EarnXRP Debuts on Flare with 10% Yield Target

- earnXRP brings XRP into DeFi with yields up to 10% - Users can deposit FXRP via Flare to earn XRP rewards Upshift Finance has partnered with on-chain risk manager Clearstar and Layer 1 blockchain Flare Network to launch earnXRP. This new yield product expands the XRPFi ecosystem by addressing the limited use of XRP in decentralized finance (DeFi). On December 22, 2025, The Block reported the launch. EarnXRP allows users to deposit FXRP, a wrapped version of XRP on the Flare Network, into a dedicated vault. The vault then deploys these assets into yield-generation strategies that generate returns in XRP, including carry trades, staking, cover underwriting through Firelight Finance, and providing concentrated liquidity in automated market makers. At launch, the target yield for earnXRP varies depending on vault size. Vaults holding $1 million to $10 million are projected to achieve yields of 7% to 10%, while larger vaults between $50 million and $100 million are expected to generate yields of approximately 3% to 4%. Users can withdraw their funds at any time by redeeming earnXRP tokens for FXRP. To encourage early adoption, the platform has a 5 million FXRP deposit cap with no per-user limits. Additionally, Upshift Finance is waiving all fees for the first 30 days. Users can make deposits through the Upshift platform. According to market data on December 22 at 15:08 UTC, XRP (XRP) was trading at $1.94, and its 24-hour trading volume was up 2.07%. Meanwhile, Flare (FLR) was trading at $0.012, with its 24-hour trading volume up by 4.75%.