Uphold and Flare Plan to Unlock Yield Potential for XRP

Flare and Uphold are teaming up to explore XRP yield through FXRP staking, with mainnet functions anticipated to go live soon.

Flare and Uphold announce a collaboration to explore future XRP yield and DeFi access through FXRP. XRP staking is not live yet, but Uphold users may quickly get access through Flare’s FAssets system. Flare Networks has announced a new partnership with Uphold, a crypto platform known for its user-friendly approach. With FAssets preparing for mainnet launch, this collaboration paves the way for XRPFi, bringing energy & DeFi access to Uphold’s active XRP community.

Turning XRP Into a Yield-Generating Asset: This feature allows XRP to be wrapped into FXRP, which can then be used for participating or staking in other DeFi activities on the Flare network. Flare’s robust technical structure is not only strong but increasingly robust to encourage large-scale utilization. In addition, last March, Flare surprised many by partnering with Google Cloud in the Verifiable AI Hackathon event.