Hugo Philion explains FAsset test limitations due to collateral risks capped at $300k for code-related exploits.
FAsset scaling is restricted to ensure security and effectiveness before transitioning to Flare’s main network.
The recent updates regarding Flare’s FAsset testing on Songbird have received a lot of attention, especially given its design and limitations. Co-founder of Flare Hugo Philion responded on X to help to understand the present status of the testing phase.
With a $2 million per asset threshold and limitations linked to the accessible agent and pool collateral, he underlined that the FAsset test is purposefully limited.
The FAsset test on Songbird has been designed to be limited in nature. The amount of FAsset that can be issued is limited both by a $2M per asset cap and the amount of agent and pool collateral.
As we have seen the system is fully minted most of the time. So why aren’t agents…
— Hugo Philion (@HugoPhilion) December 21, 2024
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