Headline: Flare, Upshift and Clearstar Launch earnXRP — an on-chain, XRP-denominated yield product
Flare Network has unveiled earnXRP, a new yield product built with Upshift and Clearstar that lets XRP holders earn returns without selling their tokens. The offering aims to fill a long-standing gap in XRP’s ecosystem, where captureable on-chain yield has largely required swapping into stablecoins or other assets.
What earnXRP does
- earnXRP is built on Flare’s FAssets system, which represents XRP as FXRP on Flare on a 1:1 basis.
- Users deposit FXRP into an on-chain vault. That vault deploys funds across yield-generating strategies while handling strategy execution, rebalancing and compounding automatically.
- In exchange, depositors receive an earnXRP receipt token that tracks their deposited FXRP plus any yield accrued — with earnings fully denominated in XRP.
- Withdrawals are redeemable on demand: earnXRP tokens are burned and FXRP is returned to the user’s wallet.
Why it matters
- FXRP brings XRP into the wider DeFi stack (it’s an ERC-20 representation that unlocks smart-contract utility not available on the XRP Ledger alone).
- According to the project, only about 0.1% of XRP’s supply is currently utilized in DeFi despite XRP being one of the largest cryptocurrencies by market cap. earnXRP aims to give holders a simple, native-denominated way to earn yield on their XRP exposure rather than moving into other assets.
Comments from partners
- “Users have not had an easy way to capture sustainably high returns. 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: muted so far
- Despite the utility-focused launch, XRP’s price showed little movement in response. XRP has traded in a narrow range recently — roughly $1.83 to $1.88 — and was around $1.87 at the time of the announcement.
- The muted reaction suggests the token’s near-term price trajectory remains driven by broader market sentiment and macro factors rather than single-project news.
Bottom line
earnXRP is one of the first on-chain products to let XRP holders earn yield without exiting their XRP position, streamlining DeFi participation through FXRP and vault automation. While the market hasn’t yet priced the news into XRP’s price, the product could expand real utility for XRP holders if adoption grows.
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