Flare's total value locked (TVL) is nearing $208.9 million, driven by the upcoming launch of the Firelight liquid staking protocol. Scheduled for release on the Flare mainnet by the end of November, Firelight will enable XRP holders to stake their tokens and receive a liquid stXRP token for use in Flare's DeFi ecosystem. This development marks a significant enhancement in Flare's offerings, as such a feature was previously unavailable.
Currently, Flare's TVL stands at approximately $203 million, up from $174 million earlier this month. Additionally, the Xaman Wallet, expected to launch in December, will facilitate transactions on Flare without requiring users to move their XRP off the XRP Ledger, thereby enhancing liquidity between the two ecosystems.
Flare TVL Approaches $208M as Firelight Prepares XRP Liquid Staking
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