Flare Network has launched earnXRP, a new on-chain vault that allows users to generate yield denominated in XRP through a collaboration with Upshift and Clearstar Labs.
The product enables participants to deposit FXRP, a token that represents XRP on a 1:1 basis, into a single platform that deploys capital across multiple smart contracts. In return, users receive earnXRP tokens, which represent the deposited FXRP plus the yield generated over time.
The model combines staking and liquidity provisioning on automated market makers, with returns automatically compounded back into XRP. By distributing capital simultaneously across several smart contracts, the structure is designed to optimize returns without requiring users to execute complex DeFi strategies. All activity is fully on-chain, allowing every transaction to be publicly verifiable and transparent.
For withdrawals, the platform relies on Upshift’s infrastructure. Users can exit in a single step, as earnXRP tokens are burned and the compounded XRP is returned directly to their self-custodial wallets. The launch marks a new phase for XRP-focused yield generation within decentralized finance.
Source: Flare Network (official announcement)
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