Flare and Xaman unlock one-click DeFi access for over 2 billion XRP sitting idle in wallets

Flare and Xaman have partnered to simplify decentralized finance (DeFi) access for XRP holders, addressing the issue of over 2 billion XRP tokens (valued around $3 billion) being largely inactive outside of DeFi due to complexity. The new integration uses three components: FAssets to create a trust-minimized wrapped version of XRP on the Flare blockchain; Flare Smart Accounts to let users authorize transactions using existing XRPL credentials instead of managing new private keys; and Xaman acting as the front-end interface within the existing wallet. This setup compresses the complex process—which usually involves bridging, acquiring gas tokens, and navigating multiple applications—into a single transaction where users can deposit XRP directly into yield-generating vaults managed by Upshift and curated by Clearstar. Founder Wietse Wind stated this allows users to explore DeFi options while maintaining control of their keys, potentially turning passive holdings into productive capital.

(Source：CoinDesk)