Flare FXRP Base Supply Rate at 0.04%… Yield Including Rewards at 0.59%

Flare's FXRP lending market is showing a base supply rate of just 0.04% APR, with Kinetic app displaying a rewards-inclusive supply APY of 0.59% on $24.22 million in FXRP deposits (approximately 32.6 billion won at 1,345.07 won per dollar). The Kinetic interface breaks down the yield as a 0.55% RFLR rewards component layered on top of the base rate, while FlareSignal's on-chain dashboard reports 19,418,104.88 FXRP supplied and 1,301,473.01 FXRP borrowed, implying a utilization rate of 6.70% (Kinetic rounds this to 7%). The figures matter because utilization—the share of supplied assets actually borrowed—remains the key driver of base rates on Flare's lending markets, and current levels sit far below thresholds where borrowing demand would push supplier yields meaningfully higher. Watch for FXRP utilization trends and any changes in RFLR reward emissions, as rising borrowing demand would lift the base rate while reward adjustments would directly affect the headline 0.59% APY shown to depositors.