Flare Launches FAssets v1.1 on Songbird, Unlocking Scalable FXRP Utility

Flare Network has officially launched FAssets v1.1 on the Songbird testnet, marking a key upgrade to support scalable and capital-efficient use of FXRP in decentralized finance (DeFi). The new release introduces the Core Vault, a major innovation that enhances capital efficiency by freeing up previously locked collateral and resolving bottlenecks in the minting process.

Source: tokenpost.com

Related symbols: FLRUSD