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Upshift, Clearstar, and Flare have unveiled earnXRP, a brand new onchain yield vault that permits XRP holders to earn compounded, XRP-denominated returns.
Upshift, Clearstar and Flare are launching earnXRP, a brand new XRP-denominated yield vault designed to make incomes onchain XRP yield easier, extra clear, and extra accessible.
XRP holders can now generate yield instantly denominated in XRP, with out managing advanced DeFi methods themselves. The Flare XRP Yield Vault is made doable by Flare’s FAssets system, supported by Upshift’s vault infrastructure, and curated by Clearstar, an onchain threat supervisor with institutional experience.
earnXRP is the primary absolutely onchain yield product denominated in XRP. It permits customers to deposit FXRP (XRP represented 1:1 on Flare) right into a single vault that deploys capital throughout a diversified set of yield methods. All returns are mechanically compounded again into XRP.
Relatively than counting on a single supply of yield, earnXRP aggregates a number of onchain methods into one clear, non-custodial vault that customers can entry with a single deposit.
The way it works is that customers deposit FXRP instantly from their wallets into the earnXRP vault. In return, customers obtain earnXRP, the vault’s receipt token. This token represents the consumer’s deposited FXRP plus any yield generated over time. The vault deploys FXRP into curated methods, with all earnings compounded again into XRP. When customers request a withdrawal, their earnXRP tokens are burned and FXRP is returned to their pockets. All vault operations are dealt with autonomously by Upshift’s infrastructure.
The earnXRP vault makes use of a diversified, market-aware technique designed to generate yield whereas remaining absolutely denominated in FXRP. These methods carry on-chain variations of yield-generation approaches that skilled funds have used for years, now accessible via a single vault.
At launch, the technique consists of: Carry trades, staking and canopy underwriting through Firelight, and concentrated liquidity provision in AMMs. These are mixed right into a single, easy-to-use vault designed to supply XRP-denominated yield with out requiring customers to actively handle or rebalance positions. Further methods will likely be added and scaled over time.
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