Flare has partnered with self-custodial yield platform MoreMarkets to introduce the “XRP Earn Account,” a secure, non-custodial solution that enables XRP holders to earn on-chain yield with minimal friction. The product eliminates the need for bridges or complex DeFi setups, offering users an intuitive way to engage with decentralized finance directly from their XRPL wallets.
A Simpler Path to Earning Yield on XRP
Through this collaboration, MoreMarkets users can bridge XRP directly from their XRPL wallets using a built-in interface. This triggers a transfer to Flare’s native FAssets protocol, where the XRP is converted into FXRP—a 1:1 collateralized representation secured by Flare’s on-chain oracles.
Once minted, FXRP is automatically deployed by MoreMarkets across Flare’s DeFi ecosystem, including liquid staking protocols like Firelight. Users don’t have to manage any technical components—yield is generated behind the scenes and returned to users as XRP directly in their wallets.
Key features include:
Non-custodial design: Users retain full control over their assets throughout.
Automated yield generation: MoreMarkets handles the technical workflows, including staking and lending.
Yield paid in XRP: Rewards are converted and distributed in native XRP for convenience.
What Sets It Apart from Other Yield Platforms
The XRP Earn Account offers a seamless and fully on-chain experience, contrasting sharply with existing custodial or off-chain solutions. Unlike other platforms that require third-party trust or exposure to multiple chains, this integration relies entirely on Flare’s native infrastructure, ensuring transparency and security.
Additional differentiators:
Secure Bridging via FAssets: The FAssets protocol ensures that native XRP never leaves XRPL. Instead, FXRP is minted as a fully collateralized synthetic asset on Flare.
Firelight Protocol: Users gain access to liquid staking and Firelight Points during phase one. In later iterations, users can earn fees by staking into vaults that secure high-impact DeFi services.
Built with Institutions in Mind
The collaboration aligns with institutional expectations around compliance, custody, and transparency.
Regulatory alignment: Flare’s partnerships with BitGo, Fireblocks, and Hex Trust provide infrastructure that meets institutional custody standards.
Transparency: The FAssets bridging process is verifiable on-chain, eliminating centralized risk.
Security: Flare’s oracle-secured architecture enables trust-minimized operations from bridging to yield generation.
Building the XRPFi Ecosystem on Flare
This integration is part of a broader push to establish Flare as the leading infrastructure layer for XRP-based DeFi—or “XRPFi.” According to Hugo Philion, Co-founder and CEO of Flare:
“This partnership is a powerful validation of Flare’s mission: to bring smart contract functionality and real-world data to the entire crypto ecosystem. MoreMarkets is tapping into our permissionless infrastructure to make XRP truly programmable.”
Altan Tutar, CEO of MoreMarkets, added:
“Our mission is to make idle assets work for their holders without the headaches of DeFi. The XRP Earn Account already serves hundreds of users, and Flare integration opens up a new chapter in on-chain yield.”
MoreMarkets’ rollout will start with FXRP support and expand to include additional Flare-based lending and DeFi protocols.
About MoreMarkets
MoreMarkets is a non-custodial platform designed to help users earn passive yield on their crypto assets without directly engaging with complex DeFi mechanics. The XRP Earn Account is already live, offering weekly payouts in XRP.
Website: moremarkets.xyz
Twitter/X: @moremarketsxyz
Discord: discord.gg/moretown
