The campaign targets idle XRP holdings by enabling users to deposit stored XRP into a yield vault. Deposits can be made from the D'CENT app without buying separate gas tokens or leaving a hardware-wallet environment. The initiative runs from May 19 to June 8 and offers no platform fee on vault deposits. A $40,000 XRP and FLR reward pool supports participation. The process routes deposits into the Monarq XRP Yield Vault (MXRPY) via the app’s Discovery tab. D'CENT is an official Flare Smart Accounts partner, so standard Flare fees are deducted automatically from XRP, reducing extra steps. The rollout follows the XRP Alliance, which aims to broaden XRP use cases across connected blockchain services while keeping custody and user access central, with partners including Flare, Squid Router, Doppler, and Banxa.
"This campaign is made to solve the biggest problem for the global XRP Army: having their XRP tokens just sitting in wallets as idle assets. Through the campaign, users can deposit XRP into the Monarq XRP Yield Vault, known as MXRPY, from the D'CENT app's Discovery tab. D'CENT's role as an official Flare Smart Accounts partner removes the need to buy separate gas tokens such as FLR. Standard Flare fees are deducted automatically from XRP, reducing the steps normally tied to crypto deposit services."
"The initiative runs through June 8 with no platform fees and a $40,000 XRP and FLR reward pool. Many XRP holders continue keeping tokens in storage without broader utility across decentralized finance ( DeFi) services. D'CENT announced on May 19 a three-week Flare campaign aimed at helping holders put dormant assets to work. The initiative centers on easier access, hardware-wallet security, and expanded XRP functionality through the Flare ecosystem."
"The rollout follows the XRP Alliance, which IoTrust, the maker of the D'CENT hardware wallet, announced on May 12. Its initial partner lineup includes Flare, Squid Router, Doppler, and Banxa. The alliance is designed to broaden XRP use cases across connected blockchain services while keeping custody and user access central to the experience. D'CENT also said additional partners will be introduced over time as the alliance expands its network around XRP-focused services and infrastructure."
"During the campaign, which runs from May 19 to June 8, D'CENT charges no platform fee on vault deposits. The process is designed to streamline vault access for users who may be unfamiliar with additional wallet setups or external blockchain transaction requirements. Users can deposit XRP without buying separate gas tokens or leaving a hardware-wallet environment."
Read at news.bitcoin.com
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