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FAssets
Securely explore XRPfi, BTCfi, and DOGEfi.
Bridge, trade, lend, and stake for greater liquidity in one DeFi hub.
Circulating FXRP
38.8K
TVL
1.67m
Securely explore XRPfi, BTCfi, and DOGEfi.
Bridge, trade, lend, and stake for greater liquidity in one DeFi hub.
Circulating FXRP
38.8K
TVL
1.67m
On this page
What is FAssets?
Live on Songbird and then Flare.
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Mint FAssets with Minting DApps
Overcollateralization
Over 300%
FAssets' overcollateralization model guarantees that each bridged currency unit is backed by greater value, enhancing security while addressing trust issues in traditional custodial and multisig solutions.
Learn more.
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Trade your FAssets with:
How it works
Become an agent
Forge a DeFi hub for XRP, BTC, and DOGE with verifiable economic security.
import {IERC20} from "@openzeppelin/contracts/token/ERC20/IERC20.sol";
import {IAssetManager} from "@flarelabs/fasset/contracts/userInterfaces/IAssetManager.sol";
contract FAssetArbitrager {
IAssetManager internal assetManager;
IERC20 internal fAsset;
constructor(IAssetManager _assetManager) {
assetManager = _assetManager;
fAsset = _assetManager.fAsset();
}
function arbitrage(address _agentVault) external {
uint256 availableFAsset = fAsset.balanceOf(address(this));
(uint256 liquidatedFAsset, uint256 obtainedVault, uint256 obtainedNative) =
assetManager.liquidate(_agentVault, availableFAsset);
IERC20 agentVaultToken = assetManager.getAgentVaultCollateralToken(_agentVault);
swapToFAsset(agentVaultToken, liquidatedFAsset, obtainedVault, obtainedNative);
}
...
}
Use cases
Cross-Chain Yield Farming
Users can convert their BTC, XRP, or Doge to FAssets and participate in yield farming strategies on Flare-based DeFi platforms, earning rewards in ways that would not be possible on their native chains.
Collateral for DeFi Loans
FAssets unlock liquidity without selling their underlying holdings. Users can use their FAssets as collateral to take out stablecoin loans or other crypto-based loans on Flare-powered lending protocols.
Decentralized Trading
Users can access more diverse trading opportunities by utilizing liquidity pools on Flare that are not available on their native chains. FAssets can be traded on decentralized exchanges (DEXs) within the Flare ecosystem.
Interoperability
FAssets enables seamless interaction across different blockchains, allowing users to bring popular assets like BTC, XRP and Doge onto the Flare network. This increases asset utility while still maintaining their core value.
Enhanced Utility
By converting assets into FAssets, users can leverage them in various DeFi applications, such as lending, and trading, thus unlocking additional earning opportunities.
Decentralization and Security
Over-collateralized bridge that ensures funds are backed and safe.