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Flare extends the utility of existing non-smart contract assets by enabling them to be used in decentralized applications. This guide provides a practical overview on the core ways users can interact with Flare today, including using FLR, minting FXRP, and participating in DeFi across the ecosystem.

What is Flare?

Flare is a Layer-1 blockchain with native data protocols built directly into the network. These include: 

  • Flare Time Series Oracle (FTSO): Provides decentralized price and data feeds. 
  • Flare Data Connector (FDC): Enables trust-minimized access to external and cross-chain data.

Flare is EVM-compatible and supports DeFi, interoperability, and data-driven applications. It also allows XRP to be used in DeFi through the FAssets system. 

What can you do with FLR?

FLR is the native currency that powers the Flare network. FLR is used for transaction fees, governance, and a host of DeFi activities to earn rewards or generate yield. 

Stake FLR

FLR can be staked to validators on Flare to earn rewards while helping secure the network. Rewards are paid out roughly every 2 weeks.

Stake FLR & claim staking rewards on the Flare Portal: https://portal.flare.network/

Learn how to stake FLR: How to stake to Flare Validators | Tutorial

Delegate FLR

FLR can also be delegated, meaning a FLR holder assigns their FLR tokens (and in doing so, their voting power) to FTSO data providers. Delegation rewards are paid out roughly every 3.5 days.

Delegate FLR on the Flare Portal: https://portal.flare.network/ 

Learn how to delegate FLR: How to Wrap, Delegate and Claim FLR | Tutorial

Look up Delegator rewards rates & uptime: https://flaremetrics.io/ 

Read our Delegate 101 guide: https://flare.network/news/how-do-i-delegate-my-flare-tokens-and-earn-rewards 

Where can you find FLR?

FLR is available on centralized exchanges which include:

FLR that is acquired on an exchange can be left there, or withdrawn to a self-custodial wallet that supports Flare.

What wallets can you use on Flare?

There are many wallets available for Flare use. Supported wallets include:

Different wallets come with their own features, apps, and benefits so be sure to do your research to find the right fit. 

Find a Flare wallet: https://flare.network/wallets 

How to Choose & Set Up a Flare Wallet: https://www.youtube.com/watch?v=GzFxY859O5U 

What can you do with FXRP?

FXRP is a representation of XRP on Flare, created via the FAssets system, that allows XRP holders to use their assets in DeFi. When FXRP is minted on Flare, the original XRP remains locked on the XRP Ledger. FXRP can be redeemed back to XRP at any time. 

Learn more about FXRP & FAssets: https://flare.network/products/fassets 

FXRP explained in 90 seconds: FXRP Explained in 90 Seconds

Mint FXRP

FXRP can be minted on:

FXRP can also be minted directly on certain Flare wallets:

How to Mint and Redeem FXRP on Flare with Xaman: https://www.youtube.com/watch?v=-3TPLIszPUc 

How to Mint & Redeem FXRP on Flare with Bifrost: https://www.youtube.com/watch?v=1lETSE9YlXQ

Trade FXRP

FXRP can also be traded with other Flare assets on DEXs such as:

FXRP is also available in Hyperliquid’s spot market:

Supply FXRP

FXRP can be supplied to liquidity pools on:

Use FXRP as collateral

FXRP can also be used to open Collateralized Debt Positions (CDPs) on Enosys to mint a new decentralized stablecoin (backed by XRP).

Use in earnXRP 

FXRP allows XRP holders to maintain exposure while accessing a broad set of yield opportunities.

Access Enosys CDPs here: https://loans.enosys.global/ 

Stake FXRP

Users can stake their FXRP to earn rewards. When a user stakes FXRP, they receive staked XRP (stXRP), a liquid staking token that can be used in DeFi while simultaneously earning staking rewards.

Stake FXRP on Firelight: https://firelight.finance/ 

Learn how to stake FXRP: How to stake FXRP with Firelight

Early participants are eligible to earn Firelight Points, designed to reward initial usage and activity on the protocol.

What can you do with stXRP?

stXRP continues accruing staking rewards while remaining usable in Flare DeFi.

Trade stXRP

stXRP can be traded with other Flare assets on dApps like:

Use stXRP in DeFi

stXRP can be used for: