Flare Integrates XRP into Yield-Generating Vaults
Flare Networks has integrated XRP into its yield-generating vaults through FXRP, a 1:1 representation of XRP on the Flare network. This integration allows XRP holders to deposit their tokens directly into DeFi wallets with just a single signature from an existing XRPL wallet.
The numbers are impressive, FXRP deployed in DeFi has grown by 75% in about five months, from 82 million to 144 million since February. More than 40 million XRP is currently earning yield through integrated wallets like Xaman and D'CENT.
One of the most interesting developments is the vault ecosystem. Monarq operates a multi-strategy XRP Yield Vault targeting 3-4% APY through diversified strategies, while Clearstar's fully on-chain DeFi vault has deployed over 33 million FXRP across lending and liquidity protocols.