XRP Holders Can Now Mint Stablecoins on Flare with Enosys’ New Loan Protocol
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- Enosys introduces the first-ever XRP-backed stablecoin loan protocol on Flare, using the Liquity V2 model.
- XRP holders can mint overcollateralized stablecoins without selling their assets.
- Plans include supporting staked XRP (stXRP) for additional DeFi benefits.
Enosys has launched Enosys Loans, a collateralized debt position (CDP) protocol that lets XRP holders mint an overcollateralized stablecoin without selling their assets. It’s the first XRP-backed stablecoin loan service live on Flare
The product uses FXRP, a wrapped version of XRP, as the initial collateral with plans to support staked XRP (stXRP) in the future.
This development marks the first time a decentralized stablecoin is fully backed by XRP. In other words, the launch expands XRP’s role from payments into yield-generating decentralized finance (DeFi) activities.
Related: XRP Staking and De…
Read The Full Article XRP Holders Can Now Mint Stablecoins on Flare with Enosys’ New Loan Protocol On Coin Edition.
XRP Holders Can Now Mint Stablecoins on Flare with Enosys’ New Loan Protocol
Share:
- Enosys introduces the first-ever XRP-backed stablecoin loan protocol on Flare, using the Liquity V2 model.
- XRP holders can mint overcollateralized stablecoins without selling their assets.
- Plans include supporting staked XRP (stXRP) for additional DeFi benefits.
Enosys has launched Enosys Loans, a collateralized debt position (CDP) protocol that lets XRP holders mint an overcollateralized stablecoin without selling their assets. It’s the first XRP-backed stablecoin loan service live on Flare
The product uses FXRP, a wrapped version of XRP, as the initial collateral with plans to support staked XRP (stXRP) in the future.
This development marks the first time a decentralized stablecoin is fully backed by XRP. In other words, the launch expands XRP’s role from payments into yield-generating decentralized finance (DeFi) activities.
Related: XRP Staking and De…
Read The Full Article XRP Holders Can Now Mint Stablecoins on Flare with Enosys’ New Loan Protocol On Coin Edition.










