Spectra

MetaVaults are now live!

→ app.spectra.finance/metavaults

✅ Pool expiry cycles handled automatically
✅ New onchain business venue for curators
✅ YT yield auto-capture & autocompounding
✅ Single receipt token & more

Discover all the benefits ↓

XRP yield trading is taking shape on Spectra.

As @Firelightfi’s cover business grows, stXRP holders weigh the onchain rate against a fixed rate, with Principal Tokens (PT) locking in a predictable outcome.

The Flare Japan community is already exploring it.

Final step complete.

The audit of Spectra's EVM order book is done, and the full report is public.

Up next: the release.

New record volumes on Spectra's stXRP markets, as traders respond to the @LidoFinance x @Firelightfi news.

As onchain cover expands, its revenue becomes a tradable market rate.

Where the activity comes from:

Firelight enables onchain cover for DeFi vaults. Vault operators pay coverage fees, and part of those fees flows into stXRP as an onchain rate.

Each new program is a signal of where stXRP's onchain rate could go next, and Spectra is where traders act on it. YT provides exposure to the yield stXRP generates and how it evolves over time, while PT offers a predictable outcome through a fixed rate.

With 30-day volume more than doubling on the largest market, stXRP yield markets on Spectra are emerging as a place to price expectations for onchain cover, starting with Firelight.

Next up: the industry's first order book for XRP yield, coming to Spectra on @FlareNetworks.

We're shipping something big for yield trading on @FlareNetworks. Next week.