Flare simplifies XRP access to DeFi with Smart Accounts v1.3 — one signature to mint FXRP and start earning
Flare has released Smart Accounts (FSA) v1.3, a usability-focused upgrade that lets XRP holders mint FXRP and deposit it into yield-generating vaults using a single XRPL wallet signature. The change removes many of the technical hurdles that have historically discouraged XRP users from participating in DeFi — no separate EVM wallet, no gas-token management, and no manual bridging required.
How it works
- Users pick a Flare vault, sign once with their existing XRPL wallet, and Flare completes the mint-and-deposit flow automatically.
- XRP remains secured on the XRP Ledger under FXRP’s 1:1 collateral model while Flare mints FXRP and deposits it into the selected strategy.
- The Flare Data Connector (FDC) verifies the XRPL transaction on Flare, allowing a smart contract linked to the user’s XRPL address to execute the requested actions on-chain.
Momentum and adoption
- Since February 2026, FXRP deployed in DeFi has grown nearly 75%, rising from 82 million to 144 million FXRP.
- More than 40 million XRP is currently earning yield through Flare Smart Accounts.
- Nearly 24,000 Smart Accounts have already been created.
“Millions of XRP holders have wanted access to DeFi, but the experience has been too complex,” said Filip Koprivec, CPO at Flare Network. “With Smart Accounts v1.3, users can go from XRP to yield with a single signature while remaining fully non-custodial.”
Less friction, same security
The update collapses a previously two-step XRPL signing flow into a single transaction while keeping assets non-custodial and on the XRPL. Behind the simplified UX, the FDC and smart contracts work together to validate the user’s XRPL signature and carry out minting and deposits.
New vault and strategy options
FSA v1.3 also expands yield options by adding the Clearstar Flare XRP Yield Vault. Flare users can now choose between two actively managed FXRP vaults with different strategies:
- Monarq XRP Yield Vault (operated by Monarq, majority-owned by FalconX): a hybrid strategy that combines options, basis trading, funding-rate capture, and on-chain DeFi tactics, with dynamic allocation adjustments as market conditions change.
- Clearstar Flare XRP Yield Vault: a fully on-chain approach that deploys FXRP across lending and liquidity protocols on Flare — including Avant and Euler — with every position publicly verifiable on-chain. Clearstar’s strategy has previously managed more than 33 million FXRP in deposits.
Wallet integrations and in-wallet UX
Flare is broadening wallet support to make FSAs more accessible, adding Ledger, Xaman, Joey Wallet, and WalletConnect (including Bifrost) alongside existing D’CENT integration. Joey Wallet now embeds Flare Smart Accounts directly as an in-wallet dApp, enabling users to mint FXRP and deposit into vaults without leaving the wallet. Joey Wallet highlights include sub-3-second onboarding and social login via Web3Auth.
“There’s a lot of overlap between the XRPL and Flare communities, so integrating Flare Smart Accounts just made sense,” said Christopher Troia, Co-Founder of Joey Wallet. “It brings a breath of fresh air for XRP holders, letting them start putting their XRP to work in a seamless way.”
Get started
XRP holders can access the vaults at fsa.flare.network/vaults or through supported wallets such as Joey Wallet, Xaman, and D’CENT.
Disclaimer
This article is for informational and educational purposes only and does not constitute investment advice. Content provided by third parties is not endorsed by this publication. Users should conduct their own research before taking any action.
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