FAQ
Frequently Asked Questions
1
What chains can I bridge tokens to inside Luminite?
Luminite currently uses Stargate to support bridging between Ethereum, Flare, Avalanche (AVAX), Polygon, Arbitrum, Optimism, Linea, Base, Kava, and Scroll. More chains will be added in the future without Stargate limitations to ensure greater interoperability.
Bridge
2
Can I bridge to all cryptocurrencies using Luminite app?
Not all. Currently, only major tokens like ETH, USDT, and USDC are supported. This ensures low fees and smooth cross-chain functionality. More tokens may be supported as Luminite expands.
Bridge
3
Can I buy crypto with my local currency?
Yes. Luminite integrates with global payment providers to allow purchases via bank transfer, credit/debit card, Apple Pay, Google Pay, and local e-wallets.
Buy and Sell Crypto
4
What are FAssets and how does it work in Luminite?
FAssets are a wrapped version of non-EVM tokens (e.g., XRP, DOGE) that can interact with smart contracts on EVM-compatible chains. Luminite lets you mint, hold, and use FAssets within your wallet (Once FAssets launch on Flare Network.)
FAssets
5
Does Luminite support multi-devices?
Yes. You can access your wallet from Mobile and Desktop using the same email or passkey.
Login
6
Do I need to remember my wallet’s seedphrase?
Not for daily use. Luminite supports passkey or email login. However, saving your seedphrase is critical as a backup if you lose email/device access. Enabling 2FA for added email security is highly recommended.
Login
7
Is Luminite available on mobile and desktop?
Yes. It works in all browsers on mobile and desktop. Native iOS and Android apps are in development.
Login
8
What is a passkey and is it safe?
A passkey is a modern, secure login method using your biometrics or PIN. It’s more secure than passwords and supported by Apple, Google, and PayPal. Luminite uses a passkey to keep your wallet secure.
Login
9
What happens if I loose access to my email?
If you signed up via email and didn't save your seedphrase, you may lose access to Luminite. Always secure your email with 2FA and back up your wallet seedphrase.
Login
10
What happens if I loose my device?
No one can access your wallet without biometric/email verification. You can log in from a new device using your email or passkey.
Login
11
What networks does Luminite support?
Luminite supports both EVM chains (Ethereum, BNB, Polygon, etc.) and non-EVM chains (like XRP via Flare).
Multi-chain
12
What does “non-custodial” mean?
It means you fully control your keys and crypto. Luminite doesn’t store your funds, keys, or credentials.
Protection
13
Are the vaults audited or verified?
Yes. Luminite is audited by reputable security firms. All integrated DeFi vaults are vetted for safety and performance.
Protection
14
Can my wallet be hacked?
It’s highly unlikely. Luminite never stores private keys. Wallets are protected by a passkey or email with optional 2FA and biometrics.
Protection
15
Does Luminite store my private keys or personal data?
No. You fully control your keys. Luminite stores no sensitive data.
Protection
16
Is Luminite audited?
Yes. Audit details and certificates will be published at a later stage.
Protection
17
How can I earn rewards by referring friends?
Referral programs will be introduced soon. Stay tuned.
Referral
18
Is my staked crypto locked? Can I withdraw anytime?
With FLR Liquid Staking (via Scepter), yes—unstaking requires a 14-day cooldown. With the FTSO delegation, your tokens remain accessible and can be unstaked anytime.
Staking
19
Which tokens can I stake with Luminite?
You can stake $FLR and $WFLR. More staking options will be added as the Flare ecosystem grows.
Staking
20
What is the staking APY (Annual Percentage Yield)?
The annual percentage yield (APY) is the interest rate earned on an investment in one year, including compounding interest. APY varies by vault and market conditions. Luminite offers competitive yields via vetted DeFi protocols.
Staking
21
Will staking rewards be automatically added to my wallet?
Rewards accumulate in real time and are claimable once the staking period ends.
Staking
22
Will staking rewards be added automatically?
The app itself is secure. The main risk is market fluctuation of $FLR. Long-term holders may still benefit from rewards.
