Profit with 1 Signature...XRP, Is the DeFi Barrier Disappearing?

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Flare has unveiled a feature that allows XRP to be put into decentralized finance (DeFi) yield products with just a single signature.

According to crypto media outlet U.Today on July 28 (local time), Flare launched Smart Accounts v1.3. A single signature from an XRP Ledger wallet automatically handles FXRP issuance and deposit into yield vaults. Previously, users had to create an Ethereum Virtual Machine (EVM) wallet and transfer assets between blockchains. They also needed to acquire separate tokens for transaction fees. Flare stated that users retain control over their assets throughout the entire process.

Flare's XRPFi ecosystem is also growing rapidly. The amount of FXRP deployed in decentralized finance services increased from 82 million FXRP to 144 million FXRP in February 2026. The growth rate is approximately 75%. The volume earning yield through Smart Accounts has surpassed 40 million XRP. Approximately 24,000 Smart Accounts have been created.

Filip Koprivec, Flare's Chief Product Officer, stated, “Millions of XRP holders wanted to use decentralized finance, but the process was overly complex.” He added, “With Smart Accounts v1.3, users can deploy XRP into yield products with just one signature while maintaining control over their assets.”

This update reduced the required XRP Ledger signatures from two to one. Users' XRP is held on the XRP Ledger through FXRP's 1:1 collateralization structure. When the Flare Data Connector (FDC) verifies a transaction, a smart contract issues FXRP. It is then automatically deposited into the user's chosen yield strategy.

Investment options have also expanded. The Monarq XRP yield vault utilizes options, spot-future price difference trading, funding rate yield, and on-chain services. The newly added Clearstar Flare XRP yield vault allocates FXRP to lending and liquidity protocols such as Avant and Euler. This strategy previously managed deposits exceeding 33 million FXRP.

Smart Accounts v1.3 supports WalletConnect-compatible wallets, including Ledger, Xaman, Joey Wallet, and Bifrost. The previously supported wallet, D'CENT, can also be used. Joey Wallet users can issue FXRP and deposit it into yield vaults without leaving the wallet screen.

[Article Summary]

- Flare launched Smart Accounts v1.3, which handles FXRP issuance and yield vault deposits with a single XRP Ledger signature.

- FXRP deployed in decentralized finance increased by approximately 75%, from 82 million FXRP to 144 million FXRP.

- The volume earning yield through Smart Accounts has surpassed 40 million XRP, and approximately 24,000 accounts have been created.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*