FAssets

The Launch of FAssets on Flare Network

The Flare Network introduces a breakthrough in DeFi interoperability with the introduction of FAssets.

What are FAssets?:

FAssets are Decentralized, overcollateralized representations of non-smart contract tokens like XRP, BTC, and DOGE.

These assets, such as FXRP, FBTC, and FDOGE, enable traditionally non-programmable assets to securely and trustlessly enter the world of smart contracts. The fAsset system leverages a multi-agent, multi-collateral mechanism, combined with Flare’s Core Vault infrastructure, to ensure that assets are minted and redeemed in a decentralized manner. This structure enables users to maintain full custody of their base assets while interacting with DeFi utilities natively on the Flare Network.

Luminite integrates directly with the fAsset system, making it simple for users to bridge their non-EVM assets into Flare. Within the wallet interface, users can mint FAssets by locking their native assets through the agent model, without the need for wrapping or relying on centralized exchanges. Once minted, FAssets can be used across DeFi utilities available in Luminite, including yield vaults, swaps, and staking protocols, though they remain subject to the inherent limitations of their underlying assets.

By supporting the minting, management, and full lifecycle use of FAssets, Luminite enables users to unlock the yield-generating potential of assets like XRP and BTC without relinquishing control or navigating technical complexity. This seamless integration positions Luminite as a core gateway into the emerging XRPFi economy and the broader cross-chain DeFi ecosystem powered by Flare.