EarnXRP on Flare: how to earn yield on your XRP

There are over 2 billion XRP sitting idle in wallets. They do not earn yield.

EarnXRP was launched to change that. It's the first fully onchain, XRP-denominated yield vault, live on Flare Network since December 2025. You deposit FXRP (self-custodial, wrapped XRP on Flare), a professional curator puts it to work across the DeFi ecosystem, and you earn yield denominated in XRP. Your keys, your custody, auto-compounding.

Here's how it works, what the strategies look like, and how to get started.

Before getting into the vault, you need to understand FXRP.

FXRP is XRP represented as an ERC-20 token on Flare Network. It's minted through Flare's FAssets system, which is overcollateralized (2x+), non-custodial, and verified by Flare's native oracle infrastructure. Every FXRP is backed by more value than the XRP it represents.

The system hit 100 million FXRP in circulation by February 2026, with 60%+ actively deployed in DeFi. That's real usage, not tokens collecting dust after a bridge.

To mint FXRP, you send XRP to a registered agent on the XRPL. The agent provides additional FLR collateral, the Flare Data Connector verifies the deposit, and FXRP gets minted to your Flare address. You can also acquire FXRP directly on Flare DEXs like SparkDEX or Enosys.

EarnXRP is a yield vault built on Upshift infrastructure and curated by Clearstar, a Swiss-backed risk manager. It accepts FXRP deposits and routes them across yield-generating strategies on Flare, returning yield denominated in XRP.

The vault launched in December 2025 and has grown to over $33 million in TVL with 7,000+ depositors.

When you deposit, you receive earnXRP tokens representing your share of the vault. As the vault generates yield, your earnXRP appreciates in value relative to FXRP. No manual claiming, no restaking. It compounds automatically.

Vault contract: 0x373D7d201C8134D4a2f7b5c63560da217e3dEA28 on Flare.

Clearstar manages the vault's allocation across two broad categories:

FXRP DeFi deployments. The vault supplies FXRP into Flare-native protocols: lending on Kinetic and Morpho, providing concentrated liquidity on SparkDEX and Enosys, and liquid staking via Firelight (stXRP). These generate yield from borrower interest, trading fees, and staking rewards.

Carry trades. The vault borrows stablecoins (USDT0) against FXRP collateral, then deploys those stablecoins into higher-yielding opportunities across Flare's ecosystem. The spread between the borrowing cost and the deployment yield creates additional returns.

The specific allocation shifts based on market conditions. Clearstar rebalances to optimize risk-adjusted yield, and Upshift's policy engine enforces constraints at the smart contract level (which protocols are allowed, maximum exposure limits, and so on).

Yields fluctuate based on market conditions, DeFi protocol rates, and vault allocation.

Estimated return range is 4-10% APY, depending on market conditions and strategy mix. The vault's 30-day trailing APY and real-time TVL are visible on the vault page.

For the most current APY, check the vault directly. Yields are variable and can change as DeFi rates move.

Step 1: Get FXRP on Flare.

You have two options. Mint FXRP through the FAssets portal by sending XRP from an XRPL wallet (this takes a few minutes and costs a small FLR fee). Or buy FXRP directly on a Flare DEX like SparkDEX using USDT0 or other tokens.

Step 2: Connect to Upshift.

Go to app.upshift.finance and connect your wallet. Make sure you're on the Flare network. MetaMask, Rabby, and most EVM wallets work.

Step 3: Find the earnXRP vault.

Navigate to the Flare vaults section and select the "Flare XRP Yield" vault (earnXRP).

Step 4: Approve and deposit.

Approve FXRP spending, enter your deposit amount, and confirm the transaction. You'll receive earnXRP tokens representing your vault share.

That's it. The vault handles strategy allocation, rebalancing, and compounding from here.

EarnXRP offers two withdrawal paths:

Queued withdrawal. Submit a withdrawal request, and the vault processes it within 72 hours. This is the default path used by ~85% of withdrawals. No fee beyond gas.

Instant redemption. If you need liquidity immediately, the vault supports instant redemptions (subject to available liquid reserves). This carries a small fee.

Upshift processes all claimable vault redemptions daily, so queued withdrawals typically clear well within the 72-hour window.

A few things to understand:

Smart contract risk. The Upshift vault contracts have been audited by Hacken, ChainSecurity, Sigma Prime, and Zellic. Four separate audit firms is more coverage than most protocols. But audits reduce risk; they don't eliminate it.

FXRP bridge risk. FXRP depends on Flare's FAssets system. It's overcollateralized and non-custodial, which helps, but it's still bridge infrastructure. The FAssets system is relatively new (mainnet since September 2025), and novel bridge designs carry inherent risk that decreases as the system matures.

DeFi protocol risk. The vault deploys into multiple Flare protocols. If any underlying protocol has a vulnerability, it could affect vault returns. Clearstar's role is to manage this exposure, and Upshift's policy engine restricts which protocols the vault can interact with.

Yield variability. Returns depend on DeFi rates across Flare. These rates fluctuate with market conditions, protocol incentives, and capital flows. Past performance gives you a baseline, not a guarantee.

Always make sure to do your own research and be aware of the above and any other risks before depositing.

EarnXRP exists because Flare built the infrastructure to make XRP programmable. Before FAssets, XRP holders had limited yield options: centralized lending platforms (with counterparty risk that played out badly in 2022) or simply holding.

Flare's DeFi ecosystem now includes SparkDEX for trading, Kinetic for lending, Firelight for liquid staking, Enosys for LPing, and more. Total ecosystem TVL sits around $159 million. The FAssets Incentive Program (2.2 billion FLR allocated through July 2026) continues to subsidize early participation.

For XRP holders who want yield without selling their position, the path is: XRP to FXRP to earnXRP. One vault, one deposit, professional management, auto-compounding, self-custody throughout.

Ready to start? Deposit into earnXRP on Upshift.