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Flare Networks enables XRP holders to earn yield via FXRP with simple single-signature access, boosting DeFi adoption.

Protocol Fundamentals
08 Sep 2026
Crypto Briefing
View Source
Bullish
Flare Networks enables XRP holders to earn yield via FXRP with simple single-signature access, boosting DeFi adoption.

Flare Networks has launched an update allowing XRP holders to mint FXRP, a 1:1 token backed by XRP, and deposit it into yield-generating vaults with just one signature, eliminating the need for complex bridging or separate wallets. Since February 2026, FXRP deployed in DeFi has grown 75%, reaching 144 million tokens, with over 40 million XRP earning yield through integrated wallets. This development opens new opportunities for XRP holders to earn returns via diversified strategies on platforms like Monarq and Clearstar, enhancing XRP's utility in DeFi. The system maintains asset custody on the XRP Ledger while enabling smart contract operations on Flare's EVM-compatible network.

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