Overview
- Xaman confirmed an agreement with Flare that enables a single-transaction deposit of XRP into curated vaults on Flare.
- More than 2 billion XRP, roughly 3.5% of supply and about $3 billion in value, currently sit idle in Xaman wallets outside DeFi.
- The workflow removes new-wallet setup, manual bridging, and separate gas tokens by keeping approvals under XRPL credentials through Flare Smart Accounts.
- FAssets provide a wrapped representation of XRP on Flare while the Data Connector verifies requests and Smart Account controllers mint, allocate, and handle yield distribution.
- Vault strategies are managed by Upshift and curated by Clearstar, with yields undisclosed, as FXRP supply tops 100 million and over 60 million are already deployed.