Overview
- FXRP v1.2 is active on Flare mainnet as the first FAssets deployment, with minting limited to 5 million tokens for the first week.
- Flare reported the weekly limit was reached in roughly four hours, and on-chain data shared by an XRP validator showed deposits surpassing $7.1 million soon after launch.
- Liquidity is being bootstrapped with rFLR rewards to FXRP pools on SparkDEX, BlazeSwap and Enosys, with some targeted APRs near 50%, though community voices caution that such yields carry risk.
- Security measures include independent audits by Zellic and Coinspect, continuous monitoring by Hypernative, and active bug bounty programs.
- Access is available via wallets like Luminite and Oxen Flow for minting, swapping and bridging, as Flare charts next steps including stXRP and future FAssets for Bitcoin and Dogecoin.