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Flare Unveils 6-Month Plan to Revamp XRP DeFi Ecosystem

Guavy AI Editorial Team
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Flare Networks CEO Hugo Philion has announced a six-month plan to revamp the XRP decentralized finance (DeFi) ecosystem, XRPFi. The upgrade will enable smart contract functionality on the XRP Ledger through Flare's programmable layer.

This move aims to allow XRP holders to use wrapped FXRP tokens for staking, lending, and liquidity pools. According to Philion, this could potentially lock up 5 billion XRP and reduce market supply.

The upgrade also includes Confidential Compute technology to protect institutional trades while maintaining transparency.

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