- FAssets announced a new utility of XRP, BTC, and DOGE with the opportunity to earn yield
- According to the FAssets website, the system allows non-smart contract tokens such as XRP, BTC, and DOGE to be used within smart contracts on Flare
- The project team hinted that FAssets can unlock up to $800 billion in non-smart contract-compatible digital assets
Flare Labs has revealed that FAssets has the potential to redefine the utility of XRP, offering holders the opportunity to earn yield or bridge their tokens to other networks.
In a recent tweet, the research team at Flare Labs, responsible for developing the FAssets protocol, drew attention to key areas of interest for crypto market participants. It highlighted the potential for yield generation and the capability to bridge tokens such as XRP, Dogecoin (DOGE), and Bitcoin (BTC) to other networks.
“The FAssets system will give your BTC, XRP, and DOGE a new purpose. Earn yield in dApps on Flare or bridge to other ecosystems using LayerCake,” the Flare network team remarked in a post on X.
The #FAssets system will give your BTC, XRP & DOGE a new purpose.The post XRP, Dogecoin, Bitcoin Join DeFi Party Yield Earning with FAssets appeared first on Coin Edition.Earn yield in dapps on #Flare or bridge to other ecosyste…