Flare and D'CENT Just Unlocked XRP Yield For Users

@FlareNetworks and @Dcentwallets have officially launched the XRP Alliance, a coalition designed to bring $XRP holders into decentralized finance without requiring them to leave the security of their hardware wallets. The integration between Flare and D'CENT Wallet is part of this new coalition, which also involves platforms including Doppler, Banxa, and Squid.

Yield From Cold Storage, Without the Complexity

The integration does not require any new chain, wallet, or gas token. $XRP holders can access the vaults directly from their hardware wallets using two signatures on the XRP Ledger (XRPL), a flow enabled by Flare Smart Accounts. Because D'CENT is an official partner of Flare Smart Accounts, users do not need to buy or hold any additional gas tokens, and can deposit their XRP into the Monarq Yield Vault with just a few clicks inside the D'CENT app's Discovery tab.

The vaults available at launch are the Monarq XRP Yield Vault (MXRPY) and earnXRP, curated by on-chain strategy curator Clearstar. Monarq launched MXRPY in partnership with Flare and vault infrastructure provider Upshift, offering both on-chain and off-chain yield sources. The Monarq vault is operated by a FalconX-majority-owned asset manager and uses a multi-strategy mandate combining on-chain and off-chain return sources.

Flare serves as the programmable layer for XRP within the Alliance. Flare Smart Accounts turn XRPL signatures into minted FXRP, which is the Flare representation of XRP, deposited into vaults in a single flow. The process is fully non-custodial and requires no intermediary taking custody.

A Growing Push to Put Idle XRP to Work

D'CENT serves at least 720,000 users across the U.S., UK, Canada, Japan, and South Korea, accounting for billions of XRP in storage, making it one of the first hardware wallets to offer a native path from XRP custody to DeFi yield. Flare's total value locked has doubled to $457 million since FXRP launched last September, with roughly $200 million in XRP-specific capital.

According to Upshift growth lead Ethan Luc, only 0.1% of XRP supply is currently utilized in DeFi, despite it being the fifth-largest cryptocurrency by market cap. The XRP Alliance and its hardware-to-vault connectivity represent a direct attempt to close that gap. That said, the vaults are new, and performance data, capacity limits, and sustained yield are still unproven at this stage.

Sources:
CryptoPotato: XRP Holders Gain New Yield Opportunities Through Flare-D'CENT Partnership
Manila Times / GlobeNewswire: D'CENT Launches Flare Campaign to Unlock Idle XRP
The Block: New XRP yield product earnXRP launches using Flare Network's infrastructure