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Flare Simplifies XRP DeFi Access with Single-Signature Smart Accounts Update

Guavy AI Editorial Team
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XRP
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Flare Network has released an update to its Flare Smart Accounts (FSA) platform, v1.3, which simplifies how XRP holders access decentralized finance (DeFi) applications.

The update allows users to mint FXRP, the tokenized representation of XRP for DeFi applications, and deposit it into yield-generating vaults using a single XRP Ledger signature.

This eliminates the need for multiple steps, including separate wallet setup, bridging requirements, and gas management, making it easier for XRP holders to access DeFi.

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