Flare Network Launches XRP DeFi Yield Product with MoreMarkets
NewsThe integration of XRP with DeFi strategies via Flare Network and MoreMarkets enhances on-chain liquidity and market credibility.
- XRP holders gain new DeFi yield option via Flare and MoreMarkets.
- Institutional capital flow and user adoption could enhance DeFi markets.
- Increased liquidity positions XRP alongside ETH and BTC for on-chain utility.
Flare Network and MoreMarkets have launched the XRP Earn Account, a non-custodial DeFi product for XRP holders, integrating on-chain yield opportunities through Flare’s platform.
This partnership offers XRP holders new yield possibilities, potentially enhancing XRP utility and attracting institutional investors, despite no direct responses from key opinion leaders or regulatory bodies yet.
Flare Network, in partnership with MoreMarkets, has introduced the XRP Earn Account, offering XRP holders new opportunities in DeFi yield. This non-custodial product bridges XRP to Flare Network, integrating DeFi strategies for on-chain liquidity.
Flare Network CEO Hugo Philion announced this collaboration as a way for XRP holders to harness blockchain utility. MoreMarkets will manage the DeFi integration within the Flare framework, enhancing the XRPfi experience securely and efficiently.
Hugo Philion, CEO, Flare Network, “Flare is teaming up with MoreMarkets to launch the ‘XRP Earn Account,’ a new and secure way for XRP holders to earn yield. This integration enables MoreMarkets’ on-chain yield-generation strategy on the Flare network, creating a seamless XRPfi experience that is intuitive and fully onchain.”
The market impact includes institutional involvement, with VivoPower deploying $100 million in XRP to compound yields. This has boosted the ecosystem’s credibility, indicating a potential rise in total value locked across the network.
Such advancements reduce counterparty risk through a non-custodial model, appealing to both institutional and retail investors. The introduction of FXRP sees XRP collateralized on Flare, widening access to DeFi markets.
This move mirrors earlier DeFi disruptions in Ethereum and Bitcoin markets, similarly introducing increased liquidity and asset utility. Previous adaptations have historically driven markets forward, explaining current expectations for XRP’s on-chain role.
The introduction could lead to increased regulatory scrutiny as more entities adopt DeFi strategies. Institutional standards and infrastructure by partners like BitGo and Fireblocks further support a shift toward transparency and trust within the blockchain realm.
More From Crypto News
Aster (ASTER) Rises 4.88% in 24 Hours: What the Data Shows
Aster (ASTER) is trading at $0.655837, up 4.88% over the past 24 hours, according to CoinGecko data as of 19:13 UTC on November 11, 2026.
Bitcoin Misses Stock Rebound as ETF Outflows Hit Day Four
Bitcoin failed to follow a broad equity rebound on November 11, trading near $73,993 while Nasdaq-100 futures climbed 1.7% after CoreWeave posted an earnings be...
OCC Clears Coinbase National Trust Company for Crypto Custody
The OCC issued its decision in CD-1370 , formally authorizing Coinbase National Trust Company to operate as a federally chartered trust bank focused on digital-...
Reported Ankr Ethereum Bridge Drain Exceeds $303,000, The Defiant Says
The Ankr Ethereum Bridge was drained of more than $303,000 in an exploit carried out across five transactions.
Binance CFO Steps Down After Reported Hack, Co-CEO Cites Planned Transition
Binance’s chief financial officer has stepped down, the exchange confirmed, with the departure landing nine days after the platform suffered what has been descr...
US Treasury Takes Action Against MEXC Over Alleged $16B in Sanctions-Linked Transactions
The Treasury press release identifies MEXC as the subject of the action and ties the exchange to transaction flows connected to three sanctioned or adversarial...
