The technical pathway for the new XRP Earn Account yield strategy is structured as follows: through the FAssets system, which is integrated into MoreMarkets, XRP is minted as FXRP, which can be deposited into ERC-4626 or BoringVault-style vaults managed by experienced onchain strategists. This FXRP will harness yield opportunities within Flare’s DeFi ecosystem by participating in LP DEX pools, borrowing/lending markets, and perpetual trading. Users can further stake FXRP in Firelight’s vaults, issuing a liquid staking token stXRP backed 1:1 by FXRP, which can then be further deployed in Flare dApps such as yield trading markets to generate additional returns. In addition to DeFi strategies, users' staked XRP contributes to the security of Economically Secured Services (ESS) via Firelight. This means their XRP can be used to secure decentralized services both on, and potentially, outside of the Flare network. In return, users earn additional rewards directly from the fees paid by these services. This represents a direct utility and real yield derived from users’ idle XRP.

MoreMarkets will aggregate all points, incentives, and yield generated on Flare, then convert and distribute them denominated in XRP, to the user. This abstracts away DeFi complexity while ensuring users simply receive onchain and real yield in XRP. 

The rollout will begin with FXRP support, followed by access to additional Flare lending markets

“Our mission is to make idle assets work for their holders without the headaches of DeFi. The XRP Earn Account is already delivering yield to hundreds of early adopters, and adding Flare gives them another high-quality path to earn. Same interface, now with expanded strategies and more ways for XRP to create value.”

Altan Tutar, Co-founder and CEO of MoreMarkets

“Flare’s XRP staking solution is built to be institutional-grade. It emphasizes regulatory alignment, security, and institutional-grade custody through partners like BitGo, Fireblocks, and Hex Trust.

This focus on compliance and security is what makes it attractive to large funds and institutions, like the NASDAQ-listed company VivoPower, which announced a $100 million XRP deployment on Flare with plans to generate yield by utilizing the Flare DeFi ecosystem.

Now, with our partnership with MoreMarkets, this institutional-grade staking solution is accessible to even more XRP holders. We’re thrilled that MoreMarkets is using our core infrastructure to enable a new generation of "XRPFi" that is both secure and truly decentralized.”

Hugo Philion, Co-founder and CEO of Flare