Flare has rolled out Smart Accounts version 1.3, an upgrade that lets XRP holders put their tokens to work in DeFi with a single wallet signature. The update removes the need to create separate wallets, manually bridge assets, or obtain gas tokens on another blockchain — steps that had kept many users out of yield-bearing protocols.
One signature instead of two
Previously, converting XRP to FXRP and depositing into a yield vault required two separate approvals. Now the whole process takes one signature. FXRP is a token on Flare that represents XRP locked on the XRP Ledger; the Flare Data Connector verifies the locking process. By cutting out the extra steps, the team hopes to bring in the millions of XRP holders who wanted DeFi access but found it too complex, according to Chief Product Officer Filip Koprivc.
FXRP supply jumps 75% since February
The numbers suggest demand was already there. Since February, the amount of FXRP deployed across DeFi applications has grown nearly 75%, from 82 million to 144 million. More than 40 million XRP is currently earning yield through Smart Accounts across nearly 24,000 accounts. Two yield vaults are available: the existing Monarq vault and the new Clearstar Flare XRP Yield Vault, which uses on-chain lending and strategies. Clearstar distributes FXRP across protocols including Avant and Euler, with all positions publicly visible. The firm has previously managed more than 33 million FXRP through earlier deployments.
New vaults and wallet integrations
Wallet support has expanded to include Ledger, Xaman, Joey Wallet, WalletConnect (including Bifrost), and D'CENT. Joey Wallet has gone a step further by integrating the Smart Accounts interface directly, so users can complete the process without leaving the wallet. That kind of friction reduction is exactly what the upgrade aims for — fewer clicks, less confusion, more yield.
