TLDR
Firelight Finance on Flare now enables XRP staking via wrapped FXRP and the liquid stXRP token, confirmed in a Yahoo Finance update.
- The launch vault filled with about 25 million staked (~$55 million TVL) within hours, per a Flare Networks post.
- Rewards come from a DeFi insurance model; audits by OpenZeppelin and Coinspect are noted in the announcement.
Deep Dive
1. Where You Can Stake XRP
The live option today is Firelight Finance on Flare. Users mint FXRP via Flares FAssets, stake to receive stXRP, and can use stXRP across DeFi on Flare, as outlined in the announcement.
- Flare provided a brief walkthrough on staking FXRP to get stXRP, and how to unstake, in a foundation post.
- CoinsKid flagged the go?live as a new XRP staking protocol with stXRP for DeFi use in a market update.
If you want yield linked to XRP now, the available path is DeFi on Flare via FXRP and stXRP rather than native XRP staking.
2. Scale and Model
Early demand was large: Flare reported about 25 million tokens staked (roughly $55 million TVL) shortly after launch, indicating strong interest in XRP staking on Flare per the post above.
- The rewards mechanism is insurance?style: staked capital backs a cover pool for opt?in DeFi protocols, and premiums fund staking rewards, per the announcement.
- Firelight cites audits by OpenZeppelin and Coinspect and an Immunefi bounty, noted in the announcement.
Yields depend on cover demand and protocol performance, not consensus staking. Assess contract, model, and liquidity risks before participating.
Conclusion
Right now, XRP staking is available via Firelight Finance on the Flare network using FXRP and stXRP, not as native staking on XRP itself, confirmed by the foundation post and the announcement. No major exchange has posted a new native staking notice for XRP this week. If you explore this, focus on audit status, unstake mechanics, and the insurance?based reward models risks.
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