Luminite, a non -gastronomic and seed portfolio without seeds designed to make decentralized financing holders (DEFI) accessible to XRP holders (XRP), launched on the Flare network as part of a wider thrust to give intelligent contract functionality to the active ingredients that were historically missing.
“By deleting barriers to complex entrance, we allow anyone – new users to experienced crypto holders – to access the full power of the Flare ecosystem,” the Luminite team said in a press release.
“It is a question of making defi accessible, not only for the crypto-swimming, but for the next wave of users who discover the blockchain via real utility,” said the team.
Built with the embedded infrastructure of the turnkey, Luminite jumps from seed phrases in favor of pass keys, biometrics or electronic panels.
Users can acquire FLR and XRP via integrated FIAT ramps like Topper, then engage directly with the protocols DEFI on Flare, including services such as implementation, Swaps, synthetic FXRP strikes and stewing of assets via Stargate.
For XRP holders, this means that over the next few months, it will be possible to wrap the token in FXRP via the protocol of flare and deploy on puncture and liquidity products. Once the functionality has been published, will give tokens holders a reason to stay in the Flare ecosystem instead of complaining elsewhere.
The question of knowing if it becomes sticky will depend on what comes then: sustained TVL growth, liquidity incentives and if the developers are starting to create tools that integrate XRP so that Ethereum and Solana users are already expecting.
Read more: XRP obtains another boost DEFI through the Fasts de Flare and the FXRP, says Messari
Correct (August 5 3:33 PM UTC): The company corrects the availability of XRP packaging at “in the coming months”. An earlier version of the story said it was already available.
