Nik Erzetic - FlareDev☀️

Head of Systems Engineering for @FlareNetworks ☀️ & AfLabs | Building and scaling blockchain infrastructure

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

20,873 wallets already putting FXRP to work. ~148.5M minted and the vast majority is actually used in DeFi, not sitting idle.

Every mint routes fees to FIRE. Every transaction burns FLR. XRP demand on Flare is not abstract — it directly tightens FLR supply and feeds the system.

The flywheel is live. More XRP usage → more FXRP → more burns + more FIRE flow. This is what “downstream of XRP” looks like in production.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ flare-networks:native ☀️

[Flare ☀️ @FlareNetworks]

20,873 addresses have used FXRP in DeFi.

Transactions burn FLR. Mints pay into FIRE.

FLR is downstream of XRP usage.

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

@cryptontoast Are we connected yet ?

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hey, that fee definitely makes the hesitation understandable. The ~50 XRP shown there appears to be the yield product/service fee, not the normal XRPL network fee. At 3.4% yield, it could take months just to offset that upfront cost. What yield product were you trying to use with your FXRP through Xaman? @jgrimm5

[GrimmReaper @jgrimm5]

I started to do the same thing yesterday and backed out for that very reason. The difference between my balance in my wallet and what it was going to allow me to mint for fxrp was hard to even tell why it was so different but did see the Xaman fee to do it was going to be around 45-50 XRP. At 3.4% it was going to take several months to even recover the charges to do it. It wasn’t worth it.

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

That’s strange; can you confirm if you’re on the latest version? update and check again if that changes anything, don’t forget to drop a follow so I can follow up on this quicker, Glad to have you in the Flare Ecosystem🤝 @xrpkelly

[gordon Kelly @xrpkelly]

@NikRulesFLR Not on mine it’s not

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hey! Yes, there are walkthroughs available that cover the FAssets flow from minting through redemption. Once you have FXRP, you can also put it to work across Flare DeFi rather than leaving it idle. Are you looking to start with XRP → FXRP minting, or the yield side after you already have FXRP? @CelticStoic11

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hey, I completely understand the hesitation, especially after your previous experience. Things have evolved quite a bit since FIP-16 passed, with the staking and reward infrastructure becoming more streamlined and automated. The direction now is toward fewer manual steps while keeping custody and control with the user. What part of the process caused you trouble last time?

Follow back so we stay connected 🤝

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hey @Rigobertoxrp , sorry you’re dealing with that. If your FLR was transferred without authorization, the first thing we need is the transaction hash so the on-chain movement can be traced and the receiving address identified. Also let us know which wallet you were using when it happened.

[Cryptogoat @Rigobertoxrp]

@FlareNetworks @Firelightfi How can i catch a scammer who took my Flare?

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hey, I understand the frustration. Since your staking rewards dropped almost completely despite holding a large FLR position, I’d first check whether you’re still on delegation or actually staking on the P-Chain, especially after the FIP-16 reward changes. Which wallet are you staking with , and when did you first notice the drop? @STACK_HASH

[stack @STACK_HASH]

@TheGrungieNFTs My staking rewards have been cut almost completely and im sitting on a whale stack. Fuck $FLR

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Completely understand the caution, especially when your XRP is involved. You’re right to verify everything before deploying your stXRP. For verification, feel free to search my name on Google or LinkedIn and confirm my background with Flare independently. No need to rush into anything until you’re comfortable with how the strategy works.

What part of deploying the stXRP are you most unsure about?

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hey! 👋 If you’re already holding stXRP and accumulating Firelight Points, you’re positioned correctly. The points are designed to track participation ahead of Firelight’s broader reward mechanics, but the final conversion/value hasn’t been confirmed yet. Are you also deploying that stXRP elsewhere in XRPFi, or just holding it for Firelight? @MSwannTx

[MSwann @MSwannTx]

@FlareNetworks stXRP with millions in Firelight points and waiting to see what’s going to happen there..: anyone know lol?

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

@AyoRivvv Hey mate, that’s not normal. Ledger support for MPC should be functional, so if clicking it does nothing it’s likely a wallet connection/UI issue rather than MPC itself. Are you on the latest Ledger firmware and Ledger Live version? @AyoRivvv

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hey Jeremy 👋😂 Looks like that call aged pretty well! Glad you got in early. Are you just holding the FLR, or have you already put it to work earning yield? @__MrJeremy__

[Mr Jeremy @__MrJeremy__]

@Cryptoinsightuk I bought some awhile back when you said somthing about it.
Thanks lol

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hey! 👋 I hear you on the price, but wrapping or staking FLR doesn’t protect you from FLR/USD price movement. The difference is what the FLR is doing while you hold it: idle FLR only has price exposure, while WFLR can earn delegation rewards and other DeFi strategies can generate additional yield. Are you currently just wrapping/delegating, or actively staking it? @goforit526

[$$$letsgoooo!! @goforit526]

@FlareNetworks But you go broke holding $FLR. Even if you staked it and or wrapped it. If you convert back to flare it’s not worth much.

[Flare ☀️ @FlareNetworks]

The FLR story:

Flare doesn't just host XRPFi. It captures the value.

FXRP unlocks liquidity. DeFi activates it. Liquidations, arbitrage and leverage generate MEV. Flare builds its own blocks, so that value stays in the network.

Data, capital, computation. FLR aggregates all three.

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hey! FXRP itself doesn’t generate yield just by being minted. Yield starts once you deploy it into XRPFi strategies such as lending, liquidity, or staking. With a Flare Smart Account, that deployment can be automated so the FXRP isn’t sitting idle. Which strategy are you currently using? @OvTao0311

[MR. I Guy ☀️ @OvTao0311]

@0xQuantic When do get your yield from FXRP?

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hey Pathar, rewards are already live. Once FXRP is deployed across XRPFi protocols, it can generate yield through lending, liquidity, staking, and automated strategies rather than sitting idle. Are you holding FXRP already or still looking to mint? @Pathar20

[Pathar @Pathar20]

@0xQuantic When rewards

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hi! I can see why that’s frustrating. If 1,000 XRP is now 995.4 after six months, the position’s yield hasn’t offset the deployment/redemption costs, which usually points to XRP sitting idle or being deployed in a low-yield strategy. What strategy are you currently using for your XRP on Flare? Are you using the Flare smart account on Xaman wallet ? @XrprvLife

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

@Jason59549 Check your messages, I already sent you a follow-up with more details on this. Glad to have you with us in the Flare ecosystem! ☀️

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Hi Triple C! We understand the frustration, especially when the FLR price has continued to underperform while staking rewards have also come down. FIP-16 changed Flare’s reward structure, but staking isn’t the only way to put your FLR to work. There are other strategies available, including Smart Account-based options targeting around 8–14% APY, depending on the strategy and market conditions. @Jason59549

[Triple C @Jason59549]

@FlareNetworks Was staking for cover, but unfortunately Flare has dramatically dropped the APY and the price continued to go down.. :/

[Nik Erzetic - FlareDev☀️ @NikRulesFLR]

Thanks, that actually narrows down why you may be seeing lower yield. If your FLR is sitting with Uphold, you’re limited to the yield options they provide. Keeping custody in your own wallet opens up more on-chain strategies, and with the Flare Smart Account the deployment can be essentially a one-click process while you retain control of your assets.