SparkDEX V3.1 FXRP-USD₮0

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.
• -15 Small: about $636K in it.
• -10 No public security audit we can link to.
• -10 Two-token pool: if the prices move apart you can end up with less than if you had just held.

The facts

Rate

18.0% a year (current yearly rate as reported by DefiLlama (it changes every day))

Size

$636K

Lockup

None.

Getting your money out

Withdraw any time; you get back both tokens in whatever mix the pool holds then.

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 Oct 9, 2024

Audits

None we can link to

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: sparkdex.ai (no referral code; we earn nothing if you use it)

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