Here’s how @FlareNetworks makes this possible: XRP is minted as FXRP on Flare through FAssets, with the Flare Data Connector verifying the XRPL transaction. That FXRP can then be staked in Firelight, where it provides shared capital backing cover for DeFi protocols. Kraken’s USDC vault is now one of the products benefiting from this. @Firelightfi manages the coverage terms, pricing and limits onchain. If a covered incident results in losses, an independent validation process can trigger stablecoin payouts backed by the protocol’s capital. And with Flare Smart Accounts, users can even initiate the minting and staking process directly from an XRPL wallet.

Collateralize XRP. Borrow stables. Deploy them elsewhere. @HugoPhilion explains the demand he's seeing for XRPFi with @CoinDesk at @RippleSwell. Full video interview on YouTube ↓

The weekend is approaching, and we know many of you will be using the time to make progress on your projects on Flare. A quick reminder from our team: keep the Developer Hub close. You’ll find technical guides, examples, and references to help you build and make the most of Flare’s capabilities. Happy building, everyone! ☀️

Introducing Spectra OTC, live on @FlareNetworks → Fixed-rate and yield deals, quoted by vaults, public or private, filled in full. Early offers from @GamiLabs and others. • Fixed rate at size • Exit to a known buyer • Custom maturity on request ↓

At @RippleSwell, @HugoPhilion sat down with @CoinDesk live. We explored XRP's next chapter in credit, from Flare Smart Accounts to Flare enabling XRP-backed borrowing and cover through @Morpho and @Firelightfi. Watch the full segment

New to Flare yield? You are welcome here. Explore FTSOs, validators, vaults, pools and lending at your own pace. Tell us which screen or term we should make simpler next.

⚡️ Reminder: Your Flare app can serve XRP holders through the wallet they already use. Here, 263,740 FXRP was minted via a Smart Account using @XamanWallet. The user signs on XRPL but the execution happens on @FlareNetworks. Developers can use that authorization model for custom contract calls too, building lending, trading and vault interactions that users approve from their XRP wallet. Build with Flare Smart Accounts:

There are currently 22,710,463,182 FLR staked to a total of 181 #Flare# validators which equates to 25.91% of the circulating supply. There are 11,491 delegators staking. Check for the current state of Flare validation. 🤖

I turned the FIP Files into a guide. All sixteen Flare Improvement Proposals in nine pages: what each one changed, the five that matter most if you hold FLR or use FXRP, and what governance still hasn’t settled, like who ends up running FIRE. It’s free. Subscribe to The Flare Brief and it lands in your inbox straight away. After that, one short email a week with the numbers that moved on Flare. Which proposal do you think changed the most for holders?

Flare Ecosystem Friday Recap☀️ This week, the conversation around XRPFi met some interesting developments across the Flare ecosystem. From the conversations at Ripple Swell to growing RLUSD borrowing against FXRP and new developments in XRPL infrastructure, Flare's XRPFi story is taking shape on several fronts. Here's what happened across @FlareNetworks this week, and why it matters.🧵👇

As the @FlareNetworks provider ecosystem grows, we’re also seeing different community-built lists emerge to help users discover and evaluate providers. These lists can use different methodologies and prioritize different things. That means they may not include exactly the same providers, and that is expected. Different lists can reflect different views of what matters when evaluating the provider ecosystem. Flare does not officially endorse one specific community list as the standard. For Flare-operated products such as the Portal and Systems Explorer, provider discovery can draw from multiple sources and signals rather than treating any single list as authoritative. We’ve updated this today so providers appearing across the current community lists can be surfaced. We think having independent lists is useful. They give the community different views of the provider ecosystem and help show what different groups consider important when evaluating providers. 🔗 Explore the different providers here:

How can XRP access onchain credit through a single XRPL-authorized flow? Join our next Flare Builder Workshop Session: XRP Credit with Flare Smart Accounts. 🗓️ 28 October, 14:00 UTC The session will walk through how an XRPL payment can authorize actions on Flare, with FDC verifying the transaction and the associated Smart Account executing a cross-chain credit flow. Set a reminder and subscribe to the @FlareNetworks YouTube channel for this session and future builder workshops:

Firelight is a good example of Flare infrastructure reaching financial products outside the Flare ecosystem. The $30.5M of cover added to Kraken’s USDC vault is powered by Firelight on Flare, with coverage backed by staked FXRP through the FAssets system. Coverage terms and capacity are registered onchain, independent risk assessors validate eligible incidents, and approved payouts are executed programmatically. This gives products like Kraken’s USDC vault access to a shared onchain protection layer without having to build the coverage infrastructure themselves.