Upshift, Clearstar, and Flare launch earnXRP yield product

Upshift Finance, Clearstar, and Flare Network have jointly launched earnXRP, a new yield product designed to generate returns denominated in XRP. The initiative is part of broader efforts to expand the emerging “XRPFi” ecosystem and put idle XRP to work in decentralized finance.

earnXRP allows users to deposit FXRP — a wrapped version of XRP on Flare — into a single vault that allocates capital across multiple on-chain strategies, including carry trades, staking, DeFi insurance underwriting via Firelight, and concentrated liquidity provision on automated market makers.

According to the teams, earnXRP targets yields ranging from roughly 4% to 10%, depending on vault size. Smaller vaults between $1 million and $10 million could reasonably achieve 7% to 10% yields, while larger vaults may see returns compress to around 3% to 4% as scale increases.

Users can redeem earnXRP tokens for FXRP at any time. The initial deposit cap is set at 5 million FXRP with no per-user limits, and fees are waived for the first 30 days following launch.