Flare Networks says it has turned a chunk of XRP from an idle holding into something that can earn returns. According to Flare, roughly 91.69 million XRP have been bridged onto its network. About 75% of that stock is said to be actively put to work onchain.
Reports say the Flare vault system shows 90.55 million XRP in its core vault after inflows and outflows were counted, and the FXRP wrapper is reported to hold 91.67 million tokens with a 100% reserve ratio. The new Flare XRP Yield Vault crossed $10.54 million in TVL inside 30 days. That last figure is quick growth for a product aimed at XRP holders who until now had few options for earning yield.
The Flare XRP Yield Vault is powered by Upshift’s modular vault infrastructure, bringing automated strategy execution, risk frameworks, and scalable yield to XRP. The high deployment rate suggests participants are not simply parking assets to chase an easy bonus. Reports note that other firms have adopted similar models, with Axelar and Hex Trust issuing wrapped XRP tools that earn returns when deployed.
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