ecosystem. What is the Flare ecosystem? Well, the platform here give you the opportunity just by owning and uh uh keeping your Flare token onto the platform yield on it. So you can gain money just by having your Flare on their platform. How do you do that? Not by having it here, but you got to go and add it to the liquidity pool. You want to know what is the liquidity pool and what are the collateral pools. You see right here a brief little icon here says what are the collateral pools and you got a lot to read and I read it all and I'm not

going to go there today. Much love to you guys and gratitude. Remember this channel is about sharing knowledge deep dive with underground crypto and IQ moment every single time because everybody that are in the community actually are a big part of it because we bring all our knowledge together here. So my knowledge right now is flare network and I'm trying to bring it to you because it's a baby in the making. It's a monster in the making. Now, once you have your flare, now you're going to go in the bottom here and you're going to have the choices of five different uh liquidity pool provider. I've tried them all and it's very simple to use. You see here, deposit and withdraw. When you deposit them, your F asset, I'm sorry, your Flare uh token are locked into the liquidity

pool until you get them out. And the way to do it is very simple. Let's say, for example, I want to deposit my 5,000 token. You go to deposit and you put your 5,000 token and then you go to next. Once you click next, it's going to take you to another page where you're going to have to approve it onto your MetaMask. Once it approved onto your MetaMask, it's going to take you back to the page here and it's going to ask you to approve it onto your flare. So, you got two layers of security. Once it's approved, those will appear right here at your position. So for the sake of this video, I stake this amount here in a few days and it gives me this amount of yield. Okay. So if you go to claim and you

can claim as well if you go to withdraw you could claim and the click of a button and once again it'll ask you the double layer of security protection. All right. Now let's go back to home because at home this is where you have your uh F asset position. Okay. And you can go to view pools to show you what you got into your flare position. Now, we did the flare. So, let's recap. You got in, you bought your flare, you put your flare into the system here into the ecosystem. You add it to the liquidity pool. You're locked in. Now, you're making money on to and you're gaining flare and FXRP. Now, you want more of it. So, you can connect your XRP address. Now you can use many different addresses you want to know. You just go

here and then you'll be able to find a list. I know that people use Bitfrost. I use uh Zoom which is Zamin wallet but you have a list of all the wallet here that are available. Now once you have your wallet available, you manage connection. It's going to ask you to connect. You connect your wallet. I had previously connect my wallet and I had 31 XRP. Let's say you have 31 XRP right here. Now, what you want to do is you want to mint them. You want to generate some money. So, what you're doing is you're actually going to go at mint right here. Now, I not connected, but you go to mint. It's going to pop up the page. It's going to ask you how many XRP minting is in lot. It work with lot of 10. So,

you can mint only 10 at the time. Uh there's not like two or three. So by doing that, let's say we did that and now we have our 31 XRP FXRP which is the equivalent of same price as XRP. Now we're generating some money as well right here. Okay. Now you have 31 FXRP and I've generated some money here. $243 which is 1.07 FXRP. That's just good. 31 XRP. 31 FXRP minted. Not staked is different. Minted. I gain $243. One XRP. FXRP. Guys, this is huge. If you have a bag of few thousands, look, that amount will get bigger and bigger solely by having your XRP minted on the Flare network. Isn't that great? That's huge, guys. And Flare is only at a penny. Don't sleep on Flare Network, guys, because it's amazing. So, that's what Flare Network, guys.

I hope you like it. Next video will be on Firelight. You want to know what's available? Oh, boy. Look at the bottom of the page right here. Fireite for reststaking for staking Spartex my beautiful baby. It's a deck where you have access swapping minting uh staking their their token their token uh farm and the liquidity pool and perpetual is amazing. Enosis and Blaze swap is the same as Sparkex but a little smaller. And you have kinetic where you can borrow and lending and you also have upship which is brand new which I played in the last few days and that's what's coming next. Thank you for joining in. Much love and gratitude. Remember, this channel is about raising your IQ, crypto, having fun, sharing love, gratitude, and always have a bit of healthy habit every single day. Eugi underground

and everybody's watching. Shout out to Melissa, shout out to Cam, shout out to Bankroll, shout out to everybody here. Much love and stay high. Stay high vibe and ride those waves, baby crypto. Woohoo. Much love. Bye-bye.