Songbird

DeFi

Flare

<ul>
 <li>FAssets v1.3 is now live on Songbird, allowing users to mint FXRP directly from an XRP transaction without selecting an individual agent.</li>
 <li>The upgrade adds destination tag and memo-based routing, making FXRP minting more compatible with wallets, exchanges and custodians already used across the XRP ecosystem.</li>
</ul>
Flare has <a href="https://x.com/FlareNetworks/status/2049217395672371597" rel="noopener noreferrer nofollow">rolled out</a> FAssets v1.3 on Songbird, bringing a cleaner route for XRP holders to mint FXRP and move into XRPFi applications.
<h2 id="direct-minting-changes-the-fxrp-entry-point">Direct minting changes the FXRP entry point</h2>
FXRP has been mintable on Flare for months, with more than 155 million FXRP minted to date. The new v1.3 release changes the minting process rather than the basic purpose of the asset.
In earlier versions, users had to select a specific agent and mint against that agent’s available collateral. That made capacity partly dependent on which agents had collateral available at the time.
With v1.3, the user sends a properly labelled XRP transaction on the XRP Ledger to the FAssets system address. An executor then relays proof of that payment to Flare, where the FXRP mint is completed. No agent selection is needed on the mint side.
Agents still remain part of FAssets on redemption. Overcollateralization, collateral-ratio monitoring, FDC challenge proofs, graduated liquidation and redemption mechanics remain in place. In short, the upgrade simplifies how XRP enters the system, while keeping the collateral safeguards on the way out.
<h2 id="destination-tags-turn-xrp-rails-into-defi-routing">Destination tags turn XRP rails into DeFi routing</h2>
The most important change is distribution. FAssets v1.3 <a href="https://apps-flarenetwork.com/snapshot/claims" rel="noopener noreferrer nofollow">supports</a> destination tags, memos and Flare Smart Accounts, aligning the minting path with the way XRP already moves through wallets, exchanges and custodians.
A destination tag can be reserved on Flare and mapped to a Flare address. After that, an XRP transaction with that tag can mint FXRP directly to the mapped address, without a separate reservation step.
That opens a clearer path for integrations. Exchange withdrawals, custodian transfers and wallet flows already use XRPL tags. Under v1.3, those same rails can become FXRP minting paths and, potentially, direct routes into yield positions on Flare.
The release also adds mint-side controls, including executor restrictions, proof-use binding, hourly and daily caps, delays on large mints and a governance path for reviewed unblocking. Songbird gets the first live test. Mainnet follows once testing is complete.
The post <a href="https://www.ethnews.com/flares-fassets-v1-3-brings-direct-fxrp-minting-to-songbird/" rel="noopener noreferrer nofollow">Flare’s FAssets v1.3 Brings Direct FXRP Minting to Songbird</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Flare’s FAssets v1.3 Brings Direct FXRP Minting to Songbird

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