Flare CEO Reveals XRPFi Roadmap: Will XRP Price Follow Market Expectations?
Flare Networks co-founder and CEO Hugo Philion has announced the start of a six-month phase of large-scale integration that is expected to radically transform the XRP-based decentralized finance ecosystem, known as XRPFi.
The first technological updates will begin rolling out within the next two weeks, turning Flare into a fully programmable layer for the historically isolated XRP Ledger (XRPL).
Because XRPL was originally designed exclusively for fast payments and does not support smart contracts, billions of dollars worth of XRP have remained in wallets for years without any practical utility.
Flare is attempting to solve this problem through its FAssets system. Users can convert their coins into the wrapped FXRP token at a 1:1 ratio via hot wallets, gaining access to staking, liquidity pools, and on-chain lending.
Flare Networks co-founder and CEO Hugo Philion has announced the start of a six-month phase of large-scale integration that is expected to radically transform the XRP-based decentralized finance ecosystem, known as XRPFi.
The first technological updates will begin rolling out within the next two weeks, turning Flare into a fully programmable layer for the historically isolated XRP Ledger (XRPL).
Because XRPL was originally designed exclusively for fast payments and does not support smart contracts, billions of dollars worth of XRP have remained in wallets for years without any practical utility.
Flare is attempting to solve this problem through its FAssets system. Users can convert their coins into the wrapped FXRP token at a 1:1 ratio via hot wallets, gaining access to staking, liquidity pools, and on-chain lending.