XRP holders now have a way to earn yield without selling their tokens or navigating complex DeFi strategies, with data-focused blockchain Flare’s earnXRP, an fully on-chain yield product denominated in XRP. The new vault allows users to deposit FXRP, a one-to-one representation of XRP on Flare, and earn returns that are compounded back into XRP, according to a press release.
Instead of juggling multiple protocols, users make a single deposit and receive earnXRP, a receipt token that tracks their share of the vault and its accumulated yield. Behind the scenes, the vault spreads funds across a mix of strategies, including XRP staking, liquidity provision and carry trades that borrow low-cost stablecoins and deploy them into higher-yield venues.
