XRP, one of the world’s largest cryptocurrencies, has long been on the sidelines of decentralized finance (DeFi). Unlike Ethereum or Solana, the XRP Ledger lacks native smart contract support, leaving holders with few ways to earn yield without relying on custodians or bridges.
A new partnership between blockchain infrastructure provider Flare and yield platform MoreMarkets aims to change that. The companies announced plans for the XRP Earn Account, a service designed to give users access to yield opportunities while keeping control of their assets. Through the integration, MoreMarkets will run its strategies directly on the Flare network.
How It Works
The service works by converting XRP into a Flare-based token called FXRP through the network’s FAssets protocol.
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MoreMarkets then automatically deploys FXRP into strategies such as lending or liquid staking through Flare’s Firelight protocol. All rewards are converted back into XRP and distributed directly to the user’s wallet.
Flare says the process is fully non-custodial, with transactions validated by its on-chain oracles. Unlike earlier approaches that required centralized custodians and exposed users to counterparty risk, the system relies on a collateralized bridge structure.
Institutional Focus
The initiative is also designed with institutional adoption in mind. Flare points to integrations with custodians, including BitGo, Fireblocks, and Hex Trust, as evidence that the system can meet professional security and compliance standards.
Firelight is expected to expand over time, offering liquid staking tokens and vaults tied to “economically secured services,” a mechanism for providing guarantees to DeFi applications.
Why This Matters
XRP remains one of the most actively traded digital assets but has been underrepresented in DeFi markets. By opening access to yield-generating strategies in a non-custodial environment, the Flare–MoreMarkets partnership could broaden XRP’s role beyond payments and attract both retail and institutional demand.
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People Also Ask:
XRP is one of the world’s largest cryptocurrencies by market value. It is mainly used for payments and cross-border transfers.
The XRP Ledger does not support smart contracts. This makes it harder for XRP holders to use decentralized apps or earn yield directly on-chain.
It is a new service launched by Flare and MoreMarkets. It allows XRP holders to earn yield while keeping control of their assets.
The partnership may expand XRP’s use beyond payments, opening access to yield-generating strategies and attracting more retail and institutional adoption.
