Flare integrates DCENT wallets for XRP yield vaults and new XRP Alliance

The Flare Network has integrated its decentralized finance infrastructure with DCENT hardware wallets, allowing XRP holders to earn yield on their assets while maintaining self-custody. The integration, announced alongside the launch of a new coalition called the XRP Alliance, enables users to deposit XRP into yield vaults directly from their hardware devices without needing to create new wallets, navigate a separate blockchain, or acquire a different token for transaction fees.

This functionality is powered by two core pieces of Flare technology: the FAssets system and Smart Accounts. The FAssets protocol converts XRP into a wrapped version called FXRP, which can then be deployed across various DeFi applications on the Flare network. Smart Accounts streamline the user experience by abstracting away technical complexities like gas fees and chain-switching.

The initial product offered through this integration is the earnXRP vault, developed in collaboration with Upshift and Clearstar. The vault reached its capacity of 25 million XRP within one week of launch, attracting over 5,400 participants. Network data indicates approximately 98 percent of these users were new to...