---
sidebar_position: 1
slug: fassets-cycle
title: FAssets Cycle
authors: [nikerzetic]
description: An overview of the FAssets cycle with the use of Flare Smart Accounts.
tags: [intermediate, ethereum, flare-smart-accounts]
keywords:
  [
    flare-fdc,
    ethereum,
    flare-smart-accounts,
    evm,
    flare-network,
    account-abstraction,
  ]
unlisted: false
---

import ThemedImage from "@theme/ThemedImage";
import useBaseUrl from "@docusaurus/useBaseUrl";

In this guide, we will walk you through all aspects of the [FAssets](/fassets/overview) process.
We will start with an account on XRPL, convert some of the XRP to FXRP on Flare, deposit it into an Upshift-type vault, redeem it from the vault, and then redeem FXRP back to XRP.
The steps we will take will be as follows:

1. **mint and deposit:** convert XRP to FXRP and deposit it to an Upshift-type vault
2. **request redeem:** start the withdrawal process of the deposited FXRP the Upshift-type vault
3. **claim:** finish the withdrawal process of FXRP from the Upshift-type vault
4. **redeem:** convert FXRP back to XRP

We will do all of that through the [Flare Smart Accounts CLI](/smart-accounts/guides/cli/introduction).
The CLI allows us to make XRPL transactions through terminal commands.

:::note
The idea behind the Flare Smart Accounts is that we perform actions on the Flare chain through instructions sent on XRPL.
:::

The same process can be repeated for a Firelight-type vault, but in this guide, we will only focus on an Upshift-type vault.

## Mint and deposit

First, we mint FXRP by reserving the necessary collateral and then sending XRP to the agent's underlying address.
We will mint `1` lot of FXRP, with the agent at the address whose vault has the ID `1`.
Then, we deposit `10` FXRP into the Upshift-type vault, registered with the `MasterAccountController` with the ID `2`.

The CLI command that does this is:

```sh
./smart_accounts.py encode upshift-cr-deposit --wallet-id 0 --value 1 --agent-vault-id 1 --vault-id 2 \
  | ./smart_accounts.py bridge instruction - \
  | ./smart_accounts.py bridge mint-tx --wait -
```

<details>
<summary>Expected output</summary>
```
sent bridge instruction transaction: 77539CDED3BD58E151CD0000EEC611A43A5539620B7CE4198BB3D63B031E9818
sent mint tx: 3C65E10D609AB3CC1DBD03C96E401704123C0630D8AE5622B651A1E0159C1D38
3C65E10D609AB3CC1DBD03C96E401704123C0630D8AE5622B651A1E0159C1D38
```

</details>

The CLI sends both the Upshift collateral reservation and deposit instruction, and the `Payment` transaction to the agent's underlying address.

We could perform the minting and deposit steps separately.
To do so, we would do so with the following commands.
But that would take an additional transaction and twice as long, so it is recommended that we avoid it unless we have a very specific reason why the first command is not suitable.

```sh
./smart_accounts.py encode fxrp-cr --wallet-id 0 --value 1 --agent-vault-id 1 \
  | ./smart_accounts.py bridge instruction - \
  | ./smart_accounts.py bridge mint-tx --wait -
```

The first command reserves `1` lot of collateral with the agent's vault with ID `1`, and makes a mint payment to its address.

```sh
./smart_accounts.py encode upshift-deposit --wallet-id 0 --value 10 --vault-id 2 \
  | ./smart_accounts.py bridge instruction -
```

The second command deposits `10` FXRP into an Upshift-type vault registered with the ID `2`.

<details>
<summary>Expected outputs</summary>

Mint:

```sh
sent bridge instruction transaction: 75FB3ED006417FC1537432DA2D7180BD5BED93F23B988F77E32ED0804CD1A332
sent mint tx: 4BF8F3B32E234335F9EC6FE503E33B9EDF4E3E37D1E952DF28D260AC909609F1
4BF8F3B32E234335F9EC6FE503E33B9EDF4E3E37D1E952DF28D260AC909609F1
```

Deposit:

```sh
sent bridge instruction transaction: 404EE0470152513277B10E5ADB6388175010634CDAF1815979ED418CDBAD0C45
404EE0470152513277B10E5ADB6388175010634CDAF1815979ED418CDBAD0C45
```

</details>

## Request redeem

We withdraw the same number of FXRP tokens that we have just deposited from the Firelight vault (`10`).
The process involves two steps.
Before we can withdraw the tokens, we need to request their withdrawal.
In a production build, the tokens stay locked for a specified time.

The CLI first sends the `withdraw` instruction, and afterwards, the `claimWithdraw`.
The first instruction starts the withdrawal process, and the second claims the FXRP once it is released.

To request the withdrawal of `10` FXRP from the Upshift-type vault with ID `2`, we use the command:

```sh
./smart_accounts.py encode upshift-request-redeem --wallet-id 0 --value 10 --vault-id 2 \
  | ./smart_accounts.py bridge instruction -
```

<details>
<summary>Expected output</summary>

```sh
sent bridge instruction transaction: 33B08253AE3907A8CE07EA3F5C9BE91EBCC6089339725A8BCFF371ED86F26238
33B08253AE3907A8CE07EA3F5C9BE91EBCC6089339725A8BCFF371ED86F26238
```

</details>

## Claim

After the waiting period has passed, we can claim the FXRP we requested.
This is the second step of the withdrawal process.
We need to specify the date when the redemption request was put in.
We made the request on 28 Dec 2025, so the value parameter should be `20251218`.
But in general, the value should be `YYYYMMDD`, where `YYYY` is the year, `MM` the month, and `DD` the date.

To complete the withdrawal from the Upshift-type vault with ID `2`, we use the command:

```sh
./smart_accounts.py encode upshift-claim --wallet-id 0 --value 20251218 --vault-id 2 \
  | ./smart_accounts.py bridge instruction -
```

<details>
<summary>Expected output</summary>

```sh
sent bridge instruction transaction: 8D81F5A2625A927A6759646806BC8217147523F069899A4A2586562D6E0F105E
8D81F5A2625A927A6759646806BC8217147523F069899A4A2586562D6E0F105E
```

</details>

## Redeem

The last step is to convert FXRP back to XRP.
We will redeem the `1` lot of FXRP we minted in the first step back to XRP.
We will invoke the CLI with the following command:

```sh
./smart_accounts.py encode fxrp-redeem --wallet-id 0 --value 1 \
  | ./smart_accounts.py bridge instruction -
```

<details>
<summary>Expected output</summary>

```sh
sent bridge instruction transaction: FE9D00397D8F11364C6E2792D62F801AA8BEF3499EB5068B624CAD1477ED7721
FE9D00397D8F11364C6E2792D62F801AA8BEF3499EB5068B624CAD1477ED7721
```

</details>