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A year after FXRP launched, XRP holders can use a representation of their tokens in vaults, lending markets, and applications on Ethereum. Flare says

Firelight plans to use FXRP as collateral for DeFi coverage, offering yield to depositors while introducing withdrawal delays of up to 60 days.

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Custodian Hex Trust will let clients mint and redeem FXRP and stake FLR through its platform, giving institutions a way to put XRP to work.

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Flare’s DeFi infrastructure is unlocking XRP’s true utility, with over 90M XRP bridged into FXRP and new FXRP/USDH markets on Hyperliquid.

XRP's DeFi ecosystem is rapidly expanding, with FXRP supply approaching 160 million tokens, suggesting increased adoption. An XRP Ledger validator, Vet, argues XRP's design is better suited for replacing traditional finance due to its focus on stability and risk mitigation. Vet claims XRP avoids complex features like smart contract composability to prevent cascading failures. Platforms like Firelight and BlazeSwap are already utilizing FXRP for yield and liquidity. Flare Network's founder, Hugo Philion, criticized Vet's claims of superiority as premature, emphasizing that DeFi is still maturing. Philion noted that even XRP-related protocols have experienced bugs and rollout issues. Vet clarified that his argument centers on managing downside risk, not outright superiority. He believes XRP Ledger's design choices are deliberate and prioritize robustness. The discussion highlights the ongoing debate about XRP's position and unique approach within the evolving DeFi landscape. The growth of XRP's DeFi ecosystem is a promising sign.

Flare’s FXRP DeFi ecosystem, pitched as a billion‑dollar XRP breakthrough, has seen slow adoption and largely flat user growth.

Flare Network has enabled XRP to enter DeFi through FXRP, a yield-generating representation of XRP, unlocking staking, lending, and liquidity opportunities. The post XRP’s Next Chapter: How Flare’s FXRP Has Transformed A Payments Token Into A DeFi Asset appeared first on Metaverse Post.

The Flare Network has introduced a new yield-focused product called earnXRP, which allows XRP holders to earn returns without selling their holdings. This product is the result of a collaboration between Flare Network, Upshift, and Clearstar, and it offers a way for XRP holders to participate in DeFi. The earnXRP product is built around Flare's FAssets system, which represents XRP on the network as FXRP on a one-to-one basis. To participate in earnXRP, holders deposit FXRP into an on-chain vault, where the assets are deployed across yield-generating strategies. In return, users receive a receipt token that tracks their deposited FXRP along with any yield accrued over time, with earnings remaining fully denominated in XRP. The launch of earnXRP addresses a long-standing gap in the ecosystem where earning yield typically required moving into stablecoins or other assets. Despite the significance of the launch, the immediate market response has been limited, with XRP still trading within its recent range and showing little reaction to the announcement. The price of XRP has been bearish in recent weeks, and it is currently trading around $1.87, with the altcoin heavily influenced by broader market conditions and macro sentiment. The earnXRP product is one of the few avenues XRP holders can participate in DeFi, and it removes much of the complexity typically associated with DeFi participation. The launch of earnXRP is a significant development for the XRP ecosystem, and it provides a new way for holders to earn returns without selling their XRP holdings.

We are thrilled to announce the successful completion of the open beta phase. Now, welcome to FXRP on Songbird, our Canary network.

Derive now accepts FXRP as collateral for XRP options, perpetual futures and spot trades, expanding the token’s onchain utility. The integration gives