Flare has announced a new partnership with moremarkets to launch the XRP account, a fully onchain yield solution that is designed to make XRP more programmable and more productive. The integration combines the interoperability infrastructure of Flare with the yield strategies of moremarkets and offers XRP holders a seamless way to generate rewards without the usual complexity of Defi.
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XRP work harder
Via the XRP earning account, users can initiate a bridge directly from their XRPL wallet in the Fasset system of Flare, where XRP is beaten as FXRP. From there, Moremarkets is automatically used the assets in strategies such as loans or liquid with fire light, the liquid deployment protocol from Flare. Rewards are then returned to XRP and distributed to the user’s wallet.
“Our mission is to make vain assets work for their holders without the headache of Defi. The XRP earns account already provides a yield to hundreds of Early Adopters, and adding Flare gives them a high-quality path to earn. We build the most liquid XRP onchain ecosystem on FLARE.”
Altan Tutar, co-founder and CEO of Moremarkets
Why it is different
In contrast to centralized revenue offers, the solution for the Flare -Moral Market is:
Non-custodial: users retain full control over their XRP, with FXRP beaten 1: 1 on flare and secured by collateral.
Secure & Transparent: Flare’s Onchain Orakles verify the bridging process, which removes the storage risk.
Betting of liquid with Firelight: In the first phase, users can implement FXRP in the Firelight protocol to receive a liquid supply Token (LST) and earn fire light. The LST can then be used in the Flare Defi Ecosystem. With feature-complete launch, users can also use tokens in several safes that protect economically secure services (ESS). ESS offers economic guarantees for user cases with a high impact, creating a marketplace for on-demand security and new yield options.
Designed for Settings
In addition to retail users, architecture also positions Flare and Moremarkets to attract institutional investors. Flare already works with preservators such as Bitgo, Fireblocks and Hex Trust, and the regulatory design of the regulations makes the XRP responsible for funds and companies that are looking for conforming, transparent yield options.
“This collaboration is a powerful validation of Flare’s mission: to bring smart contract functionality and Real-World data to the entire crypto ecosystem. Moremarkets builds a promising solution for XRP holders, and Flare offers the permissionless utility layer that drives the next phase of their fruit.”
Hugo Filion, co-founder and CEO of Flare
The future of XRPFI
The cooperation reinforces the emerging XRPFI movement on Flare and positions the network as the primary hub for XRP-based Defi. The rollout starts with FXRP support, followed by integration with Flare’s wider credit markets and ecosystem partners.
By simplifying the user experience while maintaining security on the chain, flare and morem markets are aimed at redefining the XRP revenue to transform a passively active active into an active part of Defi’s next chapter.
