The team behind Flare Network has announced an important integration that allows XRP holders to mint FXRP directly from their Xaman wallets
Specifically, Flare integrated the XRPL-based self-custody wallet into the Flare ecosystem today. This is part of a broader effort to expand XRP’s utility into decentralized finance (DeFi)
Following the integration, users can now deposit XRP directly through Xaman and mint FXRP, the wrapped version of XRP on the Flare blockchain, seamlessly within the wallet’s interface
He hinted that the team is currently working behind the scenes to enable full cross-chain ability for XRP holders, allowing them to interact freely with other blockchains through Flare
Co-founder Hugo Philion also expressed enthusiasm about the integration. He noted that the long-term goal is to eliminate complexity and make it easier for XRP holders to interact with the Flare network
Over $68M in XRP Deposited on Flare
Notably, the move comes nearly a month after Flare launched the FAsset project, granting XRP holders access to yield-bearing opportunities. At the time, the Flare team set a weekly cap of only 5 million FXRP
Overall, users have deposited 27.83 million XRP, worth $68.21 million, on Flare, which were used to mint FXRP. The Flare-based XRP wrapped version has a circulating supply of 28.5 million tokens.
Users who missed out on minting can obtain the FAsset on Flare’s decentralized exchanges, including SparkDEX and Enosys
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