Flare to Unlock DeFi Access for XRP Holders Through Seedless Wallet and FXRP Integration
XRP holders are on the verge of gaining seamless access to decentralized finance (DeFi) on the Flare Network, as the blockchain prepares to activate support for FXRP via its FAssets protocol.
The new functionality will allow users to wrap XRP into FXRP, enabling participation in staking, liquidity provisioning, and other DeFi services directly on Flare — without the need to bridge to other chains.
Spearheading this user-friendly rollout is Luminite, a newly launched non-custodial wallet that eliminates the need for seed phrases. Instead, users can log in using biometrics, passkeys, or email authentication, thanks to wallet infrastructure provided by Turnkey.
“By removing complex barriers of entry, we’re enabling anyone—from first-time users to seasoned crypto holders—to access the full power of the Flare ecosystem,” said the Luminite team. “Our goal is to make DeFi approachable for everyone.”
Luminite also includes integrated fiat on-ramps like Topper, making it simple to acquire FLR and XRP before engaging with Flare-based DeFi protocols. Users can stake tokens, perform swaps, mint synthetic FXRP, and bridge assets across chains using Stargate — all within the ecosystem.
The ability to wrap XRP into FXRP is expected to go live in the coming months. Once deployed, it will allow holders to unlock on-chain yield and DeFi tools natively, without needing to exit the Flare network.
Whether this strategy leads to long-term adoption will depend on key metrics such as total value locked (TVL), developer engagement, and ecosystem incentives — particularly as Flare competes with established networks like Ethereum and Solana.
The broader rollout comes amid growing momentum in the XRP and Flare ecosystems, and may serve as a catalyst for expanding the utility and stickiness of XRP in on-chain finance.
