D’CENT and Flare have launched the XRP Alliance, connecting 720,000 D’CENT hardware-wallet users to XRP-denominated yield vaults. This initiative allows users to access yield opportunities without switching chains or wallets. The integration uses a two-signature flow on the XRP Ledger via the D’CENT app, enabling seamless FXRP minting and vault deposits.
At launch, two vaults are available: Monarq XRP Yield Vault, targeting 3-4% annual returns, and earnXRP, which offers automatic compounding. The alliance, supported by partners Doppler, Banxa, and Squid, aims to enhance XRP ecosystem interoperability. This move follows Flare's earlier modular lending expansion and addresses the limited programmable-finance options for XRP holders.
D’CENT is waiving its platform fee until June 8, with users only paying Flare's base fees. The Monarq vault has a 500,000 FXRP deposit cap, and both vaults are accessible to non-D’CENT users via Upshift. This development provides hardware-wallet holders with secure, institution-style yield products, expanding XRP's on-chain utility.
D’CENT and Flare Launch XRP Alliance for Hardware Wallet Yield Access
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