A new XRP yield product, earnXRP, has launched through a joint effort by Upshift Finance, Clearstar, and Flare Network, marking another step in expanding XRP-focused decentralized finance. The product allows users to deposit FXRP, a wrapped version of XRP on Flare, into a single vault that allocates capital across multiple onchain strategies to generate yield denominated in XRP.
The launch comes as developers seek to increase XRP participation in DeFi, where utilization remains limited relative to its market capitalization. earnXRP follows earlier initiatives such as mXRP and recent XRP staking products on Flare, reflecting growing competition to attract idle XRP into yield-generating structures.
According to the teams, earnXRP targets yields ranging from roughly 4% to 10%, depending on vault size, with expected compression as assets scale. The product deploys capital across strategies, including staking, liquidity provision, and risk underwriting, while allowing users to redeem at any time.
