In this tutorial, the presenter walks viewers through the complete process of earning passive income by staking XRP using the Flare network. The video begins with two critical safety disclaimers about regional availability and the risks of self‑custody wallets. Viewers are instructed to download the Bifrost wallet from the Apple App Store, create a new wallet, and safeguard the seed phrase. The next step is acquiring Flare token (FLR) on the Bitrue exchange—either by buying FLR with USDT or by converting XRP to FLR—followed by withdrawing the FLR to the Bifrost wallet. Once both XRP and FLR reside in Bifrost, the tutorial directs users to the official Flare F‑Assets portal (link in the description) to mint FXRP (Flare‑backed XRP). Using WalletConnect, the presenter connects the Bifrost wallet, selects the amount to mint, confirms fees, and completes the minting transaction, which typically takes about five minutes. After FXRP appears in the wallet, the video demonstrates staking it on UpShift (and mentions Firelight as an alternative). The presenter connects the wallet to UpShift via WalletConnect, deposits FXRP into the vault, and explains the 8% APY, 48‑hour withdrawal period, associated fees, and reward points. The tutorial also compares other platforms (FlameX, etc.), emphasizing the importance of TVL, APR stability, and fee structures when evaluating yield opportunities. Finally, the creator offers additional support through a Discord, paid one‑on‑one calls, and an email address, while reminding viewers to assume all external links are scams except those provided in the video description.
Chapters
All right, this is my step-by-step tutorial on how to stake your XRP and start earning passive income yield on your XRP. Here's my Bifrost wallet. That is one of the apps you're going to need. First of all, two disclaimers. Number one, if you read the terms of service of these products, uh, and they're not available in your region, don't use them. Okay, I know one day everyone in the world will understand what Flare is, what XRP is, what yield is, and staking, but we're not there yet in terms of crypto regulations. Number 2 disclaimer: this does involve self-custody wallets that are connected to the internet, and you do have to connect to websites. Whenever you're connecting to websites there's the potential to get drained if you are stupid about it. So this video is going to show you exactly how to not be stupid about it and how to set this up properly from start to finish. So as I said, number one thing you're going to need to download is Bifrost Wallet. B-I-F-R-O-S-T. It is on the Apple App Store um, right there. That's what it looks like. That's the first thing you're going to need to do. It's going to ask you to make a new wallet and it'll give you a seed phrase. Do not give that seed phrase to anybody, please, please. Okay, all comments are a scam, all messages are a scam. Boom, that's your rule. The first step we have to do is we have to acquire Flare token, FLR. So I am here on Bitrue the exchange. I will leave our affiliate link for Bitrue below. You can sign up, um, and this exchange does have FLR if it's available in your location. So FLR against USDT, and we have FLR Flare token against XRP. So we're going to need one of these. We need either USDT stablecoin or we need to send some XRP into our Bitrue account so that we can trade it for some Flare. So for this process, you need XRP and you need Flare, uh, and you eventually, you need them both inside of your Bifrost wallet. Okay, so step 1 is to, you know, if you, if you loaded up some XRP, you can go down here and click on the market buy, and you can select, you know, how much Flare you want to buy. Okay, and then click Buy. Then you're gonna have to go to your Assets tab, go to Spot. You're going to see all of your assets and you're going to see FLR, and you're going to click Withdraw, and you're going to withdraw it to your FLR on here. So once your Bifrost is set up, we're going to click that little arrow, we're going to click Receive, we're going to click FLR, right? And that is where we're going to send the Flare tokens to. Now, once it's in there, it's going to look like that. You're going to have some XRP and some Flare. The next step, once you've acquired both of those, okay, is to head over to the link in the description. That's the only official one. All the comments are scams. All— everything is a scam, okay? Assume everything's a scam except the links in the description of this video. So this is where we mint F-assets, Flare assets. We can mint FXRP, that's Flare XRP. So once we're on this site, it's really confusing for a lot of people. There's a ton of stuff going on. You want to click in the top right, you want to click Connect Wallet. Now, oh no, which one do I use? Wallet Connect. Okay, if we're using Bifrost, we're going to make sure both networks are selected. We're going to click Connect. Now we take our phone and we click the blue arrow and we click Connect, and that's going to allow me to scan that QR code. It's going to say, do you want to connect to this website? Don't connect to random websites, but this is an official website. We're going to click connect and boom, we are officially connected into the Flare, uh, F-assets Oracle Daemon. My occultists know why they name it Daemon. Interesting. Uh, so we're going to click mint FXRP. This is the asset we need to get if we want to do staking. Once we click mint FXRP, we're going to click mint. On the F-assets for FXRP, and we're going to select how many lots we want to do. So I'm just going to do 1 lot, um, and it's going to show the agent, the minting fee, etc. We're going to click next, um, and now on our wallet, you guys are going to see this pop up on your phone. We're going to click confirm, right? There is a fee, obviously they need to make money and the network needs the fee. So boom, once that's connected, it's going to do another one. And this is our 10 XRP that we put in. We're going to click confirm, scan my Face ID, and boom. So that is step 1 of 2 in minting our FXRP. So I only minted 10, but boom, there they are, right? So step 2 of 2, FXRPs are, are now on their way to you. 