Flare cuts XRP DEFI onboarding to a single signature

@FlareNetworks has shipped Smart Accounts v1.3, cutting the steps required for $XRP holders to access decentralized finance down to a single wallet signature.

One signature, no new wallets

The update allows XRP holders to mint FXRP, Flare's tokenized representation of XRP for DeFi applications, and deposit it into yield-generating vaults using a single XRP Ledger (XRPL) signature. Previously, accessing XRPFi through Flare required two separate XRPL signatures along with additional wallet setup and bridging steps.

The process relies on the Flare Data Connector (FDC), which verifies the XRPL transaction on Flare. After verification, a smart contract linked to the user's XRPL address executes the remaining actions without requiring additional user interaction. Flare said the original XRP remains locked on the XRP Ledger at a one-to-one ratio throughout the process. The update also eliminates the need for a separate EVM wallet, gas tokens, and manual bridging.

New vault, broader wallet support and rising adoption

The release adds the Clearstar Flare XRP Yield Vault alongside the existing Monarq XRP Yield Vault, giving users access to two FXRP yield strategies. Monarq, majority-owned by FalconX, uses a combination of derivatives and DeFi strategies, including options and basis trading. Clearstar's vault takes a fully on-chain approach, deploying FXRP across lending and liquidity protocols such as Avant and Euler, and has previously managed more than 33 million FXRP in deposits.

Flare also expanded wallet support to Ledger, Xaman, Joey Wallet, and WalletConnect-compatible wallets, including Bifrost, joining the existing D'CENT integration. Joey Wallet has integrated the Smart Accounts interface directly into its application, allowing users to complete the process without leaving the wallet.

Since February 2026, the amount of FXRP deployed across DeFi applications has increased by nearly 75%, rising from 82 million to 144 million FXRP. Flare also reports that more than 40 million XRP is currently earning yield through Smart Accounts, while nearly 24,000 Smart Accounts have been created to date.

Sources:
Flare Cuts XRP-to-DeFi Onboarding to a Single Signature With Smart Accounts v1.3 - DailyCoin
Flare Simplifies XRP DeFi Access With One-Signature Smart Accounts Update - U.Today
Flare Smart Accounts - Flare Network (Official)