Thanks to the new integration with the Flare blockchain, XRP holders can now access DeFi through a single transaction in the Xaman wallet. The system uses FAssets to create wrapped XRP tokens and leverages Flare smart accounts to eliminate the hassle of using a separate wallet, simplifying the previously complex multi-step process into one step. This move aims to unlock over 2 billion XRP tokens (worth approximately $3 billion) that are currently idle due to usability issues.
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Thanks to the new integration with the Flare blockchain, XRP holders can now access DeFi through a single transaction in the Xaman wallet. The system uses FAssets to create wrapped XRP tokens and leverages Flare smart accounts to eliminate the hassle of using a separate wallet, simplifying the previously complex multi-step process into one step. This move aims to unlock over 2 billion XRP tokens (worth approximately $3 billion) that are currently idle due to usability issues.