Flare is quite an interesting product, a full-stack L1 blockchain
One of their core products , FAssets acts as a bridge between non-smart-contract assets and the world of DeFi
Just like they did with XRP, they created an FXRP version to integrate it into DeFi
And now XRPFi is essentially DeFi built around XRP
Let’s break FAssets down:
Tokenized versions of assets that don’t support smart contracts
Currently, all of this is running on Flare’s testnet, Songbird
But the mainnet launch is expected
According to them, this model is also planned to scale beyond XRP
They plan to launch FBTC, FDOGE, and other FAssets
As well as introduce liquid staking for these products via the @Firelightfi protocol
Sounds intriguing, it's worth understanding what’s currently backing this ecosystem
Planning to take a closer look into the report below ⬇️
(DYOR, NFA, lol)
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