Back to top
  • 링크복사 Copy link
  • 공유 Share
  • 인쇄 Print
  • 글자크기 Font size
URL copied.

Share

x
Business Technology

Flare Launches FAssets v1.1 on Songbird, Unlocking Scalable FXRP Utility

Daniel Lee

Flare Launches FAssets v1.1 on Songbird, Unlocking Scalable FXRP Utility. Source: Image by Joel Adedokun from Pixabay

Flare Network has officially launched FAssets v1.1 on the Songbird testnet, marking a key upgrade to support scalable and capital-efficient use of FXRP in decentralized finance (DeFi). The new release introduces the Core Vault, a major innovation that enhances capital efficiency by freeing up previously locked collateral and resolving bottlenecks in the minting process.

FAssets, including FXRP, are designed to bring non-smart contract tokens like Bitcoin and Dogecoin into the DeFi ecosystem. With this update, agents can now deposit XRP directly into a Core Vault address on the XRP Ledger, which automatically unlocks FLR collateral on Songbird, enabling minting without additional capital.

The Core Vault infrastructure incorporates high-level security, using time-locked escrow accounts and multi-signature mechanisms maintained by trusted ecosystem members. Flare has also completed several smart contract audits and initiated an active bug bounty program through Immunefi to ensure reliability.

Hugo Philion, Co-founder and CEO of Flare, emphasized that this upgrade empowers XRP to fully participate in composable DeFi, stating, “FXRP isn’t just a wrapper — it’s how XRP becomes usable in a DeFi world.”

Initially, minting will be capped at 750,000 FXRP, with gradual scaling planned to meet network demand. A bi-weekly incentive program through the Flare Portal will distribute rFLR rewards to FXRP liquidity providers and SGB collateral contributors. Moreover, Flare is set to airdrop $135,000 worth of rFLR on May 21 to the top 10,000 early testers from the Coston network.

With FAssets v1.1, Flare strengthens its commitment to integrating major non-smart contract assets like XRP into the expanding DeFi landscape, paving the way for lending, staking, and cross-chain yield farming on its upcoming mainnet.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Advertising inquiry News tips Press release

Most Popular

1
XRP Price Faces Pressure as Whale Transfers $117M to Coinbase
2
Bitcoin Crash Triggers $39M Liquidation for Hyperliquid Trader James Wynn
3
Binance Flags 4 Crypto Tokens for Monitoring, Plans to Delist 5 Trading Pairs
4
Solana Falls Below $150 Amid $468M Outflow and Bearish Pressure
5
$31M Bitcoin Donation to Silk Road’s Ross Ulbricht Traced to AlphaBay
6
Circle (CRCL) Surges in NYSE Debut, Raising $1.1B on Stablecoin Growth Hopes
7
Ethereum Price Eyes Breakout Amid Surging Institutional Interest
8
Filecoin (FIL) Price Drops Below Key Support as Bearish Momentum Builds
9
UNI Price Drops Below Key Support as Bearish Momentum Builds
10
NeuroSymbolic AI: The Future Backbone of Intelligent Web3 Applications

Category article

See more

BlackRock Buys $50M in Ethereum Amid Rising Exchange Inflows

Meta Oversight Board Orders Removal of Deepfake Ronaldo Video Amid Rising AI Scam Concerns

Bitget Lists Ripple USD (RLUSD) Stablecoin with USDT, USDC Pairs

OKX Sees More Legal Shakeups as Global General Counsel Departs

Steak n’ Shake Sees Big Win with Bitcoin Payments, Eyes Tech Expansion

Ethereum Foundation Restructures, Lays Off Staff to Refocus on Core Protocol Goals

Binance Flags 4 Crypto Tokens for Monitoring, Plans to Delist 5 Trading Pairs

Binance Surpasses 275 Million Users, Eyes One Billion Milestone

Ledger Launches Crypto Life Visa Card with Bitcoin Cashback in the U.S.

Arkham Uncovers $54.5B in Bitcoin Linked to MicroStrategy

Comment 0

Comment tips

Great article. Requesting a follow-up. Excellent analysis.

