Frequently Asked Questions
Everything you need to know about Flare Network, FTSO delegation, rewards, and the PriceKraken Portal. Can't find your answer? Contact us.
Flare Network Basics
What is Flare Network?
Flare is an EVM-compatible Layer 1 blockchain designed for decentralized data acquisition. It provides protocols like the FTSO (Flare Time Series Oracle) that deliver reliable price data on-chain. FLR is the native token used for gas, governance, and delegation. Flare enables smart contracts to securely access data from other blockchains and the internet.
What is FLR?
FLR is the native token of the Flare Network. It is used to pay gas fees for transactions, participate in governance votes, and can be wrapped into WFLR to delegate vote power to FTSO data providers and earn rewards. FLR trades on major exchanges including Coinbase, Kraken, and Binance.
What is the FTSO (Flare Time Series Oracle)?
The FTSO is Flare's native decentralized oracle system. It collects price data (e.g. FLR/USD, BTC/USD, ETH/USD) from independent data providers who submit prices every ~90 seconds. The network calculates a weighted median price — providers whose submissions are closest to the median earn rewards, which are shared with their delegators.
What is an FTSO data provider?
FTSO data providers like PriceKraken run algorithms that collect prices from exchanges worldwide and submit them to the Flare Network every ~90 seconds. Providers are rewarded for accuracy — submissions within the interquartile range of all submissions earn rewards. Delegators who lend their vote power to a provider share in these rewards proportionally.
What is Songbird?
Songbird (SGB) is Flare's canary network — a live testing environment where new features are deployed before reaching the Flare mainnet. It has its own token (SGB) and its own FTSO system. PriceKraken operates on both Songbird and Flare.
Delegation & Wrapping
What is delegation?
Delegation means lending your vote power (WFLR) to an FTSO data provider like PriceKraken. The provider uses your vote power to submit price data to the Flare Network. In return, you earn delegation rewards proportional to your vote power. Your WFLR never leaves your wallet — only the voting rights are delegated.
What is wrapping (FLR → WFLR)?
FLR is the native gas token of Flare Network. To delegate and earn FTSO rewards, you need WFLR (Wrapped FLR) — an ERC-20 version of FLR. Wrapping is a 1:1 conversion: 100 FLR = 100 WFLR. You can unwrap at any time. Always keep some FLR unwrapped for gas fees (at least 5 FLR recommended).
What is vote power?
Vote power is the amount of WFLR you have delegated to a provider. It determines your share of the rewards. Vote power is snapshotted at a specific block each reward epoch — this is called the vote power block. You need to have your WFLR wrapped and delegated before this snapshot.
Can I lose my tokens by delegating?
No. Delegation only lends your vote power — your WFLR never leaves your wallet. You can undelegate at any time. There is no slashing on Flare Network. The only cost is opportunity cost if you delegate to an underperforming provider.
Can I delegate to multiple providers?
Yes. On Flare you can delegate to up to 2 providers from a single address, splitting your vote power by percentage (e.g. 60% PriceKraken + 40% another provider). However, VIP status with PriceKraken requires 100% delegation to PriceKraken.
What happens if I undelegate?
You stop earning delegation rewards from that provider immediately (effective from the next vote power snapshot). Your WFLR stays in your wallet — nothing is locked. You can re-delegate at any time. If you had VIP status, you lose it until you delegate 100% again.
What does "overdelegated" mean?
Each FTSO provider has an optimal delegation cap. When a provider receives more delegation than optimal, they become overdelegated — the reward pool stays the same but is split among more delegators, resulting in a lower reward rate per WFLR. Always check a provider's delegation status before committing.
Rewards
What types of rewards are there?
Three types: 1) Delegation Rewards — earned from FTSO vote power delegation, distributed each reward epoch (~3.5 days). 2) Staking Rewards — earned from P-Chain validator staking, distributed every 2 weeks. 3) Loyalty Rewards — exclusive to VIP Delegators, distributed by PriceKraken's custom smart contract.
How often are rewards distributed?
Delegation rewards are available after each reward epoch (~3.5 days / 84 hours). Staking rewards are distributed every 2 weeks. All rewards need to be claimed within 3 months — unclaimed rewards expire.
How much will I earn?
Your reward depends on: the hit rate of your FTSO provider (how often their prices land within the median), the total delegation to that provider (more delegation = lower individual rate), and the provider's fee percentage. Make sure not to delegate to an overdelegated provider.
What are Loyalty Rewards?
Loyalty Rewards are exclusive to VIP Delegators. PriceKraken distributes additional FLR rewards via a custom smart contract based on your vote power and delegation history. Rewards are calculated as: votePower × APY × epochDuration. Each reward epoch has its own claim window. You can claim as FLR or wrap directly to WFLR.
