How to Stake XRP on Flare Network
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Flare Network is bringing smart contract functionality and decentralized data access to assets like XRP. Through its integration with the XRP Ledger and its unique staking model, XRP holders can now participate in network incentives using wrapped XRP (wXRP) on the Flare Network. This guide explains how to stake XRP on Flare in a secure, step-by-step way.
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What Is Flare Network and Its XRP Connection?
Flare Network is an EVM-compatible blockchain designed to bring smart contracts and decentralized data to assets that don’t natively support these features, like XRP. By bridging XRP to Flare, users can take advantage of new DeFi tools and staking options while still being connected to the XRP ecosystem.
On Flare, XRP can be “wrapped” into a token called wXRP, which allows it to be used with smart contracts. This makes it possible to stake, delegate, and earn rewards on the network—something that isn’t available on the XRP Ledger alone.
What is wXRP and Why Wrap XRP?
wXRP stands for wrapped XRP. It’s a tokenized version of XRP that lives on the Flare Network and is pegged 1:1 with native XRP. Wrapping your XRP allows it to interact with smart contracts on Flare.
To create wXRP, users send XRP through the official XRP–Flare bridge, which securely locks the XRP and issues an equal amount of wXRP on Flare. This wrapped version can then be used in staking, governance, or dApps built on Flare.
In short, wrapping XRP allows you to make your XRP work in smart contract environments, such as staking or earning passive rewards.
How to Stake XRP on Flare Network
Here’s a simple, step-by-step guide to staking your XRP on Flare:
- Get XRP in a Self-Custody Wallet
Make sure your XRP is in a wallet that you control, like XUMM or Ledger. You’ll need access to sign transactions. - Bridge XRP to Flare (Get wXRP)
Use the official Flare bridge to convert your XRP to wXRP. This process involves sending your XRP to the bridge and receiving wXRP in return on the Flare Network. Always follow instructions on the official Flare bridge site. - Add Flare Network to MetaMask
To view and interact with wXRP, add the Flare network to MetaMask.
Here’s a guide on how to do that. - Use a Staking Portal to Delegate wXRP
Connect your MetaMask wallet to an FTSO (Flare Time Series Oracle) portal. These platforms let you delegate your wXRP to data providers who help secure the network. - Confirm the Transaction in MetaMask
Once you’ve chosen a provider, confirm the delegation through your MetaMask wallet. Your wXRP stays in your control the whole time—no lockup.
Where to Stake or Delegate wXRP
Staking on Flare is done through a delegation model using FTSO providers. You don’t send your tokens away—instead, you assign “voting power” to a provider while keeping full custody.
Popular FTSO portals include:
- Flare Portal (by the Flare team)
- Enosys
- FTSO AU
- Oraclescan
These platforms offer dashboards where you can track your delegation, rewards, and history.
Tips
- Use only official tools: Always bridge through the verified Flare XRP bridge and interact with known, trusted staking portals.
- Mind the gas fees: Transactions on Flare use FLR for gas. Make sure you have a small amount of FLR in your wallet before staking.
- Track your rewards: Delegation rewards are typically updated in rounds. Log in periodically to redelegate or claim rewards.
Staking wXRP on the Flare Network is a secure way for XRP holders to earn rewards while still keeping control of their assets. By wrapping XRP and using Flare’s smart contract tools, you can take advantage of opportunities that aren’t possible on the XRP Ledger alone.
As always, stay cautious—Flare is a newer ecosystem, so make sure to double-check sources, keep your wallet secure, and stay informed about updates. Done carefully, staking can be a productive way to put your XRP to work in a decentralized environment.