XRP News Today: Flare Launches Luminite to Simplify DeFi Onboarding for XRP Holders

Flare, a blockchain platform focused on data, has introduced Luminite, a seedless, non-custodial wallet designed to simplify the onboarding experience for users—particularly XRP holders—into DeFi on its network. Built using embedded wallet technology from Turnkey, Luminite allows users to create a wallet in seconds using familiar sign-in methods like passkeys, biometrics, or email, eliminating the need to store or write down a seed phrase [1]. This streamlined approach aims to reduce the technical barriers often associated with entering the DeFi space while ensuring users retain full control over their digital assets.

New users can begin using Luminite by adding funds via integrated fiat on-ramps, such as Topper, to purchase FLR, XRP, and other supported tokens—all within a few clicks [2]. The wallet provides a Web2-like experience while maintaining the security and autonomy of non-custodial control, addressing a key pain point for many first-time crypto users.

Beyond onboarding, Luminite functions as a direct gateway to Flare’s expanding DeFi protocols. Users can delegate FLR to FTSO data providers, mint FXRP using FAssets, swap tokens, bridge assets through Stargate, and participate in liquid staking by minting sFLR on Sceptre—all without leaving the Luminite interface [3]. This level of integration is intended to provide both novice and experienced users with a seamless path to accessing DeFi tools.

Flare also announced plans for an upcoming Learn & Earn program in collaboration with Revolut, which will offer users incentives to explore the Flare ecosystem through educational content and engagement-based rewards [4]. This initiative underscores the platform’s focus on education and user experience as key drivers for DeFi adoption.

The wallet’s design aligns with broader industry trends toward making DeFi more accessible to a wider audience. By removing the need for seed phrases and simplifying the onboarding process, Luminite could serve as a model for other platforms aiming to bridge the gap between traditional finance and decentralized finance. As more users seek to engage with DeFi without the risks and complexities traditionally associated with managing private keys, Luminite’s approach may help accelerate the adoption of decentralized financial services [5].

Luminite is now live at luminite.app, offering a simplified entry point for users looking to explore DeFi on Flare.

Source: [1] Meet Luminite: The Easiest Way to Start Using DeFi on Flare, (https://www.dlnews.com/external/meet-luminite-the-easiest-way-to-start-using-defi-on-flare/)

[2] Meet Luminite: A new way to DeFi on Flare ☀️, (https://www.instagram.com/p/DM-musMuIXL/)

[3] Nebuvex Reveals How Flare's Luminite Just Unleashed..., (https://www.instagram.com/p/DNANdYeg6Ej/)

[4] Pink Brains on X: "If you're exploring DeFi on @FlareNetworks ..., (https://x.com/PinkBrains_io/status/1952936056661393862)

[5] ◽️ (@calminspace) / X, (https://twitter.com/calminspace)