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[Firelight](https://firelight.finance) is a yield-generating protocol built on top of FXRP.
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It provides [ERC-4626](https://eips.ethereum.org/EIPS/eip-4626) compliant vault that allows users to deposit FXRP and earn yield through the [FAssets](/fassets/overview) system.
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Firelight vaults operates on a [period-based logic](https://docs.firelight.finance/technical-documents#period-based-logic), where deposits and withdrawals are processed at specific intervals.
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Firelight vaults operate on a [period-based logic](https://docs.firelight.finance/technical-documents#period-based-logic), where deposits and withdrawals are processed at specific intervals.
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Users receive vault shares representing their proportional ownership of the vault's assets.
FXRP is the [FAsset](/fassets/overview) representation of XRP on Flare.
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It enables XRP holders to participate in Flare's DeFi ecosystem while maintaining the ability to redeem their tokens for the original XRP at any time.
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FXRP is the [FAsset](/fassets/overview) representation of XRP on the Flare network.
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It is an [ERC-20](https://eips.ethereum.org/EIPS/eip-20) token that represents XRP bridged from the XRP Ledger (XRPL) to Flare.
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FXRP is powered by the [FAssets](/fassets/overview) system, a trustless, over-collateralized bridge infrastructure that enables the creation of wrapped tokens for assets from non-smart contract networks.
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### Key Features
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-**ERC-20 Standard:** As an [ERC-20](https://eips.ethereum.org/EIPS/eip-20) token, FXRP is compatible with all EVM-compatible wallets, smart contracts, and DeFi protocols on Flare, giving you full interoperability across the ecosystem.
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-**Trustless Bridge:** Your FXRP is backed by the [FAssets](/fassets/overview) system, which uses the [Flare Data Connector (FDC)](/fdc/overview) to verify XRPL transactions, eliminating the need for trusted intermediaries.
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-**Always Redeemable:** You can redeem your FXRP for the original XRP at any time, maintaining complete control over your assets.
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-**DeFi Integration:** Use your FXRP in various DeFi applications, including lending, borrowing, yield farming, and liquidity provision across Flare's ecosystem.
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-**Yield Opportunities:** Earn yield on your FXRP through protocols like [Firelight](/fxrp/firelight/status), which provides [ERC-4626](https://eips.ethereum.org/EIPS/eip-4626) compliant vaults for FXRP holders.
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## How to Acquire FXRP
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There are three primary ways to acquire FXRP:
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### Using Minting dApp
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The most direct way to acquire FXRP is by minting it from native XRP on the XRP Ledger (XRPL) using a minting dApp.
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You can mint FXRP on either of the following dApps:
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