Flare Launches DeFi Upgrade Letting XRP Holders Earn Yield via FXRP
Flare Network has launched a significant DeFi upgrade enabling XRP holders to use FXRP — Flare’s bridged representation of XRP — in lending and borrowing markets. Users can now lend FXRP to earn yield or post it as collateral to borrow other tokens on supported protocols, bringing direct on-chain income opportunities to XRP holders and expanding practical use cases for bridged XRP liquidity.
The upgrade could attract fresh capital into Flare’s ecosystem and improve liquidity for FXRP and FLR, while making DeFi access more straightforward for XRP holders. Market participants should still weigh typical DeFi risks such as smart-contract vulnerabilities, oracle failures and liquidation mechanics before supplying or borrowing. Overall, the change marks a notable step toward broader DeFi integration for XRP and could influence demand for bridged XRP and related services.