Flare Network and D’CENT Wallet have officially announced a partnership enabling XRP holders to earn institutional-grade yield directly via their hardware wallets. This initiative marks one of the initial steps in D’CENT’s broader XRP Alliance program. By prioritizing hardware wallet security, the solution lets users deposit assets into yield vaults with just two signatures, requiring neither a secondary blockchain nor a new wallet.
Secure and seamless yield for XRP
According to the statement from Flare, D’CENT hardware wallet users can transfer their XRP directly into carefully curated yield vaults on the Flare network. The process does not involve a third-party blockchain or additional tokens; participation happens solely through existing wallets.
D’CENT Wallet currently serves over 300,000 hardware wallet users and boasts a total customer base exceeding 720,000, including its app. The company’s core markets include South Korea, the US, the UK, Canada, and Japan. D’CENT reports that its users collectively hold billions of XRP tokens.
The standout feature of this integration is that it allows users to earn yield without ever leaving the safety of their hardware wallets. Security has long been the top priority in the XRP community, and now yield opportunities are possible without the hassle of new chains or wallets.
D’CENT is recognized as one of Asia’s most widely used hardware wallets, particularly in Korea. Security has always been the main concern for XRP holders, who previously had to look elsewhere to earn yield on their assets.
Commenting on the partnership, Flare Network co-founder Hugo Philion highlighted that D’CENT users can now earn yield on XRP without sacrificing the security of their trusted hardware wallets. Philion believes this partnership has achieved a true institutional-grade XRPFi model.
XRP Alliance and Flare’s support
This new partnership launched in tandem with the XRP Alliance initiative, which D’CENT leads and Flare supports. Future members are set to include Doppler, Banxa, and Squid. The Alliance seeks to expand the XRP ecosystem and introduce new real-world applications for the cryptocurrency.
Flare Network has stated that its main role within the XRP Alliance is to provide a programmable layer for XRP. Through its FAssets system, Flare aims to represent XRP securely and transparently on-chain. The platform’s Smart Account architecture allows users to mint FXRP from XRPL signatures, instantly transferring these assets into yield vaults.
Smart Accounts route transactions based on instructions added to the memo field in XRPL operations. Using the Flare Data Connector module, the system relays transaction proof to Flare’s Smart Account System. Proxy smart contracts assigned to each user’s XRPL address then finalize the transfer.
Each EVM account links to an XRPL address controlled by the user’s signatures alone. During deposit, users approve two signatures from the D’CENT device: the first reserves collateral on Flare; the second sends XRP to the vault, mints FXRP, and moves assets into the earning protocol. Withdrawals follow the same dual-signature process, keeping users in full control at every step.
Flare further shared that its Monarq vault utilizes a multi-strategy approach to yield management. Monarq is predominantly managed by FalconX and optimizes returns with a blend of on-chain and off-chain methods. In addition, the earnXRP vault, developed alongside Cleanstar, is presented as an alternative income stream. D’CENT users can access both vaults directly, while non-D’CENT holders can participate via the Upshift platform.
