Flare Simplifies XRP DeFi Access with Single-Signature Vault Deposits

Flare Network has simplified XRP holders' access to decentralized finance (DeFi) by releasing an update to its Smart Accounts v1.3. The new version reduces a previously multi-step process to a single wallet signature, allowing users to mint FXRP and deposit it into yield-generating vaults.

According to Flare, the update eliminates the need for separate wallet setup, bridging requirements, and gas management, making DeFi access more straightforward for XRP holders. Users can now select a vault and sign once using their existing XRPL wallet, triggering a smart contract linked to their XRP Ledger address.

The release adds the Clearstar Flare XRP Yield Vault alongside the existing Monarq XRP Yield Vault, giving users access to two FXRP yield strategies. Flare also expanded wallet support to Ledger, Xaman, Joey Wallet, and WalletConnect-compatible wallets, including Bifrost, joining existing D'CENT integration.