In this Flare Explains video, we walk through the new FAssets system, how it works, and how people will be able to participate.
The FAssets system, developed by Flare Labs, allows non-smart contract tokens such as XRP, DOGE and BTC to be put to work earning yield or rewards in decentralized applications on Flare. They will also be able to be bridged onto other smart contract chains.
![](https://i.ytimg.com/vi/9OqC-aIWdRI/maxresdefault.jpg)