Flare Unlocks Single-Signature XRPFi Access With Smart Accounts v1.3
In Brief
Flare releases Smart Accounts v1.3, enabling XRP holders to earn DeFi yield with a single XRPL signature and expanded vault and wallet support.
Flare has announced the release of Flare Smart Accounts version 1.3, an update that enables XRP holders to mint FXRP and deposit assets into yield-generating vaults using only a single signature from their existing XRPL wallet. The development marks a shift in accessibility for XRP holders seeking exposure to decentralized finance, a process that historically required creating additional wallets, bridging assets across networks, and maintaining separate gas tokens before generating any returns. With the latest version, users select a vault, provide one signature through their current XRPL wallet, and the platform handles the remaining steps automatically without requiring an EVM wallet, native gas tokens, or manual bridging.
The release arrives amid expanding adoption of XRPFi products. Since February 2026, FXRP deployed across decentralized finance protocols has increased by approximately 75 percent, rising from 82 million to 144 million FXRP. Current data indicates that more than 40 million XRP is actively earning yield through Flare Smart Accounts, while the total number of Smart Accounts created has approached 24,000.
“Millions of XRP holders have wanted access to DeFi, but the experience has been too complex,” said Filip Koprivec, CPO at Flare network in a written statement. “With Smart Accounts v1.3, users can go from XRP to yield with a single signature while remaining fully non-custodial,” he added.
From a technical standpoint, the update consolidates what previously demanded two separate XRPL signatures into one transaction. The underlying XRP remains secured on the XRP Ledger through FXRP’s one-to-one collateral model, while Flare handles the minting of FXRP and its allocation into the user’s chosen yield strategy. The Flare Data Connector verifies the XRPL transaction on the Flare network, which then permits a smart contract tied to the user’s XRPL address to execute the requested operations without further manual input.
Expanded Yield Strategies and Wallet Support
Version 1.3 also broadens the selection of yield strategies accessible through Flare Smart Accounts by introducing the Clearstar Flare XRP Yield Vault. Users now have access to two actively managed FXRP vaults with distinct methodologies. The Monarq XRP Yield Vault, managed by Monarq and majority-owned by FalconX, employs a combination of options strategies, basis trading, funding-rate capture, and on-chain DeFi allocations that shift according to market conditions. The newly available Clearstar Flare XRP Yield Vault operates entirely on-chain, allocating FXRP across lending and liquidity protocols on Flare such as Avant and Euler. All positions in this strategy are publicly verifiable on-chain, and the vault has previously overseen more than 33 million FXRP in deposits.
In parallel with the product update, Flare is widening wallet compatibility by adding support for Ledger, Xaman, Joey Wallet, and WalletConnect, including Bifrost. These options complement the existing D’CENT integration, allowing a broader segment of XRP holders to interact with Flare’s yield infrastructure through familiar interfaces. As part of this expansion, Joey Wallet, a self-custodial XRPL wallet featuring sub-three-second onboarding and social login capabilities through Web3Auth, has embedded Flare Smart Accounts directly as an in-wallet decentralized application. This integration allows users to mint FXRP and allocate funds into yield vaults without exiting the wallet environment.
“There’s a lot of overlap between the XRPL and Flare communities, so integrating Flare Smart Accounts just made sense,” said Christopher Troia, Co-Founder of Joey Wallet in a written statement. “It brings a breath of fresh air for XRP holders, letting them start putting their XRP to work in a seamless way,” he added.
Users can access the updated Flare Smart Accounts through fsa.flare.network/vaults or via supported wallets including Joey Wallet, Xaman, and D’CENT.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
