Flare, in collaboration with MoreMarkets, has announced a new feature called XRP Earn Account, allowing XRP holders to earn passive income through a fully on-chain platform. This collaboration aims at providing a simple and intuitive experience for users.
XRP Earn Account and Its Benefits
The XRP Earn Account provides the opportunity to earn yield without the need to interact with multiple blockchains or third parties. The simplicity of the process begins with users initiating the XRP bridging directly from their XRPL wallet through a dedicated feature on the MoreMarkets platform. All actions take place behind the scenes, creating a user-friendly experience.
How It Stands Out from Other XRP Yield Solutions
The partnership between Flare and MoreMarkets offers a unique non-custodial yield solution. Users retain full control over their XRP, as every strategy is executed transparently on-chain. Flare employs the FAssets protocol for safe bridging from XRP to FXRP, eliminating the need for centralized custodians.
The Future of XRPFi and Institutional Opportunities
This architecture is designed not only for retail participants but also for institutional investors, providing high-quality, secure, and compliant DeFi opportunities. Collaborations with custodians such as BitGo and Fireblocks build a trusted framework, widening the horizon for XRP as a programmable asset.
The collaboration between Flare and MoreMarkets solidifies XRP's position as a distinctive yield asset, opening new opportunities for users across various levels, including institutional investors.
