Flare onboards Northstake as a validator & data provider

Flare, the blockchain for data and EVM-compatible smart contracts platform, has onboarded Northstake, a regulated institutional staking provider, as a validator and data provider.

Northstake will now help secure the Flare Network by verifying transactions as well as support the blockchain network’s Flare Time Series Oracle (FTSO) as a data provider.

Enabling scalable, interoperable dApps

In an announcement shared with Invezz, Denmark-based Northstake said its data provision will contribute to applications on Flare accessing accurate and decentralised data feeds.

Commenting on their partnership with Flare, Northstake founder and CEO Jesper Johansen, said:

Northstake offers staking products that include single, multi-asset, thematic and yield-generating. Institutions can also access OTC and algorithmic trading services. The platform is regulated by the Danish Financial Supervisory Authority (DFSA).

According to details in Thursday’s news release, Flare currently has 91 network validators support its FTSO as data providers.

In addition to Northstake, Flare has also sealed partnerships with several other top infrastructure platforms. They include web3-native infrastructure provider Ankr, which announced a strategic partnership with Flare in July. The two platforms aimed at improving Flare’s remote procedure call (RPC) infrastructure for developers.

Other partners include Canada-based staking platform Figment, non-custodial staking and nodes provider Restake, and Luganodes.

Flare recently added FAssets, allowing non-smart contracts coins Bitcoin (BTC) XRP (XRP) and Dogecoin (DOGE) to be utilised trustlessly with smart contracts on the Flare network. Users can earn yield in DeFi dApps as well as bridge to other chains.