Flare Launches FXRP on Mainnet, Unlocking XRP DeFi Access

Flare has rolled out its first FAsset, FXRP v1.2, on the mainnet, enabling XRP holders to leverage their assets across decentralized finance (DeFi) applications. This launch represents a major step toward broader XRP integration in DeFi ecosystems.

FXRP and DeFi Integration

FXRP is a pegged representation of XRP, secured through an overcollateralized system managed by independent agents and Flare’s data oracles. Users can mint FXRP, earn yield, trade on decentralized exchanges (DEXs), engage in lending, mint stablecoins, and participate in liquid staking.

The launch is capped at 5 million tokens in its first week, with gradual expansion as adoption grows. Flare has integrated FXRP into multiple DeFi platforms and crypto wallets, simplifying access without technical barriers.

Incentives and Ecosystem Growth

Flare is incentivizing on-chain activity through token rewards to DeFi pools supporting FXRP. These rewards aim to encourage early participation while ensuring sustainable ecosystem growth. Security is maintained with ongoing audits, bug bounties, and continuous monitoring to ensure resilience.

This rollout positions FXRP as a key bridge between XRP and DeFi, providing holders new avenues for utility, liquidity, and yield generation.