The post How Flare Is Bringing XRP to DeFi appeared on BitcoinEthereumNews.com.

Flare is making headlines because it is transforming the place XRP will hold in decentralized finance (DeFi). Utilizing its native data infrastructure and applying new cross-chain asset protocols, Flare is unlocking opportunities for XRP holders to participate in the growing DeFi landscape—without sacrificing security or token custody. Key Takeaways Flare’s native oracle and data validation stack (FTSO + FDC) enables safe, verifiable cross-chain action and distinguishes Flare from other Layer-1 blockchains. FXRP allows XRP holders to mint a 1:1 token representation on Flare, bringing one of the most liquid assets in crypto into DeFi in a non-custodial, EVM-compatible manner. The launch of USD₮0 stablecoin via LayerZero injected a spark into Flare’s total value locked (TVL) to reach triple in under two weeks. Flare is designed to scale, and it’s planned to support Bitcoin, Dogecoin, and other major assets via its FAssets protocol. Flare’s canary network, Songbird, is crucial for update testing as well as keeping mainnet secure.  What is Flare? Flare (FLR) is a Layer-1, full-stack blockchain optimized for data-hungry use cases and cross-chain interoperability. Its three core features are: Flare Time Series Oracle (FTSO), provides decentralized, enshrined data feeds natively on Flare. Flare Data Connector (FDC), authenticates external blockchain data for Flare’s EVM state, enabling trustless interoperability. FAssets, allows creation of fully collateralized Flare representations of non-smart-contract assets (e.g., XRP). How FAssets Work Compared to traditional wrapped tokens relying on custodial agents, Flare’s FAssets system is collateralized and decentralized. Customers send XRP to a registered agent of the XRP Ledger (XRPL). The agent freezes collateral on Flare and, upon verification via FDC, FXRP is minted in a 1:1 ratio for the customer. The system uses multiple layers of collateral: 1x underlying asset (XRP) FLR pool collateral (typically >1.5x FXRP value) Stablecoin collateral (~1.2x FXRP value) More than 2x system…

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Filed under: News - @ June 17, 2025 7:26 pm