dogecoinetfprogress

$178B in idle $XRP can finally be put to work.
New DeFi chapter starts on @FlareNetworks
XRP is the 3rd crypto with a Mcap around $178B, yet most of it just sits idle.
There’s little DeFi composability, limited cross-chain access, and virtually no way to put XRP to work without selling it.
A big capital is locked away despite the asset’s high liquidity.
7M active addresses hold XRP, which likely represents about 2–3M actual holders.
Until now they had only two options: keep their XRP and earn nothing, or sell it to deploy capital elsewhere. With @FlareNetworks and @Firelightfi protocol powering LSTs, users can now use XRP as collateral to borrow without selling.
Recently @enosys_global launched Enosys Loans, a CDP protocol that lets XRP holders mint stablecoins on Flare by depositing FXRP, wFLR, and soon stXRP.
FXRP is a 1:1 bridged representation of XRP, so users can effectively create a stablecoin backed directly by their XRP. XRP always stays in the XRP Ledger.
The system is powered by a @LiquityProtocol V2 fork, a battle-tested CDP design known for immutability, robust redemptions, and a strong peg.
Automatic liquidations and a Stability Pool help keep the stablecoin secure and user-friendly from day one on Flare.
Enosys also integrates Flare Time Series Oracle (FTSO), a decentralized oracle that aggregates prices from many independent providers instead of a single source.
This delivers fair, tamper-resistant collateral pricing and reduces the risk of unjust liquidations.
Borrowers on Flare can even set their own APR.
Choosing a lower rate comes with a trade-off: positions with the lowest APR are the first to be redeemed if the stablecoin dips below its $1 peg.
Still, giving borrowers that flexibility is a powerful feature.
This is a major milestone for $XRP , the first time a true XRP-backed stablecoin can be minted.
It will strengthen the Flare ecosystem and drive more activity across the FAssets system, boosting on-chain liquidity.
The opportunity grows as stXRP is added as collateral.
Users will earn liquid-staking rewards while minting a stablecoin they can deploy throughout DeFi, enabling new “money-lego” protocols to build on top.
On top of that, users minting the stablecoin with XRP can earn rFLR rewards, further increasing usage of FXRP, stXRP, and the broader FAssets network.
All of this sets the stage for a vibrant and expanding Flare ecosystem.
Always DYOR and size accordingly. NFA!
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