$170B+ $XRP sits idle. → @FlareNetworks brings XRPFi, aiming to activate it through staking, trading, borrowing, and yield. Enter the “XRP's DeFi awakening” 🧵👇🏻
For over a decade, XRP has powered fast and efficient settlement at scale. FXRP on Flare extends that strength with composability, opening new growth opportunities: XRP as collateral, liquidity, and yield in DeFi. Mint today:
2\ FAssets Bridge FXRP is a 1:1 representation of XRP on Flare, backed by 270%+ collateral. Unlike custodial bridges, XRP never leaves its chain. FXRP is minted trustlessly, opening the door for XRP to be programmable.
3\ Liquid Staking Through @Firelightfi, FXRP can be staked to mint stXRP: a liquid staking token. Beyond earning points, users will earn yield on their liquid stakes token stXRP through securing services with slashing economics, all while staying usable across DeFi protocols. That dual role makes it a key primitive in the XRPFi stack.
@Firelightfi 4\ DeFi Toolkit Once minted, FXRP and stXRP can be traded on DEXs like SparkDEX, lent on Kinetic, or used as collateral for perps on flamix. The crucial step here is composability. $XRP moves from siloed settlement into multi-layer financial integration.
@Firelightfi 5\ Stablecoin Layer Perhaps the most overlooked piece: borrowing stablecoins against XRP. Similar to MakerDAO’s model, but with XRP as base collateral, creating native liquidity without forcing sales. This move turns XRP into an income-generating balance sheet asset.
Show original
13.31K
439
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.