Flare Network Launches Luminite Wallet for XRP Holders to Access DeFi
Flare Network has launched Luminite, a non-custodial wallet aimed at making decentralized finance (DeFi) accessible for XRP holders. Key features include:
- Elimination of seed phrases, using passkeys, biometrics, or email sign-ins.
- Integration with fiat on-ramps like Topper to acquire FLR and XRP.
- Direct access to DeFi protocols on Flare, including staking, swaps, and asset bridging.
- Ability to wrap XRP into FXRP via the FAssets protocol for use in staking and liquidity products.
The initiative aims to attract both new and experienced users to the Flare ecosystem. Future success will depend on factors such as total value locked (TVL) growth, liquidity incentives, and developer engagement.