Staking
23
What is staking through FTSO Delegation?
You delegate $FLR to data providers. Tokens remain accessible, and you receive rewards based on provider performance.
Staking
24
What is the difference between different FTSO parties?
FTSO = Flexible & provider-based rewards. Liquid staking = Locked tokens & protocol-based yield. Both have variable APYs.
Staking
25
Will I loose money if $FLR drops in price?
Your token count stays the same, but the value may decrease. If $FLR rises, staking can offer compounding gains.
Staking
26
Can I swap all tokens using Luminite wallet?
Not yet. Currently, only selected tokens are available for swapping. More will be added over time.
Swap
27
Does Luminite charge fees for transactions?
No platform fees are charged, but gas/network or bridge service fees may apply and are shown before confirming a transaction.
Transaction
28
Are there limits to sending or swapping?
No platform-enforced limits. Transactions depend on wallet balance and service provider terms.
Transaction
29
Can I use multiple Luminite wallets at the same time
Yes, you can! Luminite allows you to create and manage multiple wallets under a single email account. With just one tap, you can add an additional wallet whenever you want, no need to sign up again or manage multiple logins.
Wallet
30
Can I import other wallet address into Luminite?
Yes. You can import these using seed phrase or private key.
Wallet
31
Can I export Luminite wallet addresses to other wallets?
Yes. You can export your seedphrase or private key to use in other Web3 wallets. Use caution to avoid phishing and risky dApps.
Wallet
32
What is the difference between FTSO delegation and FLR Liquid Staking?
FTSO keeps tokens accessible, and rewards depend on provider performance. Liquid staking locks tokens and yield is based on staking demand.
Staking
33
Why should I delegate my WFLR tokens to FTSO data providers?
By delegating your WFLR tokens, you can earn rewards if the data provider to whom you delegated your tokens is successful. FTSO data providers provide exchange rates from exchanges to the Flare network (e.g., ETH/USD rate), and if they provide better (more precise) rates, they receive higher rewards. Note that by delegating, you still keep all your WFLR tokens and can use them freely.
Staking FTSO
34
To whom should I delegate my tokens?
The list of FTSO data providers is available here. The main criterion to watch out for is the reward rate, which shows the current reward rate (in percentage). The higher the reward rate, the bigger your reward will be.
Staking FTSO
35
Do I immediately start earning rewards after I delegate my tokens?
No. Rewards are distributed in units that are called epochs. Each epoch lasts 3 and a half days (84 hours). You will be entitled to a reward for a specific epoch if you delegated your WFLR tokens to a data provider before the so-called snapshot block for that epoch happened. This block is randomly selected around a day before an epoch started. For example, if an epoch started on January 1, you should have delegated your tokens before December 31, and you will be entitled to the reward after the epoch ends.
Staking FTSO
36
Do I have to delegate my tokens before every epoch starts?
No, once you delegate your tokens to an FTSO data provider, the system assumes that you will be delegating to this provider from now on (until you change it).
Staking FTSO
37
How can I change my delegation?
You just click on the Delegate button, select a different data provider, and click the submit button. If you're re-delegated before the snapshot block for the next epoch, the new delegation will already be used in this epoch; otherwise, the old delegation will still be used.
Staking FTSO
38
How high of a reward will I receive?
The amount of WFLR tokens you delegate is determined at the epoch’s snapshot block. This amount is then multiplied by the reward rate (as a percentage) that the provider to whom you delegated your tokens achieved by the end of this epoch.
Staking FTSO
39
How do I claim my delegation rewards?
The table will show your unclaimed delegation rewards for specific epochs. By selecting them and clicking on the Claim button, you will receive these rewards in WFLR tokens to your account. Be careful to claim your rewards regularly, as they will be revoked 90 days after a specific epoch ends.
Staking FTSO
40
What is the function of an executor?
Executors are addresses you entrust to claim your rewards for your account (and your PDA). You can set your own service to simplify claiming or select an existing service that will regularly claim for you for a fee. Note that executors can only claim to your account (or to your PDA) and cannot perform other actions on your account.
Staking FTSO
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