Kinetic FXRP

General information for everyone, not personal advice. We are never paid by the products we grade and take no commission on deposits. A risk grade is not a credit rating or a recommendation.

• -10 A smart contract holds the money. You keep your own wallet keys, but a bug in the code could lose funds.
• -10 Your XRP becomes FXRP on Flare through FAssets. FXRP is only as good as the agents and collateral behind it.
• -3 About $23.9M in it.
• -8 93% of the rate is paid in a reward token that can stop or fall in value.

The facts

Rate

0.60% a year (current yearly rate as reported by DefiLlama (it changes every day))

Of which reward tokens

0.56%

Size

$23.9M

Lockup

None.

Getting your money out

Withdraw any time while the pool has unlent cash; if most of it is lent out, you wait until borrowers repay.

Who holds the keys

Smart contract: A smart contract on Flare (you keep your wallet keys)

Chain

Flare

Bridge

FAssets (XRP → FXRP on Flare)

Age

Since Jul 23, 2024

Audits

2 report 1

Data source

DefiLlama yields API · read Oct 16, 17:55 UTC

• Age is when DefiLlama started tracking the protocol or this pool, whichever is earlier: a close stand-in for its launch.
• Needs FXRP: XRP turned into a Flare token through FAssets.

Product site: kinetic.market (no referral code; we earn nothing if you use it)

Email me if this grade changes