More than 2 billion XRP tokens—about 3.5% of the circulating supply—are effectively idle, representing roughly $3 billion in sidelined liquidity. The issue isn’t XRP’s price; it’s usability. A sizable share of these tokens remains in Xaman wallets, detached from DeFi opportunities due to barriers around bridging assets, managing multiple wallets, and handling gas fees across blockchains. That scenario may change as Xaman partners with Flare to streamline XRP’s DeFi access through a single-transaction workflow embedded in the Xaman wallet.
The goal is to remove friction and unlock XRP liquidity without forcing users to exit familiar ecosystems. Central to the system are FAssets, which create a trust-minimized, wrapped XRP on Flare to interact with smart contracts and DeFi protocols. Flare Smart Accounts remove the need for a second wallet by letting users authorize transactions with their XRPL credentials. Xaman serves as the user-facing layer, integrating functionality directly into its wallet interface.
Behind the scenes, Flare’s Data Connector validates transactions, while Smart Account controllers mint wrapped XRP, allocate assets into curated vault strategies, and distribute yields. Vault strategies are managed by Upshift and curated by Clearstar, focusing on lending markets, collateralized positions, and structured DeFi products. Although yield targets are not disclosed yet, early traction is evident. Flare’s FXRP has surpassed 100 million in minted supply, with over 60 million deployed in staking and structured products.
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