Flare’s XRP DeFi Initiative Thrives with $10M in Yield Vault TVL

TLDR

• Flare has successfully bridged over 91 million XRP tokens to its decentralized finance platform.
• More than 75% of the bridged XRP tokens are actively deployed on-chain.
• The Flare XRP Yield Vault has reached $10 million in total value locked within 30 days.
• The vault offers automated yield strategies and structured risk controls for XRP holders.
• Flare’s approach gives XRP holders access to multiple yield-bearing opportunities, which were previously unavailable.

Flare Networks has shown impressive growth in its XRP-based decentralized finance (DeFi) initiative. The project, which launched only a few months ago, has already bridged over 91 million XRP tokens. This surge reflects the increasing interest and participation in the yield-bearing opportunities now available for XRP holders.

Users Bridge Over 91 Million XRP to Flare

Since its launch, Flare has transformed XRP from an underutilized asset into a key player in DeFi. The platform reported that users have bridged approximately 91.69 million XRP tokens onto its network. Of this total, around 75% are actively deployed on-chain, showcasing growing engagement and confidence in the platform.

Flare’s vault now holds 90.55 million XRP, worth about $173.61 million. Total inflows into the vault have surpassed 95 million XRP, while roughly 5.36 million XRP have exited the vault. The vault’s success highlights the growing demand for yield-bearing opportunities in the XRP ecosystem.

XRP DeFi Sees Rapid Growth on Flare

Flare’s emergence as a leading platform for XRP DeFi is becoming more evident as the initiative continues to expand. The newly launched Flare XRP Yield Vault, which offers automated yield strategies and risk controls, has exceeded $10 million in total value locked (TVL) within just 30 days. The vault is set to grow significantly as more users participate in XRP yield-bearing opportunities.

By bridging their XRP into Flare’s vault, users can mint FXRP, a wrapped version of XRP, which can then be used across various DeFi protocols. This gives XRP holders access to multiple ways to earn returns, a feature that was previously unavailable to them. As the DeFi landscape continues to evolve, Flare’s approach is positioning itself as a key player for XRP holders seeking yield options.

Flare’s XRP Yield Vault Gains Attention

Flare has also attracted attention from other projects, including Cardano founder Charles Hoskinson. He has indicated plans to improve yield opportunities for XRP holders in the coming months. As more initiatives enter the space, XRP holders will likely see an increase in yield strategies available to them.

With total reserves standing at 91.69 million XRP, worth approximately $175.81 million, Flare maintains a strong 100.02% reserve ratio in its FXRP holdings.

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