Sceptre Liquid

Sceptre Liquid receives a B- risk grade (30/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — standard LST design on a less battle-tested chain creates ecosystem-specific liquidity and oracle risks, partially offset by reputable development team and open-source contracts. Sceptre Liquid is a liquid staking protocol built by Rome Blockchain Labs for the Flare and Partisia blockchains, issuing sFLR tokens that auto-compound staking rewards and FlareDrops. With approximately $22M TVL, the protocol is one of the primary liquid staking options on Flare, leveraging the network's native FTSO oracle system for price feeds and reward calculations. Its B risk grade reflects the Flare ecosystem's limited DeFi depth and sFLR secondary market liquidity, alongside the novel integration with Flare-specific reward mechanisms, balanced by standard LST design and open-source smart contracts.

The key risks identified for Sceptre Liquid are: (1) sFLR utility depends on the Flare DeFi ecosystem, which has significantly less depth than Ethereum or major L1s. During market stress, holders may face substantial slippage when exiting through Flare DEXes due to limited liquidity. (2) Unstaking FLR requires a 14.5-day waiting period. Users needing quick exits must rely on secondary market liquidity, which may be insufficient for large positions, potentially resulting in selling at a discount to fair value. (3) The protocol is built and controlled by Rome Blockchain Labs. The degree of decentralized governance is not well documented, meaning the team may have authority to modify protocol parameters, fees, or delegation targets without community approval. (4) Both reward calculation and price data depend on Flare's FTSO oracle system. If FTSO experiences issues, both sFLR exchange rate accuracy and reward distribution could be affected simultaneously.

Sceptre Liquid scores 30/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 3/20, Oracle Surface: 2/10, Documentation Gaps: 4/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 6/10. The highest risk area is Vitality Risk at 6/10.

Among 83 rated Liquid Staking protocols on Hindenrank, Sceptre Liquid ranks #38 by safety (lowest risk score = safest). Its 30/100 risk score and B- grade place it in the middle tier of Liquid Staking protocols.

Sceptre Liquid scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.