Source: CryptoBriefing
Original Title: Flare, Upshift, and Clearstar introduce earnXRP, a new XRP-denominated yield vault
Original Link:
Overview
earnXRP enables users to earn onchain yield directly denominated in XRP through a diversified, non-custodial vault. Powered by Flare’s FAssets system, Upshift infrastructure, and Clearstar’s risk management, earnXRP is the first fully onchain yield product for XRP holders.
Launch Details
Flare, in collaboration with Upshift and Clearstar, has launched earnXRP, the first onchain yield product fully denominated in XRP, utilizing Flare’s FAssets system.
Built on Flare’s FAssets system and powered by Upshift’s vault infrastructure with risk curation from Clearstar, the product enables users to deposit FXRP into a single non-custodial vault that automatically deploys funds across diversified strategies and compounds returns back into XRP.
The launch aims to simplify access to XRP-based DeFi while expanding on-chain liquidity and institutional-grade yield opportunities within the Flare ecosystem.
“Only 0.1% of XRP supply is utilized in DeFi, despite it being the 5th largest cryptocurrency by market cap. Users have not had an easy way to capture sustainably high returns. We’re excited to work with Flare and Clearstar to unlock XRP yield using the new Flare XRP Yield vault,” said Ethan, Growth Lead at Upshift.
Broader XRP Integration Efforts
Flare is actively expanding XRP integration across its ecosystem. In September, Flare Network launched its first XRP-backed stablecoin via Enosys Loans, a CDP protocol that lets users collateralize FXRP to mint stablecoins.
Additionally, Firelight recently introduced an XRP staking protocol on the Flare Network to facilitate insurance coverage and yield generation in DeFi via liquid staking tokens.
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AlwaysQuestioning
· 12-25 17:21
Is there something new with XRP again? Oh wait, how can I trust this non-custodial one? I need to check carefully before investing.
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LiquidityWitch
· 12-25 05:25
XRP finally has some new features, I've been waiting for this... The non-custodial logic of FAssets sounds pretty good, much more reassuring than assets being frozen at any moment.
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NFTDreamer
· 12-25 01:32
XRP has new features again. Is this reliable... I'm a bit tempted but still need to see.
View OriginalReply0
RetiredMiner
· 12-22 17:53
Is XRP going to da moon again? Is earnXRP reliable this time, or will it be another way to Be Played for Suckers...
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BearMarketBuilder
· 12-22 17:53
XRP has new tricks again, and the self-custody aspect is quite appealing. However, I wonder about the yield; after all, in this day and age, any promise of returns should come with a question mark.
View OriginalReply0
TokenSleuth
· 12-22 17:49
Is XRP coming up with a new approach? The combination of non-custodial and diversified strategies sounds good, but we need to see how the actual returns are.
Flare, Upshift, and Clearstar introduce earnXRP, a new XRP-denominated yield vault
Source: CryptoBriefing Original Title: Flare, Upshift, and Clearstar introduce earnXRP, a new XRP-denominated yield vault Original Link:
Overview
earnXRP enables users to earn onchain yield directly denominated in XRP through a diversified, non-custodial vault. Powered by Flare’s FAssets system, Upshift infrastructure, and Clearstar’s risk management, earnXRP is the first fully onchain yield product for XRP holders.
Launch Details
Flare, in collaboration with Upshift and Clearstar, has launched earnXRP, the first onchain yield product fully denominated in XRP, utilizing Flare’s FAssets system.
Built on Flare’s FAssets system and powered by Upshift’s vault infrastructure with risk curation from Clearstar, the product enables users to deposit FXRP into a single non-custodial vault that automatically deploys funds across diversified strategies and compounds returns back into XRP.
The launch aims to simplify access to XRP-based DeFi while expanding on-chain liquidity and institutional-grade yield opportunities within the Flare ecosystem.
Broader XRP Integration Efforts
Flare is actively expanding XRP integration across its ecosystem. In September, Flare Network launched its first XRP-backed stablecoin via Enosys Loans, a CDP protocol that lets users collateralize FXRP to mint stablecoins.
Additionally, Firelight recently introduced an XRP staking protocol on the Flare Network to facilitate insurance coverage and yield generation in DeFi via liquid staking tokens.