Flare Network Simplifies XRP Access for Over 2 Billion Idle Assets

Flare Network has made significant strides in simplifying the use of XRP in decentralized finance (DeFi) with its recent collaboration with Xaman wallet. The integration has unlocked billions of idle XRP, making it easier for users to generate yields without having to navigate complex cross-chain steps.

The DeFi vault, introduced by Flare Network, consists of three infrastructure layers: FAssets, a wrapped version of XRP (FXRP); Flare Smart Accounts, which enable users to initiate DeFi actions from XRPL wallets; and Xaman wallet, providing a user-friendly interface for signing transactions.

The collaboration has also led to the creation of structured products and staking programs that utilize more than 60 million FXRP. This marks a significant milestone in the adoption of XRP in DeFi, with over 2 billion XRP now accessible through Xaman wallet.