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 🧵
(1/8)
@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.
(2/8)
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
(3/8)
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.
(5/8)
Institutional adoption is already starting.
Companies like VivoPower will be deploying over $100M worth of XRP using this system.
Everything Blockchain has added another $10M+
This shows that the infrastructure is strong enough for big institutions and accessible to individual investors as well
(6/8)
There is over $170B of XRP sitting idle.
Flare is unlocking that value step by step with every new Dapp they add to their already stacked DeFi ecosystem
One of crypto’s oldest assets has now a new life and purpose.
(7/8)
The XRPFi ecosystem is live.
You can bridge, stake, trade, and borrow today.
For XRP holders, this is the start of something entirely new
The moment where passive coins become active, and XRP becomes more than just a payment token.
(8/8)
6.73K
78
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.