DeFi @FlareNetworks // opinions expressed here are personal and not official statements of Flare
Joined July 2023
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Keep this in mind
Looking at this graphic, one detail can be easy to misread: FXRP is expanding across multiple EVM ecosystems.
That means some of the activity will naturally happen outside Flare.
On paper, that can sound counterintuitive.
But EVM DeFi already has deep liquidity, lending markets, incentives, vault curators and years of established activity.
Getting FXRP into those markets gives XRP immediate access to infrastructure that already exists instead of waiting for every opportunity to be rebuilt from zero.
That can drive more integrations, more liquidity and more demand for FXRP itself.
But the XRP-to-FXRP lifecycle still runs through FAssets.
XRP is minted into FXRP and redeemed back to XRP through Flare, with FAssets protocol fees feeding FIRE.
If FXRP becomes a standard way to use XRP across EVM DeFi, Flare can sit underneath a much larger XRP economy.
I completely faded @WisprFlow up until yesterday but since downloading I have used it for probably 8-10 hours
Originating permissionless XRP-collateralized loans via FSA is one of the most exciting things we've been working on internally @FlareNetworks. To keep the product fully decentralized and offer the cleanest user experience, this amendment needs 8 more votes, not too far off 👀
Looking forward to this one !!
FXRP is now collateral on @DeriveXYZ, and XRP options are live.
@wpr272 sits down with Derive's @dillonlin_ to break down what XRP holders can actually do with it: earn premium, hedge with puts, trade perps, permissionless and self-custodial.
Come through 👇
xitter.cf/i/spaces/1AKEmvNQXLXKL…
Is it just me or did the Phantom UX on mobile get 10x worse over the past several months? Finding it terribly difficult to navigate how to sell and send tokens to friends, as well as using dapps. Really feels like Rabby is the only wallet that doesn’t get notably worse overtime
Happy to join this spaces earlier today with a couple of our wallet partners to talk about our vault opportunities that are live today via Flare Smart Accounts, as well as the future of FSA. Some alpha in here for you guys :)
Flare’s reach continues to grow, as our chain is being integrated into leading data protocols every day. @Portals_fi is a hard working team growing their institutional data platform, and their yield explorer now shows our XRPFi and stablecoin yield opportunities in one click 👍👍
Portals now supports @FlareNetworks
Flare is an EVM-compatible L1 built around enshrined data infrastructure and the first non-custodial bridge for XRP, BTC, and DOGE into EVM DeFi.
• 155M+ FXRP minted, 85%+ actively deployed
• 880,000+ active addresses
• $128M in DeFi TVL
Explorer users can now browse Flare yield opportunities, track real-time APYs and TVL, and monitor wallet positions across the ecosystem.
DeFi builders get the full Portals API stack on Flare: asset discovery, real-time and historical data, any-to-any swap and zap execution, and wallet and portfolio queries.
Read on.
blog.portals.fi/portals-laun…
FXRP utility is expanding fast, not only on Flare, but across all the leading DeFi ecosystems :)
Your $XRP, put to work.
The cbXRP/FXRP pool is now live on @PancakeSwap.
Liquidity Providers now earn trading fees plus extra $USDC incentives, powered by @merkl_xyz.
Will retweeted
We have raised a $75M Series B from @IndexVentures and @usv, with continued support from @benchmark!
Will retweeted
Tune in tomorrow 8am EST on YouTube with @Jeff_OnTheChain
and @stephenchip
youtube.com/live/P9p_IeYPcao… – at Pine Island Ridge, FL
One of the best stablecoin opportunities in the DeFi space today 👀
Earn 14%+ on @USDT0_to on @FlareNetworks with the first vault operated on SuperformOS.
bizUSDT0 is an institutional-grade yield strategy that allocates across Flare lending markets, curated by @bizantinelabs.
Access it right now from any chain using any token on Superform.
As the largest @Spectra_Finance market expired on June 3rd, 4M+ in XRP-backed liquidity rolled over into a new stXRP market through the @GamiLabs MetaVault.
Historically, that moment was the friction point where LPs migrated manually, while TVL and liquidity depth took time to materialize in the new market.
This time, through Spectra MetaVaults on Flare, the rollover happened seamlessly at expiry with zero LP friction. The new yield market went live with mid-7 figures of liquidity and stickier TVL.
MetaVaults are turning XRP-backed yield on Flare into durable onchain financial infrastructure. Check Spectra's article below for more details :)
