FXRP Operational Parameters

This page lists the current values for key parameters relevant to FXRP on Flare Mainnet and Flare Testnet Coston2. For the complete list of FAssets operational parameters, see the FAssets Operational Parameters page.

Minting and Redemption

Flare Mainnet

Parameter	XRP
Minting cap  mintingCapAMG Total amount of allowed FAssets in circulation. Once reached, no more FAssets can be minted until some are redeemed. This is intended as a security measure. In the final deployment, this cap will be gradually increased and finally removed.	170M XRP
Lot size  lotSizeAMG Minimum quantity required for minting FAssets.	10 XRP
Collateral reservation fee (CRF)  collateralReservationFee Fee applied when reserving collateral for minting..	0.01%
Redemption fee  redemptionFee Agent fee on the amount left after the system redemption fee. The agent pays the redeemer what remains and keeps this fee, then shares part of it with that agent's collateral pool.	0.18%
System redemption fee  systemRedemptionFeeBIPS Taken first from the redeemed amount and minted as FAssets to the system redemption fee receiver. A zero receiver disables the fee. Skipped on a transfer to the core vault.	0.02%
System redemption fee receiver  systemRedemptionFeeReceiver Address that receives the system redemption fee. The zero address disables the fee.	0x6E815bB968e32f91C7e273b9e1CDAE2825Bf8F3a
Redemption default premium  redemptionDefaultPremium Premium paid if an agent fails to meet redemption obligations.	5%
Maximum redemption tickets  maxRedeemedTickets Maximum number of tickets redeemed in a single request.	20

Flare Testnet Coston2

Parameter	XRP
Minting cap  mintingCapAMG Total amount of allowed FAssets in circulation. Once reached, no more FAssets can be minted until some are redeemed. This is intended as a security measure. In the final deployment, this cap will be gradually increased and finally removed.	-
Lot size  lotSizeAMG Minimum quantity required for minting FAssets.	10 XRP
Collateral reservation fee (CRF)  collateralReservationFee Fee applied when reserving collateral for minting..	0.1%
Redemption fee  redemptionFee Agent fee on the amount left after the system redemption fee. The agent pays the redeemer what remains and keeps this fee, then shares part of it with that agent's collateral pool.	0.5%
System redemption fee  systemRedemptionFeeBIPS Taken first from the redeemed amount and minted as FAssets to the system redemption fee receiver. A zero receiver disables the fee. Skipped on a transfer to the core vault.	0.02%
System redemption fee receiver  systemRedemptionFeeReceiver Address that receives the system redemption fee. The zero address disables the fee.	0x6E815bB968e32f91C7e273b9e1CDAE2825Bf8F3a
Redemption default premium  redemptionDefaultPremium Premium paid if an agent fails to meet redemption obligations.	5%
Maximum redemption tickets  maxRedeemedTickets Maximum number of tickets redeemed in a single request.	20

Songbird Canary-Network

Parameter	XRP
Minting cap  mintingCapAMG Total amount of allowed FAssets in circulation. Once reached, no more FAssets can be minted until some are redeemed. This is intended as a security measure. In the final deployment, this cap will be gradually increased and finally removed.	750k XRP
Lot size  lotSizeAMG Minimum quantity required for minting FAssets.	10 XRP
Collateral reservation fee (CRF)  collateralReservationFee Fee applied when reserving collateral for minting..	0.5%
Redemption fee  redemptionFee Agent fee on the amount left after the system redemption fee. The agent pays the redeemer what remains and keeps this fee, then shares part of it with that agent's collateral pool.	0.5%
System redemption fee  systemRedemptionFeeBIPS Taken first from the redeemed amount and minted as FAssets to the system redemption fee receiver. A zero receiver disables the fee. Skipped on a transfer to the core vault.	0%
System redemption fee receiver  systemRedemptionFeeReceiver Address that receives the system redemption fee. The zero address disables the fee.	0x0000000000000000000000000000000000000000
Redemption default premium  redemptionDefaultPremium Premium paid if an agent fails to meet redemption obligations.	5%
Maximum redemption tickets  maxRedeemedTickets Maximum number of tickets redeemed in a single request.	20

Songbird Testnet Coston

Parameter	XRP	BTC	DOGE
Minting cap  mintingCapAMG Total amount of allowed FAssets in circulation. Once reached, no more FAssets can be minted until some are redeemed. This is intended as a security measure. In the final deployment, this cap will be gradually increased and finally removed.	none	none	none
Lot size  lotSizeAMG Minimum quantity required for minting FAssets.	20 XRP	0.0004 BTC	100 DOGE
Collateral reservation fee (CRF)  collateralReservationFee Fee applied when reserving collateral for minting..	0.1%	0.1%	0.1%
Redemption fee  redemptionFee Agent fee on the amount left after the system redemption fee. The agent pays the redeemer what remains and keeps this fee, then shares part of it with that agent's collateral pool.	0.1%	0.1%	0.1%
System redemption fee  systemRedemptionFeeBIPS Taken first from the redeemed amount and minted as FAssets to the system redemption fee receiver. A zero receiver disables the fee. Skipped on a transfer to the core vault.	0%	-	-
System redemption fee receiver  systemRedemptionFeeReceiver Address that receives the system redemption fee. The zero address disables the fee.	0x0000000000000000000000000000000000000000	-	-
Redemption default premium  redemptionDefaultPremium Premium paid if an agent fails to meet redemption obligations.	10%	10%	10%
Maximum redemption tickets  maxRedeemedTickets Maximum number of tickets redeemed in a single request.	20	20	20

What's next

Explore our FXRP address, minting, and redemption guides to get started with FXRP.

For the complete list of all FAssets parameters including collateral ratios, liquidation, and agent settings, see the FAssets Operational Parameters page.