Flare Launches Luminite Wallet, Expands Reach Into DeFi
Main Idea
Flare has launched Luminite, a seedless, non-custodial wallet designed to bridge Web2 and Web3 users by simplifying access to DeFi and enabling fiat on-ramps for purchasing crypto assets.
Key Points
1. Luminite is built using Turnkey’s embedded wallet technology and supports fiat on-ramps via partners like Topper for purchasing FLR, XRP, and other assets.
2. The wallet aims to make DeFi more accessible by removing entry barriers for non-crypto-native users.
3. Users can delegate FLR tokens to FTSO data providers and mint FXRP tokens via FAssets.
4. Flare plans a future Learn & Earn program with Revolut and rewards based on participation.
5. Flare’s full operation began after an 8-week observation mode, followed by a token generation event distributing 15% of the total FLR supply.
Description
Flare, the EVM-compatible interoperative chain has unveiled its new product—a seedless wallet, along with some other upcoming plans. It is steadily increasing in user engagement, as evidenced by certain metrics. Shiny New Wallet In a press release shared with CryptoPotato, Flare announced the launch of its seedless, non‑custodial wallet Luminite. Turnkey’s embedded wallet technology was used to create Luminite, which allows users to set up their wallet using familiar sign-in methods such as pass...
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