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- 🎉【Gate Singapore Flagship Event · Square Fun Quiz Challenge Day 1】
#TOKEN2049# is just around the corner, and Gate is bringing the heat to Singapore!
Token of Love Music Festival, Gate x Oracle Red Bull Racing Reception, and the F1 Race Viewing are all set to roll out!
Join Square Fun Quiz Challenge now, test how much you know about the events and share $100 BTC in rewards!
To join: Comment your answers (format: 1B 2A 3B 4C)
🎁 Rewards: 3 lucky winners each day → $10 BTC each
👑 Bonus: Answer all questions correctly for 3 days → Extra $10 BTC for Super Quiz King!
📖 Day 1 · Quiz (Single Choic - 💥 Gate Square Event: #SOMI Creative Contest# 💥
Post original content related to SOMI or CandyDrop #76 on Gate Square for a chance to share 180 SOMI rewards!
CandyDrop 76: CandyDrop x Somnia (SOMI)👉 https://www.gate.com/announcements/article/46912
📅 Event Period: Sep 8, 2025 – Sep 15, 2025
📌 How to Participate:
Post original content related to SOMI or the CandyDrop event
Minimum 80 words
Add hashtag: #SOMI Creative Contest#
Include CandyDrop participation screenshot
🏆 Rewards:
🥇 1st Prize (1 winner): 60 SOMI
🥈 2nd Prize (3 winners): 30 SOMI each
🥉 3rd Prize (6 winners): 10 SOMI each
(T - 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
Join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 16:00, Sep 17 (UTC)
We Are Going to Take XRP to New Heights, Says Flare Founder
Flare CEO Hugo Philion has reiterated his ambition to enhance the XRP ecosystem far beyond its current state.
He is doubling down on his commitment to unlocking billions in XRP liquidity through DeFi integration.
Taking XRP to New Heights
Yield Opportunities Emerge
In August, details of Firelight’s potential yields came to light. Speaking with Scott Melker, Philion and Sentora CTO Jesus Rodriguez revealed that XRP could generate annual returns of 4–7% through Firelight. For an asset that has historically offered no yield, this represented a breakthrough.
They designed the system to remain non-custodial and decentralized, avoiding the risks investors witness with centralized exchanges. With wrapped XRP (FXRP) secured on Flare and represented by stXRP, holders can participate in lending, borrowing, and even minting stablecoins, similar to Ethereum’s MakerDAO model.
Expanding Beyond Cross-Border Payments
XRP has long faced criticism for its lack of native smart contract support, limiting its role in DeFi. However, Flare’s EVM compatibility, oracle services, and cross-chain integrations aim to change that. Firelight is now unlocking idle liquidity estimated at over $100 billion in untapped XRP to position XRP as a serious player in on-chain finance.
Community voices like attorney Bill Morgan have echoed this sentiment. He previously noted that XRP needs to “work harder” and expand its utility beyond cross-border payments With Firelight, that vision is beginning to materialize.
How Will XRP’s Price React?
Meanwhile, Flare’s push to bring DeFi to XRP has continued to spark discussion about its potential impact on XRP’s price. EasyA co-founder Dom Kwok noted that XRP has not yet had its breakout DeFi moment but already reached a peak market cap of over $200 billion.
He argued that XRP could scale to four figures once it experiences a true DeFi breakout, supported by institutional adoption, stablecoin payments, ETFs, and increased retail participation.