Flare released Smart Accounts version 1.3 on July 28, 2026, enabling XRP holders to mint FXRP and deposit assets into yield-generating vaults using a single signature from their existing XRPL wallet. The update eliminates the need for XRP holders to create additional wallets, bridge assets across networks, or maintain separate gas tokens before accessing decentralized finance returns. The release responds to adoption barriers that historically required multi-step technical processes, as users can now select a vault, provide one signature through their current XRPL wallet, and allow the platform to handle remaining operations automatically without requiring an EVM wallet, native gas tokens, or manual bridging.
Flare Consolidates XRPL Transactions Into Single-Signature Process
Version 1.3 consolidates what previously demanded two separate XRPL signatures into one transaction. The underlying XRP remains secured on the XRP Ledger through FXRP's one-to-one collateral model, while Flare handles the minting of FXRP and its allocation into the user's chosen yield strategy. The Flare Data Connector verifies the XRPL transaction on the Flare network, which then permits a smart contract tied to the user's XRPL address to execute the requested operations without further manual input.
"Millions of XRP holders have wanted access to DeFi, but the experience has been too complex," said Filip Koprivec, CPO at Flare network in a written statement. "With Smart Accounts v1.3, users can go from XRP to yield with a single signature while remaining fully non-custodial," he added.
FXRP Deployment Increases 75 Percent Since February 2026
Since February 2026, FXRP deployed across decentralized finance protocols increased by approximately 75 percent, rising from 82 million to 144 million FXRP. Current data indicates that more than 40 million XRP is actively earning yield through Flare Smart Accounts, while the total number of Smart Accounts created has approached 24,000.
Clearstar Flare XRP Yield Vault Joins Available Strategies
Version 1.3 broadens the selection of yield strategies accessible through Flare Smart Accounts by introducing the Clearstar Flare XRP Yield Vault. Users now have access to two actively managed FXRP vaults with distinct methodologies. The Monarq XRP Yield Vault, managed by Monarq and majority-owned by FalconX, employs a combination of options strategies, basis trading, funding-rate capture, and on-chain DeFi allocations that shift according to market conditions. The newly available Clearstar Flare XRP Yield Vault operates entirely on-chain, allocating FXRP across lending and liquidity protocols on Flare such as Avant and Euler. All positions in this strategy are publicly verifiable on-chain, and the vault has previously overseen more than 33 million FXRP in deposits.
Flare Adds Ledger, Xaman, Joey Wallet, and WalletConnect Support
Flare is widening wallet compatibility by adding support for Ledger, Xaman, Joey Wallet, and WalletConnect, including Bifrost. These options complement the existing D'CENT integration, allowing a broader segment of XRP holders to interact with Flare's yield infrastructure through familiar interfaces. Joey Wallet, a self-custodial XRPL wallet featuring sub-three-second onboarding and social login capabilities through Web3Auth, has embedded Flare Smart Accounts directly as an in-wallet decentralized application. This integration allows users to mint FXRP and allocate funds into yield vaults without exiting the wallet environment.
"There's a lot of overlap between the XRPL and Flare communities, so integrating Flare Smart Accounts just made sense," said Christopher Troia, Co-Founder of Joey Wallet in a written statement. "It brings a breath of fresh air for XRP holders, letting them start putting their XRP to work in a seamless way," he added.
Users can access the updated Flare Smart Accounts through fsa.flare.network/vaults or via supported wallets including Joey Wallet, Xaman, and D'CENT.
FAQ
What did Flare release on July 28, 2026?
Flare released Smart Accounts version 1.3, which enables XRP holders to mint FXRP and deposit assets into yield-generating vaults using a single signature from their existing XRPL wallet without requiring an EVM wallet, native gas tokens, or manual bridging.
How much has FXRP deployment increased since February 2026?
FXRP deployed across decentralized finance protocols increased by approximately 75 percent since February 2026, rising from 82 million to 144 million FXRP. More than 40 million XRP is actively earning yield through Flare Smart Accounts, and the total number of Smart Accounts created has approached 24,000.
Which wallets now support Flare Smart Accounts v1.3?
Flare added support for Ledger, Xaman, Joey Wallet, and WalletConnect (including Bifrost) in version 1.3, complementing the existing D'CENT integration. Users can access Flare Smart Accounts through fsa.flare.network/vaults or via these supported wallets.
