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Crypto

XRP holders can trade options and perpetual futures without selling as FXRP collateral expands

XRP holders can use FXRP on Flare as collateral to trade options and perpetual futures on decentralised exchange Derive, without going through a centralised exchange. Flare said Derive began supporting FXRP as collateral for XRP options and perpetual futures. Derive’s XRP options settle in USDC, not XRP, requiring option sellers to maintain sufficient USDC and margin to avoid liquidation. FXRP has also been approved as collateral in Sentora’s RLUSD main vault on Morpho.

Crypto

XRP holders can borrow RLUSD without selling as Flare\'s FXRP enters Ethereum loan collateral

A new route has opened for XRP holders to borrow Ripple’s stablecoin RLUSD without selling their holdings. Flare’s XRP-based asset FXRP was approved as collateral in Centora’s RLUSD main vault, marking the first inclusion of an XRP-based asset in an institution-screened Ethereum lending vault. Users can convert XRP to FXRP on Flare, move it into the Ethereum ecosystem and deposit it on Morpho to borrow RLUSD.

Crypto

Flare targets XRP and bitcoin DeFi integration to attract institutional funds

Flare Networks is pushing to expand its DeFi connectivity from XRP to bitcoin, with CEO Hugo Philion saying it plans to extend its FAssets technology to bitcoin via a wrapped token, FBTC. Flare aims to turn major cryptocurrencies that are hard to use directly in DeFi into programmable assets. It has issued more than 150 million FXRP and targets attracting up to 5 billion XRP within six months. Flare says its FCC confidential computing could reduce full disclosure of transaction information for large participants.