D’CENT and Flare launched the XRP Alliance on May 19, creating a direct bridge between roughly 720,000 D’CENT hardware-wallet users and XRP-denominated yield vaults — without forcing users onto a new chain, wallet, or gas token. Using a two-signature flow on the XRP Ledger through the D’CENT app, Flare Smart Accounts mint FXRP and deposit it into the chosen vault in one seamless transaction.
Two vaults are available at launch:
- Monarq XRP Yield Vault (MXRPY), managed by Monarq Asset Management on Upshift infrastructure, targets about 3–4% annual returns. Its strategy mixes options trading, basis and funding-rate arbitrage, and on-chain XRPFi plays.
- earnXRP, curated by Clearstar, bills itself as the first fully on-chain XRP-denominated yield product and compounds returns automatically.
“Through our partnership with Flare, we are happy to provide the best and easiest way to deposit and manage XRP in the Monarq Yield Vault with top-tier hardware security,” D’CENT said in its campaign announcement.
The alliance also brings in partners Doppler, Banxa, and Squid, aiming to expand distribution and interoperability across the XRP ecosystem. The rollout builds on Flare’s earlier expansion of modular lending for XRP via Morpho and Mystic in early 2026 — infrastructure that now becomes directly accessible to hardware-wallet holders for the first time.
This move is notable because XRP holders historically had limited options to deploy the asset in programmable-finance products. Institutional appetite is rising: XRP ETFs attracted $81.63 million in net inflows in April 2026, the strongest month of the year. By linking hardware-wallet users to institutional-grade vault infrastructure, the D’CENT-Flare integration opens self-custody retail and semi-institutional holders — who store billions of XRP in hardware wallets — to on-chain yield opportunities.
Practical details: D’CENT is waiving its platform fee through June 8, so users only pay Flare’s standard base fees (many platforms add their own fee on top). The Monarq vault has an initial deposit cap of 500,000 FXRP. Both vaults remain accessible to non-D’CENT users via the Upshift platform. As always, yields will fluctuate with XRP price movements and strategy performance; crypto.news’ XRP price page tracks the market conditions that influence vault returns.
Bottom line: the XRP Alliance removes friction for hardware-wallet holders to earn on XRP, combining self-custody security with familiar, institution-style yield products — a practical step toward broader on-chain utility for XRP.
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