POPA ReconFlare [FLR] Up 20% on the Week as XRP-Backed RLUSD Lending Hits 89% Utilisation
Flare [FLR] Up 20% on the Week as XRP-Backed RLUSD Lending Hits 89% Utilisation $FLR is up ~20% in the past week as XRP holders pile into Flare-powered borrowing. The FXRP/RLUSD market on Morpho is running at ~89% utilisation: about $7.13M of Ripple's RLUSD supplied and $6.35M already borrowed against wrapped XRP. That means roughly 89 cents of every dollar is out on loan. XRP is minted into FXRP on Flare and posted as collateral in an isolated Morpho market, fed by Sentora's $280M RLUSD vault. Every loan runs through Flare, so FLR now has a use tied directly to XRP credit. 🔗 x.com/cryptodo…
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