XRP news: Ripple-linked token holders can now earn yield without selling
Flare launched earnXRP, an on-chain product allowing XRP holders to earn yield by depositing FXRP into a vault.Summary
Data-focused blockchain Flare has introduced earnXRP, a fully on-chain yield product denominated in XRP, enabling holders to earn returns without selling their tokens or engaging in complex DeFi strategies. Users deposit FXRP, a one-to-one representation of XRP on Flare, into the earnXRP vault and receive a receipt token tracking their share and accumulated yield, which is compounded back into XRP. The vault employs various strategies, including XRP staking, liquidity provision, and carry trades using stablecoins. This launch is significant because it targets XRP holders seeking yield without stablecoin exposure or active trading risk, aiming to increase on-chain activity and strengthen Flare's FAssets system by utilizing idle XRP.
(Source：CoinDesk)