The next evolution of XRP in DeFi is here. With the launch of FAssets v1.1 on Songbird, minting FXRP is now more scalable, capital-efficient, and user-friendly than ever — and Bifrost Wallet provides both a secure wallet and a trusted agent for minting and redeeming your FXRP.
What’s New in FAssets v1.1?
FAssets v1.1 marks a significant upgrade in Flare’s infrastructure for trustless, decentralized assets. Key improvements include:
- Unlimited FXRP minting (initially capped at 750,000 FXRP for stability)
- Lower collateral requirements for agents (1.3x versus previous levels)
- Introduction of the Core Vault to enhance liquidity and free up capital
- A multi-layered security model using time-locked escrow accounts and multisig control
- Full composability with DeFi protocols
And yes — you can mint FXRP using Bifrost as both your wallet and agent.
Watch: How to Mint FXRP with Bifrost Wallet
To make it easier, we’ve created a step-by-step video tutorial showing how to mint FXRP using the Bifrost Wallet at fassets.au.cc
This tutorial covers:
- Connecting to fassets.au.cc using WalletConnect
- Choosing Bifrost as your agent
- Receiving FXRP on the Songbird network
Why the 1.3x Collateral Requirement?
Agents in the FAssets system — like Bifrost — lock 1.3x the value of user-supplied XRP in a mix of SGB, FLR and stablecoins. This ensures:
- System integrity and protection against market volatility
- Trustless redemption of FXRP at any time
- Eligibility to earn minting fees in return
Agents can also access additional collateral from community pools, which are incentivized with bi-weekly rFLR rewards to help maintain a liquid and responsive system.
Get Started with FXRP in Bifrost Wallet
With FAssets v1.1, XRP is ready for composable DeFi — first on Songbird, and soon on the Flare mainnet. This opens up new opportunities in restaking, liquidity provision, and beyond.
With Bifrost Wallet, you can:
- Store and manage FXRP securely
- Mint FXRP via fassets.au.cc with Bifrost as your chosen agent
- Be ready for the next wave of DeFi innovation on Flare and XRP
The door to XRP DeFi is now open. Welcome to enter!
