MoreMarkets Newsroom
8 min read
•
Oct 17, 2025
MoreMarkets is pleased to announce the launch of the XRP Flare Account, the latest addition to our suite of XRP-focused accounts. Developed on Flare Network, this account provides a seamless vault experience designed to unlock the potential of the Flare XRPfi ecosystem for XRP holders.
The XRP Flare Account is tailored for users seeking access to Flare’s decentralized finance (DeFi) opportunities without the operational complexity. Navigating DeFi protocols, managing positions, and compounding rewards can be time-consuming. This account abstracts away that complexity, allowing XRP holders to access available APYs on the network with minimal interaction.
Our core focus is simplicity and security. The XRP Flare Account is a self-custodial, transparent solution. Users maintain full self-custody of their assets, and all strategies are executed 100% within the Flare ecosystem. Funds remain on the Flare network and are never bridged off-chain or used in centralized venues.
What Is the XRP Flare Account?
The XRP Flare Account is a self-custodial solution designed to enable XRP holders to earn yield via Flare's DeFi ecosystem. The account simplifies the XRPFi experience by abstracting away the complexities of DeFi. Assets deposited into the vault are automatically deployed into vetted DeFi strategies on Flare to generate yield, with all complex onchain interactions managed by the underlying infrastructure.
In Phase 1 (Now Live), the account focuses specifically on automated FXRP management. Users who have already bridged their XRP to FXRP via the FAssets system can deposit directly into the vault. The platform then optimizes yield generation across the Flare ecosystem on the user's behalf. Rewards generated are distributed monthly to the user’s Bifrost wallet in rFLR (reward FLR) and additional ecosystem protocol rewards.
In essence, the XRP Flare Account allows FXRP to earn interest without the holder relinquishing control of their assets or navigating complicated DeFi procedures. Future phases (detailed below) will integrate the streamlining of the bridging process (XRP to FXRP) and automated reward conversion.
Flare, FAssets, and the Expansion of XRPfi
Flare is a Layer-1 blockchain designed for data and interoperability. A key innovation is the FAssets protocol, which allows non-smart contract assets, such as XRP, to be used on the Flare Network in a trust-minimized manner.
XRP on Flare (FXRP) is a 1:1 representation minted when XRP is locked in a specialized escrow on the XRP Ledger (XRPL) between the minter and the agent. Because the XRPL does not natively support the complex smart contracts required for advanced DeFi applications, Flare serves as a utility layer, unlocking new opportunities for XRP utilization—a movement often referred to as XRPfi.
Through the FAssets system, XRP is never held by a centralized custodian. It remains locked on the XRPL, secured by over-collateralization and Flare’s enshrined oracles, providing a secure pathway for XRP holders to access DeFi yields.
Sources of Yield in the Flare DeFi Ecosystem
The yield generated by the XRP Flare Account is derived entirely from transparent, onchain activity within the Flare DeFi ecosystem; funds remain securely on the Flare network. Currently, the primary driver of returns is the rFLR incentive program, which rewards users for providing liquidity and participating in XRPFi. The MoreMarkets Curator actively deploys the pooled FXRP across various strategies to capture this yield and maximize returns. This includes lending assets on protocols like Kinetic to earn interest from borrowers, and providing liquidity to decentralized exchanges (DEXs) such as SparkDEX and Enosys to earn a share of trading fees. As the ecosystem evolves, future phases will integrate Firelight staking, allowing the vault to earn "real yield" by securing network services (Economically Secured Services).
Architecture Overview
The XRP Flare Account utilizes a sophisticated architecture to manage the cross-chain transfer and yield generation process seamlessly.
The Interface: Users interact with the MoreMarkets web application, connecting their XRPL and Flare-compatible wallet (e.g., Bifrost) to manage deposits and withdrawals.
FAsset System (Bridging): The vault utilizes FXRP, which is minted via the Flare FAssets system when XRP is locked on the XRPL. (Note: Integrated bridging allowing direct XRP deposits via the MoreMarkets UI is planned for Phase 2. In Phase 1, users must mint FXRP externally using one of the available minting dapps: Oracle Daemon; AU)
The Vault: FXRP is deposited into the MoreMarkets Vault, a smart contract on Flare. This vault pools assets and issues a receipt token representing the user's share.
