TL;DR:
- Flare, Monarq, and Upshift launched MXRPY, a multi-strategy yield vault for XRP holders with a cap of 500,000 FXRP.
- The vault deploys capital across three categories: options trading, rate arbitrage, and native XRPFi strategies within the ecosystem.
- The target yield sits between 3% and 4% APY. Weekly withdrawals will take place every Friday, with an instant redemption option subject to a fee.
Flare, together with Monarq Asset Management and infrastructure provider Upshift, launched MXRPY, an XRP-denominated multi-strategy yield vault. The product targets XRP holders seeking diversification through a unified structure, without having to manage multiple positions manually.
To access the vault, users deposit FXRP —the representation of XRP within the network’s ecosystem— and receive MXRPY tokens that credit their deposited capital plus accrued yield. The vault operates with an initial cap of 500,000 FXRP and targets an annual return of between 3% and 4%, distributed based on strategy performance and market conditions.
MXRPY is live.
XRP yield across three distinct strategies: institutional options, basis/funding rate capture, on-chain XRPFi.
Managed by @Monarq_mgmt × @FalconXglobal, on @upshift_fi vault rails.https://t.co/EScWddR4hc pic.twitter.com/LOCTQTjV2U
— Flare ☀️ (@FlareNetworks) May 15, 2026
Three Yield Engines for the XRPFi Ecosystem
Captured capital is allocated across three strategic categories. The first uses XRP as collateral to support options positions through FalconX infrastructure, with execution on platforms such as Deribit and OTC structured products. The second applies funding rate arbitrage and market-neutral basis strategies, executed with borrowed stablecoins across reference crypto markets. The third allocates a portion of capital to native Flare opportunities within the XRPFi ecosystem, including lending markets, liquidity strategies, and other FXRP-based DeFi applications.
Flare Will Develop an App to Connect XRPL Wallets Directly
Shiliang Tang, managing partner at Monarq Asset Management, noted that “a real financial system needs a menu with more options” and positioned MXRPY as one of those alternatives for XRP holders. For his part, Ethan, head of growth at Upshift, indicated that the launch of the Clearstar EarnXRP vault had already proven that real demand existed for XRP-denominated vaults within Flare, and that MXRPY enhances that model with a differentiated strategy profile.
Withdrawals are processed on a weekly cycle every Friday, though an instant redemption option is available subject to a fee. Looking ahead to the coming months, the partners plan to develop a standalone application that will allow users to connect XRPL wallets directly and allocate capital through a single-signature flow enabled by Flare Smart Accounts.
