XRP holders now have a way to earn dividends without selling their tokens or navigating complex DeFi strategies, with data-focused blockchain Flare’s earnXRP, a fully on-chain dividend product denominated in XRP.
The new box allows users to deposit FXRP, a one-to-one representation of XRP on Flare, and earn returns that are compounded back to XRP, according to a press release. Instead of juggling multiple protocols, users make a single deposit and receive earnXRP, a receipt token that tracks their share of the box and its accumulated yield.
Behind the scenes, the box spreads funds across a mix of strategies, including XRP staking, liquidity injection and carry trades that borrow cheap stablecoins and deploy them in higher-return venues.
The launch is significant because only a small fraction of XRP’s supply is currently used in DeFi, despite the token’s size and liquidity. By keeping returns denominated in XRP, earnXRP aims to appeal to holders who want returns without taking on stablecoin exposure or active trading risk.
For Flare, the box acts as a liquidity engine. Turning idle XRP into productive capital increases onchain activity, deepens markets, and strengthens Flare’s FAssets system, which brings XRP into smart contract environments.
