Flare’s FXRP v1.2 Could Enable XRP Holders to Mint Synthetic Assets for DeFi With Capped Supply and Audits

• Controlled launch with a 5 million FXRP minting cap in week one

• Independent security audits by Zellic and Coinspect plus ongoing monitoring by Hypernative

• FXRP designed for lending, liquidity pools, and future collateral roles including an XRP-backed stablecoin

FXRP v1.2 on Flare: synthetic XRP minting capped at 5M week one, audited and non-custodial — learn how to mint FXRP safely on Flare.

Flare launches FXRP v1.2, enabling XRP holders to mint synthetic assets for use in DeFi with capped issuance and security audits.

Flare has launched its FAssets protocol with the debut of FXRP v1.2, enabling XRP holders to use their tokens in decentralized finance for the first time. The system allows minting of FXRP, a synthetic version of XRP, designed for use across lending platforms, liquidity pools, and decentralized exchanges.

This development gives XRP, a non-smart contract token, a new role in a composable DeFi framework without reliance on intermediaries. At launch, FXRP minting is capped at 5 million during the first week to ensure a measured rollout across the Flare network.

What is FXRP v1.2?

FXRP v1.2 is a synthetic representation of XRP issued on Flare’s FAssets protocol that lets XRP holders mint a non-custodial, overcollateralized token for DeFi. It enables immediate participation in lending, liquidity pools, and future collateralized products while preserving onchain verification via Flare oracles.

How does FXRP minting work?

Minting FXRP requires bridging XRP into Flare’s system and locking collateral to maintain overcollateralization. The process supports hardware and software wallets (Ledger, Luminite, Oxen Flow, Bifrost) and allows DEX acquisition on networks supporting FXRP trading.

Initial supply is capped at 5,000,000 FXRP in week one. Flare targets incremental increases after monitoring network health and liquidity uptake. Flare reports potential rFLR incentive programs for FXRP/USDT0 pools, with promotional yields that could exceed typical market rates.

What security checks back the FAssets launch?

FAssets underwent multiple independent audits by Zellic and Coinspect and received bug-bounty coverage on Immunefi. Additional reviews came from Code4rena and continuous monitoring is provided by Hypernative. Flare’s Flare Time Series Oracle and Flare Data Connector supply real-time data feeds for onchain verification.

Flare’s chief product officer, Filip Koprivec, states the design is non-custodial and overcollateralized to protect holders and ensure decentralization. These measures aim to reduce counterparty risk and preserve asset integrity within DeFi primitives.

How to mint FXRP on Flare (step-by-step)

1. Prepare XRP and a supported wallet: Hold XRP in Ledger, Luminite, Oxen Flow, Bifrost, or other supported wallets.
2. Bridge or swap: Use the Flare bridge functionality or DEX listings to convert/lock XRP into the FAssets minting flow.
3. Lock collateral and mint: Supply required collateral ratio, submit the minting transaction, and receive FXRP on Flare.
4. Use FXRP in DeFi: Deposit FXRP into lending markets, liquidity pools, or as collateral for future stablecoins and staking derivatives.
5. Monitor caps and incentives: Be aware of the 5M week-one cap and available rFLR incentives for targeted pools.

Frequently Asked Questions

Is FXRP custodial or non-custodial?

FXRP is designed to be non-custodial and overcollateralized, meaning users retain control of underlying assets through smart-contract mechanisms that enforce collateral ratios and minting conditions.

Can I trade FXRP immediately?

Yes. FXRP is available on supported decentralized exchanges and can be bridged from wallets; initial centralization is reduced through a capped issuance and staged liquidity incentives.

What is the initial minting cap for FXRP?

The initial minting cap for FXRP is 5 million tokens during the first week of launch, after which Flare may increase minting limits based on network stability and demand.

Key Takeaways

• Measured rollout: FXRP launch enforces a 5M week-one cap to protect liquidity and security.
• Security-first: Multiple audits (Zellic, Coinspect), Immunefi bounties, Code4rena review, and Hypernative monitoring.
• Broader utility: FXRP targets lending, LPs, and future collateral use—part of a wider move to tokenized non-smart contract assets.

Conclusion

FXRP v1.2 brings a controlled, audited path for XRP holders to access DeFi via Flare’s FAssets protocol. With a one-week 5 million minting cap, multiple security reviews, and non-custodial design, FXRP aims to expand XRP utility across lending, liquidity, and collateral roles. Watch for incremental supply changes and incentive programs as adoption grows.

Published: 2025-09-25 · Updated: 2025-09-25

Author: COINOTAG. Sources: Flare, Zellic, Coinspect, Hypernative, Immunefi, Code4rena, The Block, Midas, Axelar (mentioned as plain text).