VivoPower Collaborates with Flare for a $100 Million Yield Strategy Involving XRP as Treasury
Straight-Up collaborating VivoPower and Flare for DeFi Gold Rush
VivoPower, a NASDAQ-listed green energy powerhouse, has taken a bold step by partnering with Flare to make a whopping $100 million investment using XRP, a well-known cryptocurrency, for yield generation on its financial strategy. That's right! They're jumping headfirst into the world of Decentralized Finance (DeFi), with the goal of maximizing treasury productivity.
Using Flare's FAssets system, VivoPower aims to earn profits via Firelight, a DeFi tool, and then reinvest those profits back into purchasing more XRP. This historical move marks the first time a significant company has taken this path in DeFi, making waves in the crypto community.
On top of that, VivoPower will also be holding onto Ripple's RLUSD stablecoin to ensure stability and regulatory compliance in its digital treasury. Talking about their collaborative efforts, VivoPower's CEO, Kevin Chin, described XRP as a "compounding engine" for their shareholders.
Meanwhile, Flare co-founder, Hugo Philion, likened FAssets to a secure bridge for institutions to tap into DeFi, amplifying XRP's utility beyond the XRP Ledger. This bridge has been supported by Saudi Prince Abdulaziz bin Turki bin Talal Al Saud, who led a $121 million funding round. The prince is joined by former Ripple Asia leadership. This indicates a strong institutional confidence in XRP and Flare.
VivoPower's use of XRP for its financial strategy could be the trailblazer that encourages more big companies to adopt crypto for their digital assets and international payments. With its focus on blockchain-powered financial strategies, VivoPower is setting an example for other publicly-traded companies, inspired by global investors and XRP experts.
Worth Noting:- VivoPower's partnership falls under the XRPFi standard, designed to attract steady profits, follow clear rules, and ensure the safety of big-time investments.- Flare recently secured an additional $90 million in funding from USDT0 stablecoin, making it a key platform for using XRP in DeFi.
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Sources: 1, 2, 3, 4
- VivoPower, with its $100 million investment using XRP, is pioneering the way for large companies to adopt cryptocurrency for their digital assets and international payments, demonstrating an increased focus on blockchain-powered financial strategies.
- Flare's FAssets system, which VivoPower is utilizing for profit generation and reinvestment, is perceived as a secure bridge for institutions to capitalize on DeFi, amplifying XRP's utility beyond the XRP Ledger.
- In the world of DeFi, VivoPower's deployment of XRP and RLUSD stablecoin is seen as a compounding engine for shareholders, while Flare's recent funding of $90 million from USDT0 stablecoin establishes it as a key platform for using XRP in DeFi.
