Layer 1 blockchain Flare jointly launches XRP yield product earnXRP
Foresight News reported, according to The Block, that Layer 1 blockchain Flare has announced the joint launch of the XRP yield product earnXRP with DeFi platform Upshift Finance, which provides yield vault infrastructure, and on-chain risk management company Clearstar. This product allows users to deposit FXRP (the wrapped version of XRP on Flare) into a single vault, which will deploy funds into various on-chain strategies to generate yield denominated in XRP.
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