Key Takeaways
- Monarq, Flare, and Upshift launched MXRPY today to offer XRP holders a new 3% to 4% APY yield vault.
- This product expands XRPFi on Flare by mixing on-chain DeFi with off-chain options and arbitrage.
- Future apps will allow XRPL wallets to access the vault via a 1-signature flow on Flare Smart Accounts.
Managed Yield Product for XRP Holders
Monarq, Flare, and Upshift have introduced MXRPY, a managed multi‑strategy XRP yield vault designed to give XRP holders diversified returns through a single product. The Monarq XRP Yield Vault allows users to deposit FXRP into a professionally managed vehicle that allocates capital across options trading, basis and funding‑rate arbitrage, and on-chain XRPFi strategies.
Monarq Asset Management oversees the vault, which is built on Upshift’s institutional infrastructure. According to a media statement, starting May 15, XRP holders can access MXRPY through Upshift with an initial deposit cap of 500,000 FXRP. The vault targets an annual yield of roughly 3% to 4%, with returns distributed over time based on strategy performance and market conditions.
MXRPY expands Flare’s XRPFi ecosystem by introducing a hybrid structure that blends on-chain and offchain execution. The companies said the product is intended to give XRP holders broader access to yield opportunities while maintaining exposure to the Flare network.
“A real financial system needs a broader menu of options,” said Shiliang Tang, managing partner at Monarq Asset Management. “MXRPY is built to be one of those options for XRP holders.”
The vault allocates FXRP across three return engines. One uses XRP as collateral through FalconX to support options strategies across venues such as Deribit and OTC structured‑product desks. Another deploys market‑neutral basis and funding‑rate trades using borrowed stablecoins. A third directs capital into Flare‑native XRPFi applications, including lending markets, liquidity strategies, and other FXRP‑based DeFi tools.
Users receive MXRPY receipt tokens representing their deposits and accrued yield. Withdrawals are processed weekly on Fridays, with an optional fee‑based instant‑redemption feature.
“The Clearstar EarnXRP vault showed that there is real demand for XRP‑denominated vaults on Flare,” said Ethan, growth lead at Upshift. “We’re now expanding the model with Monarq, offering a second XRP vault with a different strategy profile and a broader set of yield sources.”
The launch comes as Flare’s XRPFi ecosystem continues to grow, with new products emerging across lending, liquidity, and staking protocols powered by FXRP and Flare’s interoperability framework.
A standalone application is planned, allowing users to connect via XRPL wallets and allocate capital through a single‑signature flow enabled by Flare Smart Accounts.
Meanwhile, the companies said yields may vary based on market conditions, execution, and deployment timing. While diversification may reduce concentration risk, users remain exposed to counterparty, smart‑contract, oracle, and infrastructure risks across both on-chain and off-chain markets.