#Flare just dropped a major DeFi upgrade: FXRP is now live on the Songbird network — fully trustless, uncapped, and powered by FAssets v1.1.
At the heart of it is the Core Vault, a new system that lets agents post XRP and mint FXRP using on-chain collateral — no custodians or middlemen involved. That means users can now mint as much FXRP as they want, as long as agents keep up with collateral requirements. Yes, #DEFİ just got real for #XRP holders.
Here’s how it works:
Send XRP to a registered agent
They post FLR as collateral on Songbird
FXRP gets minted directly to your wallet
Community pools can boost security and earn fees
Flare is also airdropping $135,000 in rFLR on May 28 to the 10,000 most active FAssets users on Coston and Songbird. If you’ve staked, delegated, or tested the system — check your wallet soon.
Old FXRP? No worries. It upgrades automatically. FDOGE, however, is being phased out, so stay updated.
Why it matters: This isn’t just about XRP — it’s a step toward a DeFi ecosystem where real assets move freely, trustlessly, and at scale. Mainnet support is coming next, and restaking protocols are already on the horizon.
This is FXRP, reimagined.