Flare Network has unveiled Luminite, a novel non-custodial, seedless wallet designed to reduce barriers for XRP holders seeking decentralized finance (DeFi) access. By eliminating traditional seed-phrase requirements, Luminite supports authentication via passkeys, biometric methods or email sign-ins, enabling a wider audience to engage with smart-contract functionality on Flare.
At the core of the offering is the FAssets protocol, which facilitates the wrapping of XRP into FXRP, a fully collateralized representation of the native asset. FXRP can then be deployed across staking and liquidity products, allowing tokenholders to earn yield without relinquishing custody. As part of the integration, users can acquire FLR and XRP through embedded fiat on-ramps like Topper, seamlessly bridging on-ramp to DeFi.
Luminite’s architecture leverages Flare’s Ethereum Virtual Machine (EVM) compatibility and Flare Time Series Oracle (FTSO) for real-time price feeds. The wallet interfaces with staking protocols, automated market makers and synthetic asset platforms, broadening the scope of XRP in the DeFi landscape. By providing native-like staking yields and composable token utilities, the solution transforms XRP from a static payment coin into an active financial instrument.
The user experience is tailored to first-time DeFi participants and seasoned investors alike, offering clear transaction flows and integrated token management. Developers can now build decentralized applications (dApps) that natively support FXRP and other FAssets, unlocking new use cases such as yield farming, lending and cross-chain transfers via interoperable bridges. Luminite aims to foster institutional interest by offering robust security measures, including hardware-backed cryptographic modules and multi-factor authentication.
Early metrics indicate that total value locked (TVL) on Flare has surged following the launch, with users engaging across multiple protocols. The strategic push aligns with Flare’s broader vision of enabling programmable finance for non-smart-contract blockchains, extending support to additional assets such as Bitcoin and Dogecoin through the FAssets v1 mainnet. As the ecosystem evolves, Flare anticipates further developer innovations and governance proposals to refine liquidity incentives and token rewards, cementing XRP’s role in DeFi and driving mass adoption.
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