0/1000

Comment tips

Great article. Requesting a follow-up. Excellent analysis.
1
'); win.document.write(''); win.document.close(); var objAgent = navigator.userAgent; if (objAgent.indexOf('Edge') > -1) { win.onafterprint = function () { // win.close(); // setTimeout(function () { win.close() }, 500); return true; } } else if (objAgent.indexOf('Trident') > -1) { win.onafterprint = function () { // win.close(); setTimeout(function () { win.close() }, 500); return true; } } else { win.onafterprint = function () { win.close(); return true; } } }); $('#btnOpenFontSizePopup').on('click', function (){ if ($('#popupFontSize').css('display') == 'none'){ sharePopupClose(); $('#popupFontSize').show(); } else { $('#popupFontSize').hide(); } }); $(".btnChangeFontSize").on('click', function() { var fontSize = $(this).data().size; $('.view_text').css("fontSize", ''); $('.article_content').css("fontSize", ''); var articleTxt = $(".article_content > p"); if (!(fontSize == 14 || fontSize == 16 || fontSize == 18 || fontSize == 20 )) return false; $('.font_btn').removeClass('font_size_on'); $(this).find('.font_btn').addClass('font_size_on'); articleTxt.css("fontSize", fontSize); switch(fontSize){ case 14: break; case 16: break; case 18: break; case 20: break; default: return false; } return true; }); $('.btnGetReword').click(function () { if(clientId == 0){ $.loginPopupOpen('referral'); }/* else if (clientCertificated == 'N') { $('#certificationModalWrap').show(); }*/ }); $.articleVoting = function () { var articleId = "15405"; if(clientId == 0){ $.loginPopupOpen(''); return false; } $.ajax({ url: '/news/ajax/addArticleVoting', type: 'post', data: { clientId: clientId, articleId: articleId }, dataType: 'json', success: function (response) { if (response.error != 0) { if (response.error == 99) { alert(response.message); return; } else { alert(response.message); return; } } $('.newsLike').addClass('greyBanner'); if(response.voteCancel == 'Y'){ var voteCount = parseInt($('.articleLikeCountTitle:first').text()) - 1; // $('.articleLikeCount').text(voteCount); $('.articleLikeCountTitle').text( voteCount); $('.basicHeart').show(); $('.redHeart').hide(); $('.remoteControlLike').hide(); $('.remoteControlNoLike').show(); $('.stamp_like').removeClass('stamp_on'); $('.btnVoteArticle').find('.stamp_num').html(voteCount); } else if(response.vote == 'Y'){ var voteCount = parseInt($('.articleLikeCountTitle:first').text()) + 1; // $('.articleLikeCount').text(voteCount); $('.articleLikeCountTitle').text( voteCount); $('.basicHeart').hide(); $('.redHeart').show(); $('.remoteControlLike').show(); $('.remoteControlNoLike').hide(); $('.stamp_like').addClass('stamp_on'); $('.btnVoteArticle').find('.stamp_num').html(voteCount); } if(response.rewardPopupDisplay == 'Y') { showPointModal(); } //location.reload(); }, error: function (xhr, ajaxOptions, thrownError) { if (xhr.status > 0) { alert('server error'); } } }); return false; }; $('.btnScrapArticle').on('click', function (){ var articleId = "15405"; if(clientId == 0){ $.loginPopupOpen(''); return false; } else { $.articleScrap(clientId, articleId); } }); $.articleScrap = function(clientId, articleId){ if (clientId == 0 || articleId == 0) return false; $.ajax({ url: '/news/ajax/scrapArticle', type: 'post', data: { clientId: clientId, articleId: articleId }, dataType: 'json', success: function (response) { if (response.error == 0) { if (response.scrap == 'Y') { $('.btnScrapArticle').addClass('stamp_on'); $('.btnScrapArticle').find('.remoteControlScrapOn').show(); $('.btnScrapArticle').find('.remoteControlScrapOff').hide(); } else { $('.btnScrapArticle').removeClass('stamp_on'); $('.btnScrapArticle').find('.remoteControlScrapOn').hide(); $('.btnScrapArticle').find('.remoteControlScrapOff').show(); } } else { alert(response.message); } return false; }, error: function (xhr, ajaxOptions, thrownError) { if (xhr.status > 0) { alert('server error'); return false; } } }); }; $('.btnStampArticle').on('click', function (){ if ($(this).hasClass('stamp_on') == true) return false; var articleId = "15405"; if(clientId == 0){ $.loginPopupOpen(''); return false; } else { $.articleStamp(clientId, articleId); } }); $.articleStamp = function(clientId, articleId){ if (clientId == 0 || articleId == 0) return false; $.ajax({ url: '/news/ajax/stampArticle', type: 'post', data: { clientId: clientId, articleId: articleId }, dataType: 'json', success: function (response) { if (response.error == 0) { if (response.stamp == 'Y') { $('.stamp_daily').addClass('stamp_on'); $('.stampCount').html(response.count); var wrap = $('.article_stamp_contents'); if (response.count > 0) { wrap.find('.stamp_none_txt').remove(); } wrap.html(''); var html = ''; if(response.size >= 1) { for (var i = 0; i < response.size; i++) { html = ''; html += '
'; html += '
'; html += ''; if (response['items'][i]['clientId'] == clientId) { html += '

' + response['items'][i]['nickname'] + '

'; } else { html += '

' + response['items'][i]['nickname'] + '

'; } html += '
'; html += '

' + response['items'][i]['regTimestampHi'] + '

'; html += '
'; wrap.append(html); } } /*html += '
'; html += '등급 아이콘'; html += '

' + response['item']['nickname'] + '

'; html += '

' + response['item']['timestamp'] + '

'; html += '
'; wrap.prepend(html);*/ } } else { } return false; }, error: function (xhr, ajaxOptions, thrownError) { if (xhr.status > 0) { alert('server error'); return false; } } }); }; // $('.viewLike').on("click",function (){ // if(clientId == 0){ // $.loginPopupOpen(''); // } else { // $.articleVoting(); // } // }); $('.likeBg').on("click",function (){ if(clientId == 0){ $.loginPopupOpen(''); } else { $.articleVoting(); } }); //$('body').append('
OSZAR »