New Institutional Backed Lending Market
Flare announced Monday that its wrapped version of XRP, FXRP, has been approved as collateral by Sentora, which manages a $280 million RLUSD lending pool.
The approval enables an isolated FXRP/RLUSD lending market on Morpho Blue, allowing users to deposit FXRP as collateral and borrow RLUSD while maintaining exposure to XRP’s price.
The lending market is permissionless, meaning users do not need to join a whitelist to participate.
The integration gives XRP holders a way to unlock liquidity without selling their tokens, expanding the cryptocurrency’s role in decentralized finance.
