Overview

• Minting opens under a deliberately measured rollout capped at 5 million FXRP in the first week, with incentives directed to key liquidity pools.
• FXRP is a non-custodial, one-to-one representation of XRP minted through an overcollateralized network of independent agents.
• The wrapped asset is designed for composability across Flare’s DeFi stack, supporting uses such as lending on Enosys Loans, stablecoin minting, and liquidity on DEXs like SparkDEX and BlazeSwap.
• Flare cites independent audits by Zellic and Coinspect, a bug bounty program, and 24/7 monitoring by Hypernative as part of its security approach.
• The roadmap points to liquid-staked stXRP and future FAssets for Bitcoin and Dogecoin, while FLR rose roughly 13% in the 24 hours after the announcement.