Thread by @CommunityFlare

#Songbird, even though relatively young, is already an extremely impressive network.

But what you are currently seeing is just a small fraction of its true potential, what's coming will blow your mind!

🧵[THREAD]

The party really starts when @FlareNetworks unleashes the power of the State Connector, followed by the F-Asset system!

"The State Connector enables proving any real-world event to any contract on #Songbird / Flare!"

docs.flare.network/en/state-conne…

Due in Q1, the State Connector has many use cases. The one which stands out most to me is the ability to gather transaction data from any blockchain.

This will pave the way for the F-Asset system, a protocol which will revolutionize the blockchain space.

https://twitter.com/FlareNetworks/status/1475461005379575808

The F-Asset system is going to allow integrated assets to be effectively brought over to the #Songbird / Flare Network in a trustless manner.

This enables a common platform to utilize multiple native assets on a single decentralised network!

$XRP $LTC $DOGE $XLM $ALGO

What makes this so special, is that decentralized applications (dApps) running on the network can aggregate liquidity from various chains.

For example, that may be a DEX trading F-Assets in combination with $SGB / $FLR and all other tokens issued on the network.

It may be a #DeFi platform allowing users to begin earning a yield on assets which currently lack smart contract functionality!

It may even be a #NFT marketplace which you can use (for example) $XRP to buy #NFTs and later sell them for $ALGO.

The possibilities are endless with this level of interoperability!

With #Songbird's Total Locked Value (TLV) recently reaching $122M+ it has claimed 37th place in the network leaderboard!

A mean feat considering the network has been function for less than 20 weeks!

👉defillama.com/chain/Songbird

The TLV can be attributed to @FlareFinance's incredible suite of #DeFi products which is in the progress of expanding.

One product which I believe will be a catalyst for an increase of TLV on the network is Flare Wrap!

Couple this with the F-Asset system and you can see why the Songbird network has only just left the nest.

You can expect the Total Locked Value to increase on #Songbird as the network matures and begins to unlock it's true potential!

If you would like an overview of the #Songbird Network in under 5 minutes then be sure to watch this video and if you enjoyed this thread, please feel free to Retweet!