Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
XRP takes real step into DeFi with Flare’s FAssets upgrade
By: cryptosheadlines|2025/05/15 04:30:08
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Flare rolls out an alternative way to give XRP DeFi capabilities, without the risks of traditional blockchain bridges. Flare (FLARE) has launched a major upgrade that will enable traders to use real XRP (XRP) tokens in DeFi. On Wednesday, May 14, Flare launched its FAssets on Songbird, bringing non-smart contract assets to DeFi, according to a note shared with crypto.news. The network will allow users to perform complex DeFi operations with assets such as Bitcoin (BTC) and Dogecoin (DOGE). The first asset that will be available on the platform is XRP, as its associated Core Vault is now available on the XRP Ledger. Core Vaults are a mechanism that links assets such as Bitcoin or XRP to smart contract platforms, without requiring users to give up custody over their assets. Once the collateral is locked up in these non-custodial Vaults, the smart contract automatically issues equivalent tokens such as FXRP. “This upgrade is ultimately about giving XRP real utility. XRP is the third-largest crypto asset, excluding Tether—it’s a vast asset. It would be idiotic for us not to build a protocol that serves it. FXRP isn’t just a wrapper—it’s how XRP becomes usable in a composable DeFi world”Hugo Philion, Co-founder and CEO of Flare.With this upgrade, users will be able to use XRP in DeFi operations, including lending, borrowing, yield farming, and staking. What makes Flare’s FXRP different?The key difference between Flare’s FXRP and similar bridged assets is in the custody and security. Previously, bridged assets have been a major source of security risks in the past. Because users have to give custody over their assets to a third party, cross-chain bridges were prone to exploits and rug pulls. According to a report by Chainalysis, cross-chain bridges accounted for over $1 billion in losses due to security breaches in 2022. Due to the custody issue, as well as the technical complexity involved, bridges accounted for 70% of all the losses in the crypto space. Source link
You may also like
From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy
Embracing the Era of Super Individuals: GOAT Network launches Bitcoin-secured Layer 2 exclusive infrastructure, fully empowering AI entities to usher in a new era of fully automated digital economy.
CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States
CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...
Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options
Overview of Important Market Events on March 23
Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns
From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...
Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy
AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.
Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis
With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.
Zuckerberg is building an AI agent to help him as CEO
Zuckerberg is reported to be personally developing a "CEO proxy" to accelerate information acquisition and reduce management layers.
Bloomberg: Swiss Private Bank Old Guard Rifts, Is Bitcoin the Spark?
For Marc Syz, this is both a bet on the digital asset track and a complete break from Switzerland's long-established private banking dynasty.
Zuckerberg is building an AI assistant to help him be CEO
Mark Zuckerberg has been reportedly personally developing a "CEO Proxy" to speed up information flow and reduce management layers.
Join WEEX AI Wars II: How WEEX API, Trader Skills Empower AI Trading Innovations
Join WEEX AI Wars II and be part of a global AI trading revolution. Compete with top AI agents and bots, showcase your strategies, and leverage WEEX API and Trader Skill to innovate, automate, and gain exposure in the AI trading ecosystem. Onboard your AI agent to WEEX AI Wars II NOW.
What kind of scenario will Backpack's TGE today play out in the bear market opening?
Currently, the Polymarket market gives an 87% probability to the event of its fully diluted valuation surpassing $200 million on the day after its launch.
Polymarket Ten Million Dollar Winner Retrospective: 40 Addresses, 100,000 Transactions, Only Three Ways to Make Money
The difference between the three is not in the parameters, but in playing entirely different games.
The Most Brutal Single-Month Plunge in 43 Years, Gold's Every Top Looks Like This
In the first three peaks, the central bank was not a net buyer of gold
Jiang Xueqin's Latest Interview Transcript: How to View the Current Global Changes
Iran's Next Move, Trump's War Plan, and Israel's Plot to Sabotage It
Maximize Your USDT Yield: The Weex Auto Earn Strategy for Passive Crypto Income
Learn how to earn interest on USDT with WEEX Auto Earn. Discover how stablecoins can generate passive income and why some platforms now offer up to 300% APR.
1 million investment yields over 1 billion return, Airwallex co-founder Liu Yueting reviews key life investments
At 25, all in with millions of dollars, at 34 worth 3 billion, Lucy Liu, co-founder of Airwallex, shares her ten-year wealth creation logic: betting on the right track, building a deep moat with licenses, and fully embracing AI intelligent finance by 2026.
Polymarket Millionaire Review: 40 addresses, 100,000 transactions, only three ways to make money
The differences between the three categories are not due to different parameters, but rather because they are playing completely different games.
Four Key Truths and Cost Traps Behind Polymarket LP Market Making Incentives
The potion left in the witch's hand is still poison; let's wait for Polymarket's major announcement tomorrow.
From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy
Embracing the Era of Super Individuals: GOAT Network launches Bitcoin-secured Layer 2 exclusive infrastructure, fully empowering AI entities to usher in a new era of fully automated digital economy.
CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States
CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...
Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options
Overview of Important Market Events on March 23
Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns
From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...
Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy
AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.
Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis
With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.
App