Glossary

Agent

Independent participants posting collateral and facilitating source asset custody and redemption.

In FAssets, users do not rely on centralized custodians. Instead, independent overcollateralized agents handle source-chain settlements. With Core Vaults, assets are secured in shared multi-sig custody. If an unauthorized transaction is proven by a Challenger, the agent's collateral is liquidated.

FAssets

Core VaultA shared multi-sig vault on source chains preventing single-agent custody risk.
FAssetsDecentralized, trustless framework bridging non-smart contract assets onto Flare as ERC-20 tokens.
FXRPThe first live FAsset on Flare, backed 1:1 by native XRP on the XRP Ledger.
LiquidationAutomated protocol mechanism restoring solvency when an agent's collateral falls below safety thresholds.
ChallengerWatchdogs who detect and submit proof of unauthorized agent transactions to trigger liquidation.

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Agent

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