XRP Holders to Access DeFi on Flare via Seedless Wallet and FXRP Integration
XRP holders are about to gain direct access to decentralized finance (DeFi) on the Flare Network, thanks to upcoming support for FXRP via the FAssets protocol. The integration will allow XRP to be wrapped and deployed across staking, liquidity, and synthetic asset platforms within the Flare ecosystem.
At the center of this push is Luminite, a newly launched non-custodial wallet that eliminates traditional hurdles like seed phrases. Instead, it uses modern authentication methods such as biometrics, passkeys, and email logins — a move designed to make DeFi more accessible to mainstream users.
“By removing complex barriers of entry, we’re enabling everyone from crypto newcomers to experienced holders to tap into Flare’s full DeFi potential,” said the Luminite team.
Built using Turnkey’s embedded infrastructure, Luminite also includes fiat on-ramps like Topper, allowing users to buy FLR and XRP directly within the wallet. From there, users can stake assets, swap tokens, mint synthetic FXRP, and bridge across chains using tools like Stargate — all from a single interface.
The ability to wrap XRP into FXRP is expected to launch in the coming months. This could prove pivotal for XRP’s on-chain utility, encouraging users to stay within Flare rather than moving to external networks.
However, long-term success will depend on sustained growth in total value locked (TVL), strong developer adoption, and incentive models that keep users engaged — benchmarks already established in ecosystems like Ethereum and Solana.
Beyond the wallet and FXRP rollout, Flare continues to evolve rapidly, with new protocol launches, infrastructure upgrades, and growing interest in tokenized assets pointing to a broader DeFi strategy in motion.
