Big Win for XRP Holders: On-Chain Options Arrive via Flare’s FXRP
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Layer-1 chain Flare now supports FXRP as collateral on Derive, letting XRP holders mint FXRP via Flare’s FAssets system and trade on-chain options and perpetual futures directly from their wallets. Deposited FXRP can be managed inside a single Portfolio Margin V2 account to cover hedging, premium generation and directional trades, improving capital efficiency and crypto DeFi adoption across DEX derivatives markets.
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Layer-1 chain Flare has announced that FXRP now works as collateral on Derive, letting XRP holders trade on-chain options and perpetual futures from their own wallets.
According to a press release shared with CryptoPotato, holders can mint FXRP through Flare’s FAssets system, deposit it on Derive, and run positions from a single Portfolio Margin V2 account, which covers hedging, premium generation, and directional trades on the same collateral.
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