The post Flare to Launch XRPFi Tomorrow — Here’s How It Will Transform XRP Staking appeared on BitcoinEthereumNews.com.

Flare’s three-phase plan includes launching the FAssets v1 mainnet, which bridges non-smart contract tokens like XRP, DOGE, and BTC into DeFi. XRPFi introduces FXRP, a tokenized version of XRP for smart contract interactions without relinquishing control of the original XRP. Tomorrow, April 29, a new decentralized finance (DeFi) ecosystem for the XRP holders known as XRPFi will debut. This means that with XRPFi, users will be able to utilize the staking, lending, borrowing, and trading of XRP-based assets directly on the Flare blockchain. This will add smart contract capabilities to a token that previously had limited DeFi integration.. Flare Goes Big On XRP Flare announced the upcoming launch through its official X account. The team described XRPFi as “imminent” and outlined a three-phase plan to develop and expand the ecosystem. In the first phase, Flare will introduce the FAssets v1 mainnet. The company explained that this feature would enable “scaled, trust-minimized bridging for non-smart contract chain tokens like XRP, DOGE, and BTC.” This will unlock access to decentralized finance opportunities for assets that traditionally could not interact with smart contracts. Once on roll out, Flare will increase XRPFi’s offer. According to the announcement, DeFi applications supporting “XRP-based lending, borrowing, yield trading, denominated perpetuals, and liquid restaking” are currently in development. These additions aim to drive greater adoption of XRP within decentralized finance markets and attract new developers to both the Flare and XRP Ledger ecosystems. To back up its longer-term strategy, Flare also stated that they were committed to building an ecosystem that is suitable for institutional participants, as mentioned in our previous story. The company stated that it is introducing “institution-friendly infrastructure,” highlighting features such as KYC/KYT/AML compliance and TEE-enabled security systems. Flare believes these measures will allow businesses to “adopt XRPFi products seamlessly.” Analyst Lauds Flare’s Latest Venture…

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Filed under: News - @ April 29, 2025 12:28 am