'in the final step, the minting process is completed and tokens are transferred.' Okay, so if we X out of that, you'll see at the bottom it will say 'in progress' for the mint of our FXRP. So I'll wait for that and then I'll get back to you. All right, if you guys look at the bottom of your screen, you can see that we are officially finished right there for the mint. Okay, So now when I go back to my Bifrost wallet here, you can see we have a third asset. The FXRP is there. Now the next thing we have to do is find where we can stake— what website can we stake this on? Obviously there is Firelight, which has their Firelight STXRP, 50 million in total TVL. Um, and it's at the limit actually. So if we try to connect to this, right— and by the way, you're using WalletConnect to connect— and we can scan this again and click connect because this is an official website, uh, link is in the description for this one— you can see that if we try, um, we're already past the vault limit. So Upshift. I will leave the link in the description to this one. Um, their target yield is 8%, but there's a lot of fees. It's basically like DoorDash right here, okay? 1%, 10%, etc. But if we connect to this with the same thing, right, WalletConnect, boom, Upshift connected. Uh, we have available FXRP, we have 10. Deposit into vault, and we click 10, right? And you know, we're going to receive their Earn XRP. There's going to be an 8% APY, pretty dang good. 48-hour withdrawal period, and we get 5, uh, X points earned. So approve input amount, and we approve. We submitted Boom. I think there's a fee on it, that's why you have to go lower. But once you do that and it says transaction submitted, you can close it and then it's going to prepare another one here. Make sure we scan. So you just keep clicking confirm on there and then boom, that's what it looks like. So now, you know, we can view our position. We have 7.99 available earn XRP. That's $16, and we're earning 8% on that. Okay, um, you can track your active position right there. They have the historical TVL, which has only went up. Um, and when we click withdraw, you're gonna have the 48-hour period. There's a fee if you want to instantly withdraw. Okay, so that's that. I will leave the link to this as well where you can check out other options for XRPFi. You've got different, uh, options, different APR, right? FlameX, 20%, 45% for supplying FXRP. Like, there's some huge yields going on, but the 8% one has 6 million TVL. Now, the lower the TVL the less trustworthy that offering will be and the more volatile it will fluctuate, right? Like 123% APR is not going to be around forever. That's like a fleeting moment that'll go down, right? Maybe you're owning, or maybe you're earning the, the rewards in a token that is not liquid, so you can't sell the rewards. Maybe there's bigger fees. There's a 0.3% fee on that one. So to learn everything here, APR, right, is the percentage you're getting. There's RFLR daily rewards on some of these. Some of these, the data is still coming. There's points, like, there's all this different stuff, um, but this is how to do it with UpShift, right? And If I go to portfolio, you can see the active positions right there. Also, you might notice inside of your Bifrost wallet, it might say at the top that you can stake with Firelight. If you click that, you can actually try and stake it right there, but Firelight might be fully booked up, right? Fully, uh, maxed out with their vault. Uh, now I did want to do a rapid-fire question here because people are having issues on these official Flare tutorials. Um, so the direct link to mint F-assets is not in the description, it's in the description of this video. If you get a reference error, make sure you try again from the beginning. Make sure you have enough funds for fees and never put the max amount that you have. So if you have 100 XRP and you're trying to mint it, put 95, right? Leave an amount for fees. Okay, so how come I do not get a good feeling all the time about Flare? That's up to you. I don't know. Any of this can go wrong. Absolutely can go wrong. XRP Firelight, um, Bifrost, you can connect through WalletConnect. Uniswap wallet, you cannot hold XRP in Uniswap. It takes about 5 minutes to mint the XRP. That's how long it took me. Um, yeah, so Xamen wallet, you can also do it. But that is the tutorial. Let me know if you have questions in the, in the description. If you want a more one-on-one help We're going to leave the contact information email in the description. You can contact and book a call one-on-one, and I'll show you how to do it. Obviously, that is for a fee if you're paying for my time to help you out, but we can do that. You can also just join the Discord and ask me too. So thank you for watching. I love every single one of you. Drop a like and goodbye.
