Luminite, a seedless wallet without custody designed to make decentralized finances (defi) accessible to XRP (XRP) holders will be launched on the flash network as part of a broader impulse to give intelligent contract functionality to the assets that historically lacked it.
“By eliminating the complex entrance barriers, we are allowing anyone, from first level users to seasoned cryptocurrencies, access the full power of the Bengal Ecosystem,” said Luminite’s team in a statement.
“It’s about making defi accessible, not only for crypto-national, but for the next wave of users who discover blockchain through real utility,” said the team.
Built with the embedded infrastructure of Turnkey, Luminite omits seed phrases in favor of testing, biometry or email firmations.
Users can acquire FLR and XRP through integrated fiduciary input ramps such as Topper, then directly compromise with the DEFI protocols in FLARE, including services such as bets, exchanges, synthetic FXRP and bridge assets through Stargate.
For XRP holders, it means that in the coming months it will be possible to wrap the token in FXRP through the Flare Flare Flare protocol and deploy in bet and liquidity products. Once the feature is launched, it will give the headlines a reason to remain within the FLARE ecosystem instead of joining elsewhere.
If this becomes sticky, it will depend on what comes next: sustained growth of TVL, liquidity incentives and if developers begin to build tools that integrate XRP so that users of Ethereum and Solana already expect.
Read more: XRP obtains another impulse from Defi through the Flare and FXRP fakes, says Messari
Correct (August 5, 15:33 UTC): The company corrects the availability of the XRP wrapping for “in the coming months.” An earlier version of the story said it was already available.
