Flare has announced the launch of Luminite, a new seedless and non-custodial wallet that simplifies access to decentralized finance (DeFi).
Launch of Luminite
Flare, an innovative blockchain for data, has announced the launch of Luminite, a new wallet that eliminates the need to remember seeds. This wallet is designed to simplify entry into the world of DeFi, especially for XRP holders. Luminite allows users to create a wallet in seconds using familiar login methods such as biometrics or email, without the need to write down and store a mnemonic phrase.
Benefits and Features of the Wallet
Luminite is built on Turnkey’s embedded wallet technology, allowing users to maintain full control over their assets while providing a Web2-like user experience. New users can add funds through integrated fiat on-ramp partners to purchase FLR, XRP, and other supported assets. The main principle behind Luminite's creation is to remove complex entry barriers for users into DeFi. Steve Chadwick, Co-founder of Luminite, stated: “We aim to make DeFi accessible not only to experienced users but to newcomers as well.”
Future of DeFi on Flare
Flare also announced an upcoming Learn & Earn program in collaboration with Revolut, aimed at incentivizing new users to explore the Flare ecosystem through educational initiatives. Max Luck, Head of Growth at Flare, added: “DeFi should be accessible to everyone.” With the launch of Luminite, DeFi activity on Flare continues to grow, as evidenced by rising participation and total value locked (TVL) across protocols.
With the launch of Luminite, Flare is taking a significant stride toward simplifying access to DeFi, inviting new users to engage with the blockchain ecosystem.
