Overview
- Flare, in a Tuesday launch, linked D’CENT’s hardware wallets to its XRP yield vaults so users can deposit without creating a new wallet or buying a gas token.
- The XRP Alliance debuted with partners including D’CENT, Doppler, Banxa, and Squid and opened a 0% platform fee window for D’CENT users through June 8.
- Two vaults are live at launch: Monarq’s product targeting 3% to 4% using options and basis trades, and Clearstar’s earnXRP vault that auto-compounds returns on-chain.
- Early uptake was strong as the earnXRP vault hit its 25 million XRP cap in a week, paid about 3.4% APY, and drew roughly 5,400 users, with most new to DeFi.
- Smart Accounts mint wrapped FXRP and route deposits in one flow with two signatures on the XRP Ledger, while the strategies still carry smart-contract and impermanent loss risks.