Reading time: ~2 m
A failure in the Flare Network was discovered in the FTSO Reward Manager contract, as a result of which it was deactivated and replaced with a new one. While this cannot be considered an attack, the bug made all unclaimed rewards from previous FTSO eras unavailable.
The bug was discovered in the FTSO Reward Manager contract on Flare. It has not been applied. This contract has been deactivated and a new contract has been deployed instead. Any unclaimed rewards from previous FTSO eras are now unclaimable.
Oracle’s Flare Time Series (FTSO) is a decentralized and secure smart contract on the Flare network that continuously evaluates different types of data. Collecting data from sources such as centralized and decentralized exchanges, operators transmit it to the FTSO system. The data is then weighted based on the supplier’s voting power and the median is calculated to arrive at the final score.
Data providers who provide valuable information, such as price pairs, are rewarded, and the final data scores are eventually recorded on the network.
Anyone with an account on the Flare network can become a data provider for the FTSO and be rewarded for submitting data. The top 100 data providers with the most votes, as determined by Wrapped FLR balance and delegation, are selected for each epoch to consider their submissions.
Data providers and their delegates are rewarded for each price epoch in which the data they provide is close to the average. Rewards accumulate over reward epochs (3.5 days on the Flare network and 7 days on Songbird) and can be claimed after the end of the epoch.
Due to the fact that rewards are not paid automatically and are stored in the FTSO Reward Manager contract, an error occurred that blocked the funds.
#bug #Flare #Network #rewards #unavailable