XRP DeFi Gets Boost with Flare’s Non-Custodial FXRP Launch

TLDR Flare Network has launched FXRP, a wrapped version of XRP for decentralized finance applications. FXRP is the first live deployment of Flare’s FAssets system, making XRP usable in DeFi protocols. Users can mint FXRP by depositing XRP as collateral through Flare’s network of independent agents. FXRP is non-custodial and over-collateralized, with protocol-level verification ensuring [...]

The post XRP DeFi Gets Boost with Flare’s Non-Custodial FXRP Launch appeared first on Blockonomi.