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Flare Drops FAssets v1.1 Bomb: FXRP Storms DeFi via Songbird Testnet
Flare Drops FAssets v1.1 Bomb: FXRP Storms DeFi via Songbird Testnet
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Flare Network just lit the fuse on its long-awaited FAssets system—launching v1.1 on Songbird with FXRP leading the charge. This isn’t your grandma’s wrapped crypto; it’s a full-throttle bridge between dumb-money chains and DeFi’s smart contracts.
Why it matters: XRP holders—stuck for years watching ETH and SOL traders print yield—can finally deploy their bags without selling. Flare’s system mints synthetic assets (like FXRP) that work cross-chain. Cue the ’utility’ narrative.
The catch? Songbird’s still a testnet. Mainnet launch will separate the vaporware from the real deal—assuming the SEC doesn’t reclassify the whole thing as an unregistered securities blender.
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