Most XRP holders let their tokens sit idle. That’s a missed opportunity.
A new yield product called earnXRP is changing that by bringing XRP into DeFi—without forcing users to abandon the asset they believe in. Built jointly by Upshift Finance, Clearstar, and Flare Network, earnXRP allows users to earn XRP-denominated yield directly on-chain.
And the timing couldn’t be better.
Despite XRP being the fifth-largest cryptocurrency by market cap, only 0.1% of its supply is currently used in DeFi, according to Ethan Luc, growth lead at Upshift. earnXRP aims to unlock that dormant liquidity.
XRP yield is live on @FlareNetworks, powered by Upshift.
— Upshift (@upshift_fi) December 22, 2025
Launched in 2012, XRP is the 5th largest token at a market cap of $116B. Now it is unlocked on Flare.
Deposit now: https://t.co/PGqRHNZs0Q pic.twitter.com/NmWAESvGTh
How earnXRP Works
The product is built around FXRP, a wrapped version of XRP on the Flare Network.
Users deposit FXRP into an earnXRP vault, where capital is automatically allocated across multiple on-chain strategies. Instead of chasing yields manually, the vault does the heavy lifting.
At launch, earnXRP deploys funds across:
- Carry trades
- Staking and cover underwriting via Firelight
- Concentrated liquidity provision in automated market makers
More strategies may be added over time as the ecosystem matures.
What Kind of Yields Can Users Expect?
Yields depend on vault size.
According to Clearstar Labs:
- $1M–$10M vaults: Target yields of 7%–10%
- $50M–$100M vaults: Yields likely compress to 3%–4%
Overall, earnXRP is targeting 4%–10% XRP-denominated returns, offering a compelling option for long-term holders.
How earnXRP Compares to Other XRP Yield Products
The launch follows similar efforts like mXRP, introduced by Midas in partnership with Interop Labs and Hyperithm. mXRP currently holds around $20 million in TVL and targets 6%–8% base yields, with additional upside from DeFi strategies.
Unlike receipt-style tokens such as stXRP from Firelight Finance, earnXRP functions as a vault token, dynamically allocating capital across multiple protocols rather than representing a single staking position.
Withdrawals, Fees, and Access
Flexibility is a key feature:
- Users can withdraw anytime by redeeming earnXRP for FXRP
- Initial deposit cap: 5 million FXRP
- No per-user limits
- Zero fees for the first 30 days
Deposits are available through the Upshift platform. Users simply need to mint or swap into FXRP on Flare before participating.
The Bigger Picture
earnXRP isn’t just another yield product—it’s a signal that XRPFi is finally gaining momentum. By putting idle XRP to work on-chain, Flare and its partners are opening the door to a more productive future for one of crypto’s most widely held assets.
For XRP holders, that could be a game-changer.
