Upshift Finance is a non custodial vault DeFi platform where you deposit assets into onchain vaults which are run by top DeFi funds to earn a yield. In this tutorial we will walk you through how you can earn a yield with your FXRP by depositing into Upshift Finance’s FXRP vault.
Step 1: Connecting Your Bifrost Wallet
Open your Bifrost Wallet and tap the "Browser" icon to launch the in-app browser
Enter app.upshift.finance in the address bar
Tap the “Connect Wallet” button on the top right
Accept the terms and conditions and select “WalletConnect”
Choose “Bifrost Wallet” from the list of wallet options
Tap “Connect”
Step 2: Depositing FXRP Into a Vault
From the main page, scroll down and locate "Flare XRP Yield Vault” and tap on it to enter the vault
Tap the “Deposit into Vault” button
Enter the amount of FXRP that you wish to deposit and tap “Approve Input Amount”
Tap “Confirm” to approve the transaction in your wallet
Tap “View Position” to view the deposit details or tap “Done” to complete the deposit
Step 3: Withdrawing Your FXRP Position
From the main page, tap the “Menu” icon
Select “Portfolio” from the menu options
Select the position that you would like to exit and tap “Withdraw”
Enter the amount that you wish to withdraw
Choose between “Instant” or “48H period”
Instant withdraw is subject to a 0.10% fee
48H withdraw does not incur any fee
Tap “Submit Transaction”
Confirm the transaction in your wallet
Tap “Done” to complete the withdrawal process
Your XRP doesn’t have to sit on the sidelines. With FXRP, you can take the value you already hold and turn it into a yield-earning asset in your control. Upshift Finance makes it easy to put those tokens to work in the Flare XRP Yield Vault and Bifrost Wallet keeps the experience simple and secure from Connect to Withdraw. Let your XRP work while you stay in charge.
About Bifrost Wallet
Bifrost Wallet is a secure, private, non-custodial crypto wallet. It works as your digital keychain for blockchains and assets such as Flare (FLR), Songbird (SGB), Ethereum (ETH), XRP Ledger (XRP), and Bitcoin (BTC).
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