1 week ago
Flare Network has introduced Luminite, a non-custodial, seedless wallet designed to marque decentralized concern (DeFi) accessible to XRP (XRP) holders arsenic portion of a broader propulsion to springiness astute declaration functionality to assets that historically lacked it.
“By removing analyzable barriers of entry, we’re enabling anyone - from first-time users to seasoned crypto holders - to entree the afloat powerfulness of the Flare ecosystem,” the squad said successful a prepared statement.
“This is astir making DeFi approachable, not conscionable for the crypto-native, but for the adjacent question of users discovering blockchain done existent utility,” the connection added.
Built with Turnkey’s embedded infrastructure, Luminite skips effect phrases successful favour of passkeys, biometrics, oregon email sign-ins.
Users tin get FLR and XRP via integrated fiat on-ramps similar Topper, past prosecute straight with DeFi protocols connected Flare, including services similar staking, swaps, minting synthetic FXRP, and bridging assets via Stargate.
For XRP holders, it means the token tin present beryllium wrapped into FXRP via Flare’s FAssets protocol and deployed crossed staking and liquidity products. This gives token holders a crushed to stay wrong the Flare ecosystem alternatively of bridging elsewhere.
Whether this becomes sticky volition beryllium connected what comes next: sustained TVL growth, liquidity incentives, and whether developers commencement gathering tools that integrate XRP successful ways that Ethereum and Solana users already expect.
Read more: XRP Gets Another DeFi Boost Through Flare’s FAssets and FXRP, Messari Says
English (US) 