XRP has been stuck as a payments coin for years.
Flare just unlocked yields and more DeFi opportunities
Without moving XRP off chain.
Here’s how XRPFi brings XRP into DeFi 🧵
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@FlareNetworks For a long time XRP holders had only two options
Hold or sell.
Even though XRP is the third largest crypto by market cap, it never had the tools other ecosystems like Ethereum or Solana have.
Now, with Flare, that is finally changing.
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The key is FXRP.
It’s a 1:1 version of XRP minted on Flare through a secure bridge.
The original XRP stays safe on its home chain, while FXRP lets you access DeFi features like trading, lending, and staking.
Now XRP holders can put their tokens to work
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Once you have FXRP, you can stake it in Firelight to mint stXRP.
stXRP is a liquid staking token that earns yield and rewards can be used across DeFi.
You don’t have to lock it for months or wait to access it, you can still trade, borrow, or provide liquidity while earning yield.
(4/8)
With FXRP and stXRP, you can do everything that was missing for XRP before.
Trade on decentralized exchanges like SparkDEX and BlazeSwap.
Borrow stablecoins by using your FXRP as collateral.
Provide liquidity and earn fees.
Even trade perpetual futures with stXRP.
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