Flare Staked Ether
FLRETH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
FLRETH (Flare Staked Ether) is a Flare-native liquid staking receipt token representing bridged ETH staked via Dinero's pxETH/apxETH vault infrastructure using LayerZero GMP. Across all evaluation dimensions, the token maintains an unblemished operational record with zero security exploits, zero depegs, and no hostile regulatory or exchange actions. However, overall performance is weighed down by weak secondary metrics: active development on the token layer has remained stagnant since its late 2024 launch, community support is derivative of the broader Flare ecosystem with no independent engagement, and market adoption remains heavily constrained with modest TVL (~$2.35M FDV) and thin 24-hour trading volumes. In addition, reliance on external Dinero and LayerZero layers introduces counterparty risk in the absence of a FLRETH-specific smart contract audit. No red-flag events or data gaps were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Flare Staked Ether (FLRETH)
FLRETH (Flare Staked Ether) is a Flare-native liquid staking receipt token representing bridged ether (ETH). Launched in late October 2024, the asset was built by the Dinero team and is powered by Dinero's pxETH and apxETH vault infrastructure on Ethereum, utilizing LayerZero General Message Passing (GMP) for cross-chain connectivity. FLRETH functions as a yield-bearing index asset that accrues value against ETH through underlying staking rewards and MEV tips while remaining usable within the Flare Network decentralized finance environment.
The token has no fixed maximum supply, emissions schedule, or vesting timeline; its supply dynamically expands and contracts based on user deposits and redemptions. In addition to earning staking rewards, holders can deploy FLRETH in liquidity pools, such as those on SparkDEX V3. Independent community support and token-specific governance for FLRETH are minimal, as general ecosystem governance on Flare is conducted via WFLR and sFLR rather than liquid staking receipt tokens.
FLRETH maintains an unblemished operational record with no documented smart contract exploits, hacks, depegs, insolvencies, or regulatory enforcement actions. However, the token carries structural risks stemming from its reliance on external dependencies, specifically the Dinero staking protocol and LayerZero bridge infrastructure. Furthermore, there are no FLRETH-specific public audits available in retrieved records, active development has remained quiet since launch, and product-level management remains centralized among its operators alongside low trading liquidity and modest total value locked.