{"id":5010,"date":"2026-07-28T22:01:03","date_gmt":"2026-07-28T22:01:03","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=5010"},"modified":"2026-07-28T22:01:03","modified_gmt":"2026-07-28T22:01:03","slug":"flare-streamlines-defi-access-for-xrp-holders-with-smart-accounts-1-3","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/07\/28\/flare-streamlines-defi-access-for-xrp-holders-with-smart-accounts-1-3\/","title":{"rendered":"Flare Streamlines DeFi Access for XRP Holders With Smart Accounts 1.3"},"content":{"rendered":"\n
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Flare has rolled out Smart Accounts version 1.3<\/strong>, introducing a simpler way for XRP holders to access decentralised finance (DeFi) while continuing to use their existing XRP Ledger wallets.<\/p>\n\n\n\n

The upgrade removes several common barriers to DeFi adoption, eliminating the need to create additional wallets, manually bridge assets, or acquire gas tokens before interacting with decentralised applications.<\/p>\n\n\n\n

According to a press release shared with CryptoPotato, users can now complete the entire onboarding process with a single wallet signature, replacing the previous system that required two separate approvals.<\/p>\n\n\n\n

One Signature Unlocks DeFi<\/strong><\/p>\n\n\n\n

With Smart Accounts 1.3, users approve a single transaction from their XRP Ledger wallet.<\/p>\n\n\n\n

Once confirmed, the platform automatically converts XRP into FXRP and deposits the assets into the selected yield vault without requiring any further user interaction.<\/p>\n\n\n\n

The process is verified by the Flare Data Connector<\/strong>, which confirms the XRP Ledger transaction before smart contracts execute the remaining steps.<\/p>\n\n\n\n

Throughout the process, the original XRP remains securely locked on the XRP Ledger at a one to one backing ratio, allowing users to maintain full ownership of their assets while avoiding manual bridging and cross chain gas fees.<\/p>\n\n\n\n

The simplified experience arrives as demand for FXRP within DeFi continues to grow.<\/p>\n\n\n\n

Since February, the amount of FXRP deployed across decentralised finance protocols has increased by nearly 75%<\/strong>, rising from 82 million<\/strong> to 144 million<\/strong>. Flare also reported that more than 40 million XRP<\/strong> is currently generating yield through Smart Accounts across almost 24,000 accounts<\/strong>.<\/p>\n\n\n\n

More Yield Options for Users<\/strong><\/p>\n\n\n\n

Flare\u2019s Chief Product Officer, Filip Koprivec<\/strong>, said the update addresses one of the biggest obstacles preventing XRP holders from participating in DeFi.<\/p>\n\n\n\n

According to Koprivec, Smart Accounts 1.3 enables users to move directly from holding XRP to earning yield with a single wallet approval while preserving a fully non custodial experience.<\/p>\n\n\n\n

The release also expands investment choices by offering two different yield vaults.<\/p>\n\n\n\n

Users can continue using the existing Monarg<\/strong> vault or choose the newly introduced Clearstar Flare XRP Yield Vault<\/strong>, which generates returns through on chain lending and liquidity strategies.<\/p>\n\n\n\n

Flare said the Clearstar vault allocates FXRP across decentralised protocols such as Avant<\/strong> and Euler<\/strong>, while keeping all positions publicly visible for greater transparency.<\/p>\n\n\n\n

The company added that previous versions of the Clearstar strategy have already managed more than 33 million FXRP<\/strong>.<\/p>\n\n\n\n

Wider Wallet Compatibility<\/strong><\/p>\n\n\n\n

Smart Accounts 1.3 also broadens wallet support, allowing more XRP holders to access the service through Ledger<\/strong>, Xaman<\/strong>, Joey Wallet<\/strong>, WalletConnect<\/strong>, including Bifrost<\/strong>, and D\u2019CENT<\/strong>.<\/p>\n\n\n\n

Joey Wallet has gone a step further by integrating the Smart Accounts interface directly into its application, enabling users to complete the entire process without leaving the wallet.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Flare has rolled out Smart Accounts version 1.3, introducing a simpler way for XRP holders to access decentralised finance (DeFi) while continuing to use their existing...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5010","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=5010"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5010\/revisions"}],"predecessor-version":[{"id":5012,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5010\/revisions\/5012"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=5010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=5010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=5010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}