Flare Network and D’CENT Wallet announced the launch of the XRP Alliance on May 19, creating a direct bridge between D’CENT’s roughly 720,000 hardware wallet users and on‑chain XRP yield vaults — without requiring a new blockchain, a separate wallet, or a gas token.
How it works
- Users can deposit XRP straight from the D’CENT app using two signatures on the XRP Ledger. Flare Smart Accounts handle the rest: they mint FXRP (a wrapped, Flare-native representation of XRP) and deposit it into the chosen vault in a single transaction flow. That simplifies access to on‑chain yield while preserving hardware-wallet custody.
Vaults at launch
- Two vaults are available immediately:
- Monarq XRP Yield Vault (MXRPY), run by Monarq Asset Management on Upshift infrastructure, targets 3–4% annual returns. Its strategy mixes options trading, basis and funding-rate arbitrage, and other on‑chain XRPFi tactics.
- earnXRP, curated by Clearstar, is billed as the first fully on‑chain yield product denominated in XRP and features automatic compounding.
Partners and intent
- The alliance brings together D’CENT, Flare, Doppler, Banxa and Squid, aiming to broaden distribution and interoperability across the XRP ecosystem. D’CENT highlighted the integration as “the best and easiest way to deposit and manage XRP in the Monarq Yield Vault with top‑tier hardware security.”
Context and significance
- Flare’s modular lending expansions earlier in 2026 — notably integrations with Morpho and Mystic — laid the vault infrastructure that this D’CENT integration now opens to hardware wallet holders for the first time. Historically, XRP holders had limited on‑chain yield options. Institutional interest is growing: XRP ETFs drew $81.63 million in net inflows in April 2026, the strongest month so far this year. By linking hardware custody to institutional‑grade vaults, the alliance extends that infrastructure to retail and semi‑institutional holders who keep an estimated billions of XRP in hardware devices.
Fees, limits and access
- D’CENT is waiving its platform fee through June 8, so users will only pay Flare’s standard base fees for that period; the firm noted many platforms levy additional platform fees on vault deposits. The Monarq vault has an initial deposit cap of 500,000 FXRP. Both vaults are also available to non‑D’CENT users via the Upshift platform.
Risk reminder
- Vault yields depend on XRP price movements and strategy performance, so returns will vary. Crypto.news’ XRP price page tracks live market conditions that affect vault performance.
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