Flare has officially launched FXRP v1.2, marking the arrival of FAssets on its mainnet. This rollout allows XRP holders to mint FXRP and deploy their assets in decentralized finance.
It signals what many are calling the start of an XRP DeFi awakening, with XRP no longer limited by the absence of smart contract functionality.
FAssets are Flare’s answer to enabling non-smart contract tokens like XRP to participate in decentralized ecosystems.
Through a one-to-one representation system, XRP can now be converted into FXRP and integrated into lending, trading, stablecoin creation, and staking.
The process relies on an overcollateralized framework of independent agents, backed by Flare’s data protocols, ensuring security while enabling full composability.
Once created, FXRP can seamlessly move across the Flare DeFi network, acting as a native building block for multiple platforms.
FAssets undergo four independent audits
The team behind Flare has prioritized security in every step of this launch.
FAssets, which manage high-value transactions such as collateral management and cross-chain minting, have undergone four independent audits by firms including Zellic and Coinspect.
In addition, Flare has implemented Immunefi-powered bug bounties and engaged the Code4rena community for reviews.
Around-the-clock monitoring is provided by Hypernative, with rapid response measures in place to counter threats.
These multiple security layers are designed to satisfy both retail users and institutional participants, who demand not only initial audits but continuous assurance.
The Flare Foundation has emphasized its commitment to building scalable safeguards, ensuring that FXRP remains a reliable and secure tool for DeFi growth.
XRP holders can mint FXRP via Flare-compatible wallets
XRP holders now have several ways to gain access to FXRP. The most direct option is minting by transferring XRP from the XRP Ledger to a Flare-compatible wallet such as Ledger or Bifrost, then minting FXRP through services like AU or Oracle Daemon.
For users preferring direct swaps, FXRP is also available on decentralized exchanges like SparkDEX, BlazeSwap, and Enosys.
Wallets such as Luminite and Oxen Flow have further simplified the process, providing built-in swaps, staking options, and cross-chain bridging.
Launch incentives are set to accelerate adoption. Pools on SparkDEX, BlazeSwap, and Enosys will offer APRs as high as 50%, while Kinetic will host targeted FXRP supply pools.
These rewards are designed to strengthen liquidity and attract users into Flare’s growing DeFi ecosystem.
With upcoming integrations like stXRP and new yield markets, Flare is positioning XRP as a central asset in cross-chain decentralized finance.