Overview of Wallet Features

Experience DeFi at its Strongest

Wallet features

Luminite provides native tools to engage with DeFi opportunities, including swaps, on-ramp, cross-chain bridge, and staking. Yield data is aggregated and visualized within the wallet to give users an intuitive understanding of potential returns.

Swap

Swapping is exchanging one token for another, like changing from one currency to another. Luminite lets users swap supported tokens such as ETH, USDT, and USDC directly within the wallet, ensuring low fees and minimal slippage. More tokens and networks will be added over time. This built-in swap feature enables users to convert assets instantly, eliminating the need for external platforms and making DeFi easier and safer.

Staking

Staking allows users to lock their tokens within the network to earn rewards, just like a savings account. Luminite currently offers two earning options: FTSO Delegation and FLR Liquid Staking. Each comes with its own benefits, designed to fit different user needs.

FLR Liquid Staking

Luminite empowers users to stake their $FLR or $WFLR tokens directly through a seamless in-app experience. By depositing tokens into curated, audited vaults powered by Sceptre, users can earn passive income directly within Luminite, without needing to access the Sceptre interface. The vault is currently offering competitive APYs based on market conditions and vault performance.

Staked assets remain under the user's control through Luminite's non-custodial design and can be unstaked after a cooldown period, typically 14 days. This feature provides long-term holders with a simple, secure, and efficient way to grow their assets while staying within the Flare ecosystem.

Staking: FTSO Delegation

For users looking to keep their $FLR tokens accessible while still earning yield, Luminite offers FTSO Delegation. This mechanism allows you to delegate $WFLR or $FLR to Flare data providers who feed real-time price information to the Flare Network.

Based on the accuracy and performance of these providers, users receive periodic rewards without locking their tokens. Delegation is flexible, and users can adjust or reassign their providers anytime. Luminite simplifies this process with an intuitive UI, enabling both beginners and advanced users to participate in securing the network while earning passive income.

Here's a clear comparison table between FLR Staking and FTSO Delegation as supported in the Luminite app:

Feature	FLR Staking	FTSO Delegation
Staking	Instantly	Instantly, rewards begin in the next reward epoch
Unstake Duration	Requires a cooldown period to withdraw assets, typically 14 days.	Instant
Lock Token	Yes — $FLR or $WFLR is locked	No, you retain full custody of your tokens
Token Support	$FLR and $WFLR	$FLR and $WFLR
APY	Currently >45%, but it may vary depending on sFLR: FLR exchange rate	Currently up to 8.0%, depending on provider performance
Fee	A 4.40% buy-in fee is applied during the 23-day snapshot period to protect existing stakers' APR. However, "No Buy-In Fee" events may allow free staking. Sceptre also charges a 10% service fee on all rewards, deducted before rewards are added to the pool — the exchange rate you see is what you get.	No fee from the network, provider-dependent
Providers	Sceptre	FTSO data providers
Redemption period	After the cooldown period, you have a 2-day window to redeem your WFLR. If you miss this window, your assets are automatically restaked.	Instant

Bridge using Fswap Cross Chain Bridge/Stargate

Bridging enables the transfer of crypto assets across different blockchains. Luminite has integrated Stargate, allowing users to bridge assets like ETH, USDT, and USDC from major EVM chains such as Ethereum, Avalanche, Polygon, Arbitrum, Optimism, Linea, Base, Kava, and Scroll into the Flare Network.

The FSwap Bridge is a native Flare bridge designed for minting and redeeming FAssets, such as FXRP. This bridge is fully integrated into the Luminite Wallet under the Bridge tab, allowing users to mint FAssets directly without needing complex wallet connections or multiple interfaces.

For users who prefer to bridge assets from wallets other than Luminite, the bridge is available through the web interface here.

The latest upgraded Fswap Bridge, built by Luminite and powered by FAsset Technology, transforms how users move assets across chains — not just into Flare, but across the entire EVM landscape. At the core of this upgrade is a simple idea: Users can start on any supported chain - and end on any supported chain. No Limits.

For more information on Fswap, go here.

Lend & Borrow using Kinetic Market

Luminite’s latest integration introduces lending and borrowing functionalities powered by Kinetic Market. This feature allows users to lend and borrow supported assets — currently USDT0 and FXRP — directly within the wallet.

Users can supply their assets as collateral to borrow other tokens on Kinetic, enabling more flexible capital management. While lending, users will earn yield based on the annual percentage yield (APY) offered by the market.

On-ramp

The on-ramp feature allows users to easily buy crypto using their local currency. Integrated with trusted payment providers, it supports a variety of payment methods such as bank transfer, credit/debit card, Apple Pay, Google Pay, and local e-wallets. This makes it simple and secure for newcomers to enter the crypto ecosystem without needing prior experience.