Today, we’re thrilled to be launching support for Songbird. Fireblocks users can now store and transfer the native token, SGB, on this network.
Songbird is an exciting new Canary Network – namely, a blockchain with a scarce token supply, built to test features on a related mainnet – for the Layer 1 protocol, Flare. Together, Flare and Songbird aim to unlock the ability to use smart contracts with popular and highly secure blockchains like Ripple (XRP), Dogecoin (DOGE), and Bitcoin (BTC).
Fireblocks currently supports more than 900 tokens and 28 protocols, and we’re continuously adding new integrations. Check the full list of tokens available on the Fireblocks platform here.
Institutional SGB access is now available with Fireblocks
Effective immediately, Fireblocks users can now:
- Store SGB in their Fireblocks Vault
- Transfer SGB on the Fireblocks Network
- Launch SGB token support for retail customers and users with Fireblocks’ REST API
About Songbird (SGB)
Flare is a new Layer 1 protocol built to bring smart contracts to the 65% of blockchains that don’t have them out of the box. By unlocking smart contracts for blockchains like Bitcoin, Flare aims to expand DeFi to a much wider community of crypto users, helping to grow adoption and liquidity.
Songbird is the new Canary Network for Flare. With a limited token supply (airdropped to eligible holders of Ripple’s XRP in July), Flare sees Songbird as having two distinct phases.
First, prior to the official launch of Flare, Songbird will be instrumental in the continued testing of the Flare Time Series Oracle, the StateConnector and F-Asset systems, and the network architecture. The FTSO and F-Asset protocols will be live on Songbird with F-Assets generated from the underlying tokens. This will improve security, stability, and credibility for the ultimate launch of Flare.
Next, once Flare is launched, Songbird is intended to serve as a long-term network for testing governance-led changes to Flare, such as the incorporation of new F-Assets, changes to the FTSO, F-Asset systems, or any other network change.
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