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What Is FXRP? XRP on Flare, Explained

Updated 2026-10-29

Short answer: FXRP is XRP brought onto the Flare network so it can be used in Flare apps (lending, trading, vaults). Each FXRP is backed by real XRP held on the XRP Ledger, plus extra collateral on Flare. You can turn it back into XRP whenever you like. It's made by Flare's FAssets system.

Why it exists

The XRP Ledger has no general-purpose smart contracts, so XRP can't be lent, borrowed or used in most DeFi apps there. FAssets bring a copy onto Flare: an ordinary token (like WFLR or USDT0) that works with MetaMask and Flare apps. When you're done, you swap it back for real XRP on the XRP Ledger.

How XRP becomes FXRP (minting)

  1. You use a minting app listed in Flare's official documentation and enter your Flare address.
  2. The app tells you to send XRP from your XRP Ledger wallet in one payment, with your Flare address encoded in the payment (as a destination tag or memo). The app builds this for you.
  3. Flare's Data Connector checks that the payment really happened on the XRP Ledger.
  4. FXRP arrives at your Flare address.

Fees (checked on-chain on 29 Oct 2026; they can change): a minting fee of 0.1% (at least 0.1 XRP), plus 0.2 XRP for the service that finishes the minting on Flare. Both come out of the XRP you send. A very small payment can be swallowed entirely by the minimum fee, so don't test with a tiny amount.

You can also buy FXRP from someone else on a Flare exchange instead of minting it.

How FXRP becomes XRP again (redeeming)

  1. In a minting app, choose Redeem, enter the amount and your XRP Ledger address (and destination tag, if it's an exchange address that needs one).
  2. Your FXRP is burned on Flare.
  3. An agent (a vetted operator who holds the backing XRP) sends XRP to your XRP Ledger address.
  4. If the agent fails to pay in time, you're compensated from the agent's collateral instead, with a premium on top.

What backs it

  • The XRP itself, held by agents and in a shared Core Vault on the XRP Ledger.
  • Extra collateral on Flare: agents lock stablecoins and FLR worth more than the XRP they back. If prices move and their collateral runs low, they're liquidated before it falls short.
  • Prices come from Flare's FTSO oracle, and payments are checked by the Data Connector, both built into the network.

Risks to understand

  • Smart contract risk: FAssets is complex code, and any smart contract can have bugs.
  • Price swings: FXRP follows the price of XRP. If you borrow against it (for example on Ēnosys Loans), a fall in XRP can get your loan liquidated. Keep an eye on its health on your Portfolio.
  • Limits: large mints can be delayed by hourly and daily limits, and redemptions have a minimum amount.
  • Copies on other networks: FXRP can be bridged to other networks (Ethereum, Base and others) through LayerZero. Bridging adds another system you rely on; the backing stays on Flare.
  • Fake tokens: anyone can create a token called "FXRP". The real one on Flare is 0xAd552A648C74D49E10027AB8a618A3ad4901c5bE. Check a token's contract address before you buy.

Watch out

  • Only use minting apps you found through Flare's official documentation, never a link from a DM or a reply. A fake minting site can give you a payment address that isn't the real one.
  • Never send XRP to an address someone gives you in a chat. The real minting app builds the payment; you just confirm it in your XRP wallet.
  • Minting and redeeming never need you to share your seed phrase or "verify" your wallet. Anyone asking is a scammer.
  • Approvals: using FXRP in DeFi apps creates token approvals. Review them from time to time and revoke the ones you don't use.