PANews|2月 03, 2026 13:04
[Flare Enables Lending Functionality for Its On-Chain XRP-Pegged Asset FXRP Through Integration with Morpho]
According to CoinDesk, 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 use FXRP as collateral to borrow stablecoins and other assets. The feature is currently accessible via the standalone Mystic application, initially offering lending pools supported by FXRP, Flare's native token FLR, and the stablecoin USDT. Morpho's market design isolates each pair of lending assets to limit risk transmission.
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