PANews reported on February 3rd that, according to CoinDesk, the blockchain network Flare has enabled lending functionality for its on-chain XRP-pegged asset, FXRPPANews reported on February 3rd that, according to CoinDesk, the blockchain network Flare has enabled lending functionality for its on-chain XRP-pegged asset, FXRP
Flare has enabled lending functionality for its on-chain XRP-pegged asset, FXRP, through integration with Morpho.
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PANews reported on February 3rd that, according to CoinDesk, the blockchain network Flare has enabled lending functionality for its on-chain XRP-pegged asset, FXRP, through integration with the cross-chain lending protocol Morpho. This update aims to provide XRP holders with more decentralized finance options, allowing them to earn interest by depositing FXRP or borrow other assets such as stablecoins using FXRP as collateral. This functionality is currently accessible through the standalone Mystic application, initially offering lending pools backed by FXRP, Flare's native token FLR, and the stablecoin USDT0. Morpho's market design segregates each pair of lending assets to limit risk contagion.
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