Overview
- FXRP launches as the first live FAssets instance, offering a one‑to‑one, over‑collateralized, non‑custodial representation of XRP minted via independent agents.
- Within hours of activation, more than $7.1 million in XRP entered Flare’s core vault, with minting live and trading available on SparkDEX, BlazeSwap and Enosys through wallets like Luminite and Oxen Flow.
- Liquidity is being bootstrapped via rFLR rewards directed to strategic pools, with some FXRP/USDT targets near 50% APR and allocations to Kinetic markets.
- Security measures include independent audits by Zellic and Coinspect, 24/7 monitoring by Hypernative, active bug bounties and prior testing on the Songbird canary network.
- Planned integrations include lending and stablecoin use, upcoming liquid staking via stXRP, and future FAssets expansions to Bitcoin and Dogecoin.