POPA ReconFlare's FLR Jumps 20% as FXRP Lending Demand Surges
Flare's FLR Jumps 20% as FXRP Lending Demand Surges Flare's FLR is up nearly 20% over the past week as FXRP lending demand surges against Ripple's RLUSD: about $7.13M has been supplied and $6.35M borrowed, an 89% utilization rate. FXRP, Flare's wrapped XRP, is the first XRP-based asset accepted as collateral in a major on-chain lending market, an institutionally curated $280M RLUSD vault built on Morpho on Ethereum and live since early August. It lets XRP holders unlock dollar liquidity without selling their coins. Flare seeded the pool with 1M RLUSD at launch and it was borrowed within hour…
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