Flare Network has launched a new yield product — earnXRP — in partnership with Upshift and Clearstar, giving XRP holders a way to earn returns without selling their tokens.
What it is
- earnXRP is billed as the first on-chain yield solution fully denominated in XRP. It’s built on Flare’s FAssets framework, which represents XRP as FXRP on Flare on a 1:1 basis, unlocking DeFi utility that isn’t available on the XRP Ledger alone.
- To earn, users deposit FXRP into an on-chain vault where assets are deployed across yield-generating strategies. In exchange they receive an earnXRP receipt token that tracks their original FXRP plus any accrued yield — all denominated in XRP.
- The vault automates strategy execution, rebalancing and compounding, simplifying DeFi participation. Withdrawals can be made any time: the user’s earnXRP is burned and the equivalent FXRP is returned to their wallet.
Why it matters
- Historically, XRP holders who wanted yield often had to convert into stablecoins or other assets. earnXRP addresses that gap by keeping yields in XRP.
- Adoption in DeFi has been small: only about 0.1% of XRP supply is currently used in DeFi, despite XRP being the fifth-largest cryptocurrency by market cap. “We’re excited to work with Flare and Clearstar to unlock XRP yield using the new Flare XRP Yield vault,” said Ethan, Growth Lead at Upshift.
Market reaction
- The launch has so far produced a muted price response. XRP has been rangebound in recent sessions, trading around $1.87 and oscillating roughly between $1.83 and $1.88. Broader market and macro sentiment remain the dominant forces weighing on price action across the sector.
Bottom line
earnXRP expands how XRP can be used — offering a native-denominated yield product without forcing holders to exit into other assets. Whether it drives meaningful DeFi uptake for XRP will depend on adoption of FXRP flows and how market conditions evolve.
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