- Thanks to Flare's new core vault feature, 750,000 FXRPs were cast in just four days.
- Core Vault allows agents to unlock collateral faster and resolve previous mint slowdowns in flare networks.
In just four days, 750,000 FXRPs were successfully cast via Flare's new system, Fassets v1.1. This improvement shows that the integration of Core Vault technology has actually had a significant impact on the efficiency of Flare's Defi Ecosystem.
Core Vault Unlocks FXRP Mint Flow
Facet systems were originally designed to bridge assets from traditional networks such as XRP, making them usable in the Defi world. However, in the first version, the facets were prevented. Cause? The asset-created agent supplying FLR collateral limits the capacity limit.
This hindered the mint process. This problem is very frustrating for users who want to quickly build facets when demand is high.
https://t.co/x5jiazkq5x
– FLARE DEVS (@flaredevhub) May 19, 2025
Now, Fassets v1.1 brings a new solution called Core Vault. Essentially, this is a kind of “smart vault” built directly into the original blockchain of assets.
For FXRP, this core vault is on the XRP leisure network. If an agent can deposit XRP at a special address, the mechanism of its behavior is very clever, and the flare system will immediately release locked FLR collateral. As a result, they can print again without having to wait long.
Furthermore, this core ball carelessly does not store funds. There is a multi-signature mechanism that ensures that no party has access to the safe alone. In fact, funds not used in daily work will be automatically locked into escrow. Imagine that a traditional financial system has a mechanism that is as cool as this.
With USDT0 integration, flare gives a great increase in fluidity
Meanwhile, Flare doesn't seem to focus solely on FXRP. As previously reported, they also integrated Omnichain Stablecoin USDT0 via Stargate Finance.
This means that users can now send USDT from Ethereum and USDT0 directly to the flare from networks such as Arbitrum, Berachain, Ink, SEI.
Also, on May 12, 2025, the total flare value locked (TVL) skyrocketed. In just a few days, its value rose from around $64 million to over $155 million. Main driver? Again, USDT0. This stability and access speed of Stablecoin makes the flare more attractive to players in the market.
Not only that, USDT0 is now available for direct trading on Kraken from May 5, 2025. The presence of major exchanges like Kraken makes USDT0 more accessible and also boosts its liquidity. It's one small step for integration, but the effects spread throughout the flare ecosystem.
Regarding underlying assets, FLR has experienced a slight decline in the last 24 hours. 4.37% Around 0.01888. However, its performance has continued to increase more than the last 30 days. 15%. Its market capitalization is around $1.2 billion, and its fully diluted valuation (FDV) is around $1.95 billion.
