A big @MessariCrypto report on the XRPFi narrative, and @FlareNetworks more specifically, is on the way If $XRP had some form of serious FUD or something that made it hard to approach to the newer generations of crypto natives, was the lack of DeFi and/or other types of uses for the token Flare changed this, and tackled a gigantic market (Ripple is the 4th biggest crypto with $120B+ in market cap) At the core of it all stands $FXRP (the Flare-wrapped version of XRP) 🔸 FXRP is backed by FAssets These are 1:1 representations of the original assets: 1 FXRP = 1 XRP Unlike wrapped tokens like $wBTC, these don't need a custodian but can be fully composable in the same way On top of these, Flare has its own Oracle Layer (FTSO) and Data Connector (FDC) And I'm pretty sure we'll soon see an expansion to more assets, like $BTC, $DOGE and $ETH 🔸 Fireflight is the next big step up This will allow for liquid staking, letting users convert FXRP directly into stXRP Which will then obviously find ways to be used in defi Other projects were already joining in for FXRP alone, they'll flock once @Firelightfi goes live