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Meet Luminite: A new way to DeFi on Flare
Flare is excited to announce the launch of Luminite, the first Flare-native wallet to leverage Turnkey’s embedded wallet technology. With Luminite, users can now access Flare’s growing DeFi ecosystem while experiencing frictionless onboarding and onramping. Everything a user needs to get started on Flare, now bundled into a single, secure wallet.
How does Luminite stand out as a wallet?
Seedless onboarding with Turnkey
Ushering in the next wave of DeFi users will hinge on simplicity, security, and accessibility. This will be particularly important for XRP holders looking to unlock DeFi opportunities on Flare — a first many XRP holders. Luminite will enable these holders to be onboarded seamlessly.
Luminite’s wallet experience starts with Turnkey’s advanced embedded wallet infrastructure, which enables users to create and access their wallets instantly through familiar authentication methods like biometrics, passkeys, or email. No risky seed phrases are needed. This simplified onboarding process aligns with Flare’s vision of making DeFi accessible to all, eliminating traditional pain points while still upholding top-tier security standards.
Frictionless onramping
After being onboarded, new Luminite users can fund their wallet through a range of integrated onramp providers. Onramps are payment gateways such as cryptocurrency exchanges that allow you to buy crypto with traditional fiat currencies like USD or EUR.
Luminite reduces the number of steps it takes to fund a wallet by aggregating Flare’s onramp partners, like Topper, directly into the wallet. This means new users can buy FLR, XRP, and other assets in just a few clicks without having to hop between multiple apps or services.
How does Luminite provide value to Flare DeFi?
The significance of Luminite extends beyond simple wallet setup and onboarding — it is a wallet specifically designed to provide users with a gateway to Flare DeFi. XRP holders and new DeFi participants can jump right into a range of DeFi activities without a steep learning curve. The ease-of-use and accessibility removes entry barriers that have historically kept XRP holders and new users on the sidelines.

With Luminite, users can:
- Delegate FLR to FTSO data providers: Delegating FLR means assigning vote power to an FTSO Data provider to increase the data provider’s voting influence. Delegating allows you to earn a share of the network rewards that FTSO providers receive for providing accurate data.
- Mint FXRP (via FAssets): Mint FXRP to unlock DeFi opportunities with XRP (e.g. lending, borrowing, earning yield)
- Swap assets: Swap FLR for USDT0, SGB, and other Flare assets directly from Luminite.
- Bridge assets to/from other chains: Through Flare’s Stargate integration, users can bridge assets from other blockchains to Flare, and vice versa.
- Participate in liquid staking: Stake FLR on Sceptre — directly within Luminite — to receive sFLR, a liquid staked version of FLR that lets you earn staking rewards and participate in DeFi, without your assets being locked or inaccessible.
Accelerating DeFi
The Luminite launch arrives as Flare is experiencing a period of rapid DeFi growth, from Total Value Locked (TVL) on Flare to user participation. By offering seamless onboarding, frictionless onramps, and simplified access to Flare-native DeFi protocols on a single wallet, Luminite is set to accelerate DeFi adoption for XRP holders and new Flare holders alike.
As we continue launching new DeFi protocols and ramping up our XRPFi efforts, Luminite will play a key role in making Flare DeFi accessible and user-friendly for everyone. In addition, as part of our focus on onboarding new users, Flare is preparing a new Learn & Earn program with Revolut that will reward users for learning about, exploring, and engaging with the Flare ecosystem. Stay tuned for more details.
Start today at luminite.app!
Disclaimer
This communication is not intended for, and should not be acted upon by, any person in the United Kingdom. The information contained herein does not constitute a financial promotion under the Financial Services and Markets Act 2000 (FSMA) and is not directed at or intended for distribution to any person in the UK. If you are located in the UK, please disregard this message.