FAQ's
XRPFi (XRP DeFi) refers to the expansion of XRP into decentralized finance. XRP was purpose-built for fast, efficient payments and settlement. XRPFi expands that utility into DeFi lending, liquidity provision, staking, and structured strategies via FXRP on Flare.
Flare's trust-minimized bridging system that enables non-smart contract assets (like XRP) to be used in DeFi at scale. FXRP is an FAsset.
A 1:1 ERC-20 representation of XRP on Flare. It is minted through the FAssets system and can always be redeemed back for native XRP. Secure and fully non-custodial. You can use FXRP across Flare DeFi for trading, lending, liquidity provision, and yield strategies.
Refer to our video guide: FXRP Explained in 90 Seconds
Refer to our video guide: FXRP Explained in 90 Seconds
Flare Smart Accounts let you deposit XRP into curated vaults on Flare straight from the wallet you already use. One flow, a single signature on XRPL. No new wallet, no gas token to manage, no manual bridging — FSA handles it.
FLR can be acquired on exchanges that list it and transferred to a Flare-compatible wallet. It is used for transaction fees, governance participation, and as collateral in the FAssets system. Refer to the list of exchanges on the Flare website.
- Liquid Staking → Stake FXRP in Firelight soon to mint stXRP, earn points and unlock a new use case for XRP as economic security in staked services.
- Trade on DEXs → Trade FXRP & stXRP pairs on SparkDEX, Enosys, BlazeSwap, and Hyperliquid.
- Borrow & Lend → Use FXRP & stXRP as collateral to access liquidity on Kinetic and Mystic.
- Yield Trading → Access structured yield strategies with yield trading platforms.
- Perpetual Futures → Deposit FXRP & stXRP to trade perpetual futures on Flamix.
- Stablecoins from XRP → Mint XRP-backed stablecoins against your FXRP & stXRP on Enosys Loan, like MakerDAO but built for XRPFi.
- Prediction Markets → Participate in prediction markets with FXRP on Ingite.
- Vault Strategies → Deploy FXRP into structured vaults on Upshift and Mystic.
Your XRP is locked on the XRP Ledger and verified via Flare's data protocols. FXRP is minted on Flare and remains redeemable for the original XRP.
FXRP is secured by the FAssets system, which uses decentralized agents and fully transparent onchain collateral.The system has undergone at least four independent audits by Zellic and Coinspect, supplemented by bug bounties through Immunefi and additional reviews from Code4rena. Audit reports are available here.
Yield depends on how FXRP is deployed. It can come from AMM trading fees (sometimes paired with rFLR rewards), protocol-driven revenue such as Firelight where staked FXRP backs protectionservices, or from structured DeFi vaults (e.g. Upshift, Morpho) where capital is allocated intoliquidity pools or collateralized strategies.
FXRP unlocks new utility and yield through DeFi — including lending, liquidity provision, and staking — without requiring you to sell your XRP.
Access a full-stack DeFi platform with native oracles, bridging, and rich ecosystem support. Please refer to the Developer Hub to start building on Flare: https://dev.flare.network/
Continued expansion of lending markets, deeper stablecoin liquidity, and additional DeFi integrations designed to broaden XRP utility on a growing XRPFi stack. Build a rich ecosystem to put your XRP to work.
Stay tuned with https://x.com/FlareNetworks
Stay tuned with https://x.com/FlareNetworks
Staking FXRP lets you earn rewards while keeping your assets liquid. When you stake FXRP, you receive stXRP, which continues accruing staking rewards while remaining usable in Flare DeFi.
There is no minimum stake amount. However, users should consider gas fees when staking smaller amounts.
You can stake FXRP through Firelight and receive stXRP in return. To unstake, you initiate the withdrawal by burning your liquid staking and receive stXRP in return. To unstake, you initiate the withdrawal by burning your liquid stakingtokens (stXRP). Then, after a cooldown period, you can claim your underlying collateral (FXRP).
Refer to our video guide: How to stake FXRP with Firelight
Your XRP is secured in non-custodial smart contract vaults. You maintain control through cryptographic means rather than relying on a central party. Audit reports are available here.
stXRP is a liquid staking token that represents your staked FXRP position. It can be traded or used in Flare DeFi while continuing to accrue staking rewards.
Yes, stXRP can be traded (SparkDEX, BlazeSwap), used as collateral for lending & borrowing, deployed in yield strategies (Spectra), and used across supported Flare DeFi protocols; all while simultaneously accruing staking rewards.
On Firelight, staking FXRP gives users stXRP, which accrues staking yield and may also earn Firelight Points for early participation.
Learn more about Firelight: https://docs.firelight.finance/
Learn more about Firelight: https://docs.firelight.finance/
FXRP vaults are structured on-chain systems that deploy FXRP into defined strategies. They are designed to make how FXRP is used clear and transparent, rather than relying on open-ended yield farming.
Curators decide how capital is allocated within a vault. They deploy funds into markets with defined risk parameters, prioritizing stability, liquidity access, and predictable behavior.
Yield comes from how FXRP is deployed. In Mystic's Core Vaults, FXRP is allocated into isolated lending markets (e.g. USD₮0/FXRP), and returns depend on real borrowing demand and onchain activity, rather than incentivized emissions.