Flare is its own Layer 1 it’s NOT built on any other network . It adds utility (defi, nft’s, dapps) to non-turing complete coins starting with Doge, XLM, XRP, LTC. These large market cap/large community tokens will be usable for much more than today.
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Flare Finance is bringing DeFi to XRP, LTC, DOGE, and Spark tokens which will unlock value of these cryptocurrencies. From being held in the wallet, users will now be able to securely stake or provide liquidity to make a passive earning.
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