Automated Strategy Management (The Curator): An automated controller, the Curator, manages how the vault's pooled FXRP is deployed across various Flare DeFi strategies (e.g., lending protocols or staking) to optimize yield generation safely and transparently.
Yield Distribution: Yields earned are consolidated and distributed to the user’s Bifrost wallet in rFLR (reward FLR) and additional ecosystem protocol rewards, following the Flare vesting schedule. Future enhancements will include integrations (e.g., NEAR Intents) to facilitate seamless cross-chain swaps, automatically converting the value back into XRP on the XRPL in later phases.
How It Works: A Streamlined Process
The XRP Flare Account simplifies the user journey into three main stages:
1. Deposit and Bridging
Prerequisite: Acquire FXRP: Users must first acquire FXRP by manually bridging their XRP using the FAssets system (e.g., via supported wallets or the FAssets dApp).
Connect Wallet: Users connect a Flare-compatible wallet holding FXRP to the MoreMarkets application.
Vault Deposit: The user initiates the deposit. The FXRP is transferred into the MoreMarkets XRP Flare Account vault, and the user receives a receipt token representing their claim.
2. Earning Yield (Automated)
Once deposited, the Curator module automatically deploys the pooled FXRP into vetted DeFi strategies on Flare.
Yield accrues from real DeFi activities, such as lending interest or staking rewards.
The system distributes all earned rewards in rFLR (reward FLR) and other ecosystem protocol rewards, following the Flare vesting schedule. Future phases will introduce automated conversion into XRP once those integrations go live.
Payouts are currently processed monthly and delivered automatically to the user's wallet.
3. Withdrawal
Request Withdrawal: The user initiates a withdrawal through the MoreMarkets App.
Unwinding Positions: The request enters a queue. The Curator unwinds the corresponding share of active positions to retrieve the FXRP liquidity back to the vault. (Withdrawals may be immediate if the platform's liquidity buffer is sufficient).
Claim: Once the FXRP is ready, the user confirms the claim. The system releases the FXRP (principal) back to the user's Flare wallet. (Note: Accrued yield is distributed separately during the monthly payment cycle).
(Note: To convert FXRP back to native XRP on the XRPL, users must currently use the external FAssets redemption process. Integrated redemption is planned for a later phase.)
Note: The entire process is self-custodial and onchain. The APY (Annual Percentage Yield) is variable and dependent on market conditions within the DeFi strategies utilized.
Launch Roadmap
The XRP Flare Account is being launched in a multi-phase rollout, starting with Phase 1.
Phase 1 (Live Now)
In the initial phase, users can deposit FXRP and begin earning yield immediately. Withdrawals are processed via a withdrawal queue. MoreMarkets utilizes a combination of a liquidity buffer and strategy unwinding to fulfill requests. This queued approach ensures an orderly process while managing liquidity carefully to balance access to funds with optimal yields.
Phase 2 (Coming Soon)
The next phase will focus on seamless onboarding by integrating the FAssets minting UI. Users will be able to initiate XRPL to Flare minting and deposit directly within the MoreMarkets application, significantly simplifying the process for native XRP holders to participate.
Phase 3 (Future Enhancements)
Future development will focus on deeper integrations and expanded strategy options. This phase will introduce on-demand, direct XRP redemption (Flare to XRPL), offering a seamless round trip. A key objective for Phase 3 is tighter integration with Flare's Firelight staking protocol. This will allow FXRP to be staked to secure network services (Economically Secured Services) in exchange for additional fee rewards, opening access to "real yield" from network activity.
Conclusion
The launch of the XRP Flare Account marks a significant step in making the growing XRP ecosystem more accessible. By leveraging Flare's smart contract capabilities, MoreMarkets is providing a crucial bridge for XRP holders to participate in the opportunities of decentralized finance without the associated complexity.
This account offers access to real, onchain yield paid in XRP through a secure, self-custodial framework. The XRP Flare Account provides a professional and streamlined solution for earning on XRP holdings.
The XRP Flare Account is now live. Visit the MoreMarkets app to get started.
