Flare said its wrapped token FXRP has been added to a $280 million lending pool managed by Sentora, opening a new borrowing route for XRP holders. Through an isolated market on Ethereum-based Morpho Blue, users can post FXRP as collateral and borrow RLUSD, the stablecoin issued by Ripple. The setup gives holders a way to access liquidity without selling their XRP exposure. For now, the process requires users to mint FXRP through the FAssets system and then bridge the asset to Ethereum before using it on Morpho Blue. Flare also said it is working on a smart account feature designed to reduce that friction. Once available, the feature is intended to let users authorize borrowing directly from an XRP Ledger wallet. The development was reported by CoinDesk and highlighted by Techub in a market analysis brief.
Flare said its wrapped token FXRP has been added to a $280 million lending pool managed by Sentora, allowing users to borrow Ripple stablecoin RLUSD against FXRP collateral.
The borrowing route is available through an isolated market on Morpho Blue, the lending platform on Ethereum. Under the arrangement, XRP holders can access liquidity without selling their tokens.
At this stage, users need to mint FXRP through the FAssets system and bridge it to Ethereum before using it in the lending market. Flare said it is developing a smart account feature to simplify that process, with support planned for direct borrowing authorization from XRP Ledger wallets. CoinDesk was cited as the source of the report.
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