Monarq, Flare, and Upshift roll out multi-strategy XRP yield vault
Monarq, Flare, and Upshift have announced the launch of MXRPY, a managed multi-strategy XRP yield vault built on Flare, according to details shared with Finbold on Friday, May 15.
The product is designed for XRP holders seeking diversified yield exposure through a single vault structure. MXRPY allows users to deposit FXRP (XRP on Flare) into a professionally managed vault that allocates capital across multiple yield strategies.
Built on Upshift’s institutional vault infrastructure and managed by Monarq Asset Management, the vault combines both onchain and offchain execution to expand available yield opportunities within the XRPFi ecosystem.
Managed strategies expand XRPFi yield options on Flare
According to the announcement, MXRPY deploys capital across three primary strategy categories: options trading, basis and funding rate arbitrage, and onchain XRPFi strategies. The approach is intended to provide diversified exposure while maintaining participation within the Flare ecosystem.
Starting today, users can access the vault through Upshift with an initial deposit cap of 500,000 FXRP. The current target yield range is approximately 3% to 4% APY, with realized returns distributed over time based on strategy performance and prevailing market conditions.
“A real financial system needs a broader menu of options,” said Shiliang Tang, managing partner at Monarq Asset Management.“MXRPY is built to be one of those options for XRP holders.”
The vault’s options strategies use XRP as collateral through FalconX infrastructure, with deployment across venues including Deribit and over-the-counter (OTC) structured products.
Market-neutral basis and funding rate strategies are executed using borrowed stablecoins across major crypto markets, while a portion of capital is allocated directly into Flare-native XRPFi opportunities such as lending markets, liquidity strategies, and other FXRP-based DeFi applications.
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Users who deposit FXRP receive MXRPY receipt tokens representing their deposited capital and accrued yield. Withdrawals follow a weekly redemption cycle each Friday, with an optional instant redemption mechanism available for a fee.
“The Clearstar EarnXRP vault showed that there is real demand for XRP-denominated vaults on Flare,” said Ethan, the growth lead at Upshift.“Upshift provided the infrastructure behind that launch, and we’re now expanding the model with Monarq, a second XRP vault with a different strategy profile and a broader set of yield sources.”
The companies said the launch reflects broader growth within Flare’s XRPFi ecosystem, which already includes lending, liquidity, and staking protocols powered through FXRP and Flare’s interoperability infrastructure.
Looking ahead, the partners plan to introduce a standalone application that will allow users to connect directly through XRPL wallets and allocate capital using a single-signature flow enabled by Flare Smart Accounts.
The companies noted that yield and performance may fluctuate based on market conditions, strategy execution, and deployment timing, and that users remain exposed to risks associated with both onchain and offchain markets.
MXRPY is available now through Upshift.
Featured image via Shutterstock.
