Flare, Doppler Expand Access to FXRP Vaults for XRP Users

Flare and Doppler have integrated their platforms to give XRP holders access to FXRP vaults and Flare-based yield products through Doppler, including strategies from outside providers.

Flare and Doppler announced the integration in posts on X on Oct. 3. The arrangement gives XRP holders access to Flare-based yield products and FXRP vaults through Doppler’s platform.

FXRP represents XRP on the Flare network through its FAssets system. XRP holders can deposit XRP into the system and receive FXRP for use in decentralized finance applications, including vaults and lending markets.

Flare reported that about 145.2 million FXRP had been issued as of Sept. 24. Approximately 130 million FXRP had entered DeFi applications by that date, according to the company.

Rox Park, Doppler’s head of institutions, described the integration as part of Doppler’s broader financial infrastructure for XRP. The platform will offer strategies managed by outside providers alongside products developed by Doppler.

Each strategy will have its own operating terms and risks. Users will need to review those details before depositing assets into a vault or another product.

Doppler reported more than $150 million in deposits across its XRP and RLUSD products. In an X post, the company described the integration as offering “more ways to use XRP, without having to look elsewhere.”

Doppler plans to add support for other networks and assets, including Base and Coinbase Wrapped XRP.

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