Flare Network Expands DeFi Access For XRP Holders
Flare allows XRP holders to borrow without selling as nearly 90 percent of FXRP integrates into decentralized finance protocols.
Flare has introduced a mechanism enabling $XRP holders to borrow assets without liquidating their holdings, according to HackerNoon. The rollout coincides with nearly 90% of FXRP being deployed across decentralized finance applications.
DeFi Integration
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The integration allows users to put their assets to work within various protocols while maintaining exposure to their original holdings. The network reported that a significant majority of the circulating FXRP supply is now active within the decentralized finance ecosystem.
Key Facts
- Asset Utilization: Nearly 90% of FXRP is currently active in decentralized finance protocols.
- Borrowing Feature: XRP holders can borrow without selling their underlying assets.
- Platform: The functionality is hosted on the Flare network.
Source: news.google.com
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