What fees does PriceKraken charge?
PriceKraken charges a delegation fee (a percentage of your FTSO rewards, set on-chain and visible in the Portal). The Claimbot has separate per-claim fees: Tentacle at 0.5 FLR/claim, Kraken at 5 FLR/claim. Loyalty Rewards have no additional fees.
Personal Delegation Account (PDA)
What is a PDA?
A PDA (Personal Delegation Account) is a smart contract wallet created by the Flare Network's ClaimSetupManager. It holds your delegated WFLR separately from your main wallet, protecting it from phishing attacks and accidental transfers. Only the ClaimSetupManager can move funds — even if someone gets your private key, they cannot touch your PDA balance.
Do I need a PDA?
A PDA is optional but recommended. It adds a layer of protection for your delegated WFLR. You can be a VIP Delegator without a PDA (just delegate 100% from your main wallet). But if you activate a PDA, it must also be 100% delegated to PriceKraken for VIP status.
What happens if I disable my PDA?
All WFLR in your PDA is automatically transferred back to your main wallet. The PDA contract is deactivated (but not deleted — you can re-enable it later). Your delegation is removed since the WFLR moves. You may lose VIP status if the PDA was part of your delegation setup.
How do I send WFLR to my PDA?
In the PriceKraken Portal, go to Portfolio → Transfers. Select the Wallet → PDA direction, enter the amount, and confirm. Your wallet may show a warning about sending to a contract address — this is normal and safe for PDAs.
Claimbot
How does the Claimbot work?
The Claimbot is an automated service that claims your rewards for you. You authorize it as a Claim Executor via the Flare ClaimSetupManager contract. It can only claim rewards — it cannot access, transfer, or delegate your tokens. You can revoke access at any time.
What is the difference between Tentacle and Kraken?
Tentacle (0.5 FLR/claim): Claims PriceKraken delegation rewards only, standard gas, regular queue. Your PDA is always delegated 100% to PriceKraken — required for the bot to claim. Kraken (5 FLR/claim): Claims all delegation rewards from every provider, plus staking rewards, with priority gas for fastest inclusion. Kraken also lets you choose a custom claim recipient.
Is the Claimbot safe?
Yes. The Claimbot uses the official Flare ClaimSetupManager contract — a standard protocol feature. It can only claim rewards to your pre-registered recipient addresses. It cannot move, delegate, or spend your tokens. The executor role is strictly limited by Flare's smart contract design.
Can Claimbot fees change?
Yes. Claimbot fees are set on-chain and may be adjusted. The current fee is always displayed in the Portal before you authorize. If you disagree with a fee change, you can deactivate the Claimbot for free at any time.
Does the Claimbot delegate my main wallet?
No. The Claimbot only delegates your PDA, never your main wallet. Your EOA delegation stays exactly as you set it — you can delegate to any providers you like.
VIP Delegator Status
What is VIP Delegator status?
VIP Delegators have delegated 100% of their WFLR to PriceKraken on their Main Wallet (EOA). If a PDA is active, it must also be 100% delegated. VIP status unlocks exclusive Loyalty Rewards — additional rewards on top of regular FTSO delegation rewards.
How do I become a VIP Delegator?
Open the PriceKraken Portal, click your status badge or the "Become VIP" button. A guided onboarding walks you through: activate PDA, delegate Main Wallet 100%, delegate PDA 100%. Each step is live-checked — already completed steps are skipped.
Can I be VIP without a PDA?
Yes. If you don't have an active PDA, you only need your Main Wallet delegated 100% to PriceKraken. The PDA is optional — but if you activate one, it must also be 100% PK for VIP status.
Security & General
Is my wallet safe when using the Portal?
Yes. The PriceKraken Portal is a non-custodial interface. We never have access to your private keys, seed phrases, or funds. All transactions require your explicit approval in your wallet (MetaMask, Bifrost, Ledger, etc.). The Portal only reads blockchain data and sends transactions that you sign.
Which wallets are supported?
The Portal supports MetaMask, Bifrost Wallet, Rabby, and any EVM-compatible browser wallet. You can also connect via WalletConnect (QR code for mobile wallets) or Ledger USB (direct WebHID connection). On mobile, use your wallet's built-in browser for the best experience.
Where can I delegate to PriceKraken?
Use the PriceKraken Portal to delegate, manage your PDA, claim rewards, and set up the Claimbot — all in one place. Alternatively, you can delegate via Flare's official portal.flare.network.
Ready to start earning rewards?
Open the PriceKraken Portal