D’CENT launches Flare XRP yield vault with $40K rewards

D’CENT launched a three-week Flare campaign on May 19 that runs through June 8, letting XRP holders deposit tokens into the Monarq XRP Yield Vault (MXRPY) via the D’CENT mobile app’s Discovery tab. The company is waiving its platform fee on vault deposits for the campaign and has set a $40,000 reward pool split between XRP and FLR.

Users can move XRP from cold storage into the yield vault while keeping assets in a hardware wallet environment. D’CENT is an official Flare Smart Accounts partner and removes the need for users to buy separate gas tokens; standard Flare network fees are deducted automatically from deposited XRP to cover transaction costs. Campaign participants remain responsible only for Flare’s basic fees.

The initiative directs deposits into MXRPY and reduces extra wallet configurations and external transaction steps that can discourage hardware-wallet users. The reward pool is designed to encourage holders with idle XRP to try yield options.

IoTrust, the maker of the D’CENT hardware wallet, announced an XRP Alliance on May 12. Initial partners named by the company include Flare, Squid Router, Doppler and Banxa, with additional partners to be added over time. The Flare campaign is the first major rollout tied to the new alliance.

The announcement described the campaign as aimed at “solv[ing] the biggest problem for the global XRP Army: having their XRP tokens just sitting in wallets as idle assets.” It added that the integration “offers the best way to use XRP without giving up the security of a cold wallet” and that the alliance seeks to expand the Ripple ecosystem and help holders put idle assets to work safely.

IoTrust reported serving about 1 million users across 220 countries and recorded more than $8.5 million in revenue in 2025, reaching profitability that year. The company positioned the campaign as a gateway for hardware-wallet users to interact with Flare-based services while retaining cold-wallet protections.