the age of XRP DeFi is upon us 🚀

Added: 2026-05-23

[00:00:00]Everyday now we're hearing about new DFI opportunities for XRP holders and this is actually really really good news.

[00:00:08]Yesterday I already talked about flare and flare is doing really really good things for XRP holders. I talked about the German wallet integration and how you can actually manage all that stuff from the German wallet app, but some people are still concerned that this is software based. So it's it's a kind of a hot wallet German even though it's you know well trusted wallet in the XRP community. Normally if you have a hardware wallet and you hold your XRP in a hardware wallet, you have to sort of go to a software wallet. Now people are saying move your XRP to a software wallet. You don't have to you could just log in into software wallet with the same key. So you don't actually have to move the XRP to a different wallet. You could just use a software wallet that's compatible to access your XRP on the chain. So some misconceptions there. Anyhow, some people are not happy with having to you know move between wallets and you know send XRP to flare and all that sort of stuff. So obviously the German wallet solves that situation, but the hardware situation is still kind of looming in many people's minds, which is why this is awesome. So a couple of days ago the XRP Alliance was launched by flare and decent. Decent is a company that makes hardware wallets are very very popular with XRP. I've got one XRP holders. A lot of people in the UK, in Japan, Korea have this cold wallet, the decent wallet. You know the one with the biometrics. I don't have it here. I've actually got it in secure storage somewhere. You can access it via your thumb, you know your your biometric data etc. I've got a link to it in the description if you're interested or if you don't know what it is, you can go check it out. So this decent wallet is a hardware wallet. And obviously to access the hardware wallet, you don't have to, but uh, you connect that to the D'CENT on app that comes with the wallet, so you can monitor your crypto and participate in all sorts of things, you know, move, sell, buy, send, etc. via the app. Now, that app has integrated Flare, or you can say Flare has integrated into that app, such that if you have a D'CENT wallet and you have uh, the app. So, you log into it. So, inside that app you can actually now manage the whole F-Assets, FXRP uh, protocol. You can um, get in there and do your yielding.

[00:02:36]The two available yield pools at the moment that have been provided by these two companies. And to celebrate, I don't know if this is ongoing, again, check it out quickly, link in description, uh, there is some kind of promotion whereby you don't actually pay the base fees for the the uh, platform. So, they waived some fees, so you can get in there and get some kind of discount. I mean, I haven't done it yet. I don't need to do it. I've got other things that I'm doing. I'm I've already got my F-Assets, so I don't I I don't need to, you know, do it this particular way. But, if you've got your XRP sitting on uh, in a D'CENT wallet and, you know, you want to participate in this, you now don't have to move your coins anywhere. You can just do it right from your hardware wallet, do your F-Assets uh, minting. Fees I think are waived, okay? So, no need for uh, F-Assets gas fees and all of that stuff. All the gas fees or whatever it is that you need to pay are handled in the background by the D'CENT wallet and the XRP ledger. No need to think about going off to buy F-Assets tokens or or, you know, for gas fees like they did in the beginning when the project just first launched. So, this is getting better and better.

[00:03:48]But, what's amazing is now we have this XRP Alliance, which was formed again by Flare and Dissent. There are two other companies that aren't I they're not wallet apps or they're just like uh infrastructure providers that facilitate this stuff in the background. And of course the XRP ledger is a fundamental part of it because that goes without saying. Now Flare themselves are an L2 company and you can say they're they're an XRP L2 even though they do also function with Bitcoin and Ethereum blockchains. But you can call them uh an XRP L2. And they've been bridging the gap between XRP and DeFi which has been a little bit thin because of the lack of native smart contracts on the XRP ledger. But now with Flare and some other protocols that have been built as well, you know, the sky's the limit now with how much uh institutional-grade DeFi that we have access to now. Now again, like I said before, many other companies are doing the same thing. Even though some of the companies like Coinbase and Binance they're trying to access the DeFi uh potential of XRP by wrapping some their own Ethereum-based token with XRP hoping that people would, you know, get into that instead of actually providing native XRP L2 functionality, right?

[00:05:16]Which is what Flare I think is doing well. Which is one of the reasons why I'm such a big fan of Flare. Now two bits of warning here. First of all just because you're managing things on your hardware wallet so yes, you have your keys and yes, it's your crypto that doesn't remove the risks the standard DeFi risks because your F-assets are still interacting with smart contracts, okay? So the regular smart contract risks they still apply.

[00:05:47]things like impermanent loss, etc. But, you do at least hold your keys and you're not letting go of your XRP crypto. So, that's the first thing.

[00:05:58]The second thing that you're going to notice is you may have already even received this. There's a lot of emails that are going around pretending to be Flare, pretending to be XRP Alliance, pretending to be decent. Now, if you get one of those emails, just delete immediately. Neither Flare nor decent would ever email you about anything.

[00:06:18]They don't need to. The whole point of DeFi is that you take control of your own keys and do your own thing. There's no reason why decent would email you about this or ask you to download anything. So, if somebody send you an email, even if it looks really legit, they might talk about airdrops and things like that, don't click on those.

[00:06:36]If you click and install them, you're going to get hacked. They're going to get your keys and then everything is going to go I've said this before on here. I get a hundreds of those emails a week. Even my filters aren't working.

[00:06:47]Some of them get through the filters and I still see them. So, again, to protect myself, I only do my finances and my crypto on that device I keep showing you guys.

[00:06:58]That that device, I don't have any email apps on there. I don't check any emails on there. I don't have any web browsing.

[00:07:05]I can if I wanted to, but I don't use web browsing. I don't use email. All I do is crypto finances on that particular device. I have other devices also for my testing purposes. So, I've kept my possibility to get hacked to a minimum.

[00:07:22]Every day I'm hearing these big, big crypto people getting hacked for millions of dollars and it's amazing to me how someone can be in crypto for that long and still get hacked. There's some simple behavioral things like isolating where you do things and separating things. Very simple. The crypto technology itself now is so mature and so strong. It's nearly impossible to hack this technologically, which is why they use social engineering and you know backdoor stuff hoping that you wouldn't notice. So again, in the description, I've got a link a discount link to that device if you want to use that to protect yourself.

[00:08:00]I've got a link to the decent wallet if you want to get one from the manufacturer and what else have I got there? Yeah, those two things. So check those out in the description section.

[00:08:12]Both affiliate links. So shout out to the XRP Alliance.

[00:08:17]I'm willing to bet we're going to get more companies join the XRP Alliance.

[00:08:21]This is only just the beginning. The whole point of the XRP Alliance is to boost the DeFi or to provide XRP Army or XRP holders with DeFi. Obviously it's a win-win as well because while we're being provided new ways to earn yield on our tokens that just been sitting locked in our pockets for this long.

[00:08:43]Obviously for them as well, it's massive DeFi opportunity for these companies too.

[00:08:48]Not financial advice, do your own research. I'll see you in the next one.