Trustless XRP Is Live on Songbird – Here’s What That Means for DeFi
You might’ve missed it, but something big just landed on Songbird, Flare’s canary network: FXRP is officially live. And not just any version of it – we’re talking about a trustless, infinitely mintable, DeFi-ready FXRP thanks to Flare’s latest upgrade, FAssets v1.1.
So, what’s all the fuss about? Let me break it down.
FXRP… Now Without the Middleman
If you’ve been around the XRP community, you’ll know one of the big pain points has always been getting XRP into the DeFi world in a way that doesn’t rely on centralized bridges or custodians. That’s where Flare comes in, and now with v1.1, they’re taking it up a notch.
The new Core Vault is the real MVP here. Think of it like a decentralized liquidity brain that helps agents lock up XRP, post collateral on-chain, and mint FXRP without needing fresh capital every time. It basically supercharges scalability while keeping things secure.
And yes – minting FXRP is now uncapped. If you’ve got the XRP and agents can back it with collateral, mint away. This is the kind of no-limits upgrade that DeFi degens dream about.
How It Works (The Chill Version)
- You send XRP to a registered agent.
- They lock it up and post collateral on Songbird.
- The system mints you FXRP – no central exchange, no off-chain funny business.
- Bonus: Community pools can add extra collateral, earn fees, and help the whole system stay robust.
Airdrop Alert
Flare’s also doing a $135,000 rFLR retroactive airdrop for the top 10,000 users on the Coston testnet. If you’ve been playing around with FAssets or staking on Songbird or Flare, you’re probably in the running. Snapshot’s done, so just hang tight until May 28 to see if you made it.
What About Old FXRP?
No sweat – Flare’s made the transition to v1.1 seamless. If you held FXRP before, it just got an upgrade. But they are winding down support for FDOGE and a few others from the older system, so keep an eye out if you’re holding any of those.
The Bigger Picture
This isn’t just about XRP fans finally getting a seat at the DeFi table. It’s about building infrastructure that actually scales, doesn’t rely on permissioned gatekeepers, and can eventually plug into things like restaking protocols, lending, and way more.
Flare’s setting the stage for XRP to thrive beyond just cross-border payments. If you’re bullish on DeFi’s future and want to see real assets flow freely without centralized choke points, this is worth watching.
And if you’re already on Songbird? Now might be the time to dive in and mint some FXRP while the waters are warm.
More from us at Blockrora soon. Till then, stay curious, stay decentralized.
