Enosys is bringing XRP-backed stablecoin on Flare via Enosys Loans to enable trustless collateralized lending, liquidity access, and DeFi opportunities.Enosys is bringing XRP-backed stablecoin on Flare via Enosys Loans to enable trustless collateralized lending, liquidity access, and DeFi opportunities.

Enosys Debuts ‘Enosys Loan’ to Bring First XRP-Backed Stablecoin to Flare

flare x enosys

Enosys has officially announced the launch of Enosys Loans to empower the Flare network with the first-ever XRP-backed stablecoin. For decentralized finance, this achievement represents a significant milestone. Through this, the XRP holders will get the opportunity to mint a trustless and overcollateralized stablecoin, without the need to sell out the tokens.

This protocol was initially launched with FXRP and wFLR, now expanding its existence to staked XRP (stXRP). This milestone is set to extend groundbreaking opportunities across the decentralized finance (DeFi) ecosystem.

Enosys Enables Stability with CDPs Utilization

The Collateralized Debt Position (CDP) protocol is the major driving force behind Enosys Loans. The protocol is set to empower users so that they can mint collateral-backed stablecoins. With this initiative, the platform aims to bring the token’s value close to $1. It further enables users to maintain their assets intact while accessing liquidity.

The stability pool is the essential element of the system, allowing the event of liquidation to cover the outstanding debt. The users are set to leverage mint fees, interest payments, and liquidation rewards to earn real yield by staking their stablecoins.

The protocol has also announced its partnership with the Flare Time Series Oracle (FTSO) to introduce stability and transparency. The Flare Time Series Oracle (FTSO) strives to provide decentralized and tamper-resistant collateral pricing. As compared to traditional oracles, FTSO is bound to provide high accuracy while protecting participants from centralized data feeds, which are not reliable. 

Enosys Offers a Growth-based Roadmap along with a Friendly Fork of Liquity V2

Enosys is poised to preserve key principles, including decentralization, immutability, and security, while adapting the fair Liquity V2 model for Flare. The platform further aims to add user-friendly borrowing rates, liquidity incentives, and capital efficiency. The XRP holders will get the FXRP locking opportunity for the first time to mint a decentralized stablecoin.

This initiative is set to yield generation, enable borrowing, and liquidity provision across the landscape of decentralized finance. Now, the borrowers can manage their preferred annual percentage rate (APR). But if the stablecoin slips below its peg, it will face high redemption risk with lower interest positions.

In the upcoming journey, stXRP’s integration from Firelight will give users a chance to stake their XRP twice. With this, they will earn staking rewards while acting as collateral. Moreover, Enosys is poised to extend its reach, empowering more Flare-native collaterals, including FLR and additional FAssets.

The expansion will also include Enosys’ collaboration with various DeFi applications. The platform combines XRP’s strength with liquid staking to set the groundwork for scalable and decentralized liquidity, empowering the whole ecosystem of Flare.

Market Opportunity
XRP Logo
XRP Price(XRP)
$1.4677
$1.4677$1.4677
+4.04%
USD
XRP (XRP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP Buyers Defend Most Major 200-Week Price Average: Can It Be Bottom of 2026?

XRP Buyers Defend Most Major 200-Week Price Average: Can It Be Bottom of 2026?

The post XRP Buyers Defend Most Major 200-Week Price Average: Can It Be Bottom of 2026? appeared on BitcoinEthereumNews.com. XRP has returned to its 200-week moving
Share
BitcoinEthereumNews2026/02/08 19:49
Expert Tags Ethereum’s ERC-8004 Mainnet Launch An “iPhone Moment”, Here’s What It Means

Expert Tags Ethereum’s ERC-8004 Mainnet Launch An “iPhone Moment”, Here’s What It Means

Market analyst says Ethereum is having an “iPhone moment” as it approaches the ERC-8004 mainnet launch.
Share
Coinstats2026/02/08 19:56
Breaking: CME Group Unveils Solana and XRP Options

Breaking: CME Group Unveils Solana and XRP Options

CME Group launches Solana and XRP options, expanding crypto offerings. SEC delays Solana and XRP ETF approvals, market awaits clarity. Strong institutional demand drives CME’s launch of crypto options contracts. In a bold move to broaden its cryptocurrency offerings, CME Group has officially launched options on Solana (SOL) and XRP futures. Available since October 13, 2025, these options will allow traders to hedge and manage exposure to two of the most widely traded digital assets in the market. The new contracts come in both full-size and micro-size formats, with expiration options available daily, monthly, and quarterly, providing flexibility for a diverse range of market participants. This expansion aligns with the rising demand for innovative products in the crypto space. Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, noted that the new options offer increased flexibility for traders, from institutions to active individual investors. The growing liquidity in Solana and XRP futures has made the introduction of these options a timely move to meet the needs of an expanding market. Also Read: Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple! Rapid Growth in Solana and XRP Futures Trading CME Group’s decision to roll out options on Solana and XRP futures follows the substantial growth in these futures products. Since the launch of Solana futures in March 2025, more than 540,000 contracts, totaling $22.3 billion in notional value, have been traded. In August 2025, Solana futures set new records, with an average daily volume (ADV) of 9,000 contracts valued at $437.4 million. The average daily open interest (ADOI) hit 12,500 contracts, worth $895 million. Similarly, XRP futures, which launched in May 2025, have seen significant adoption, with over 370,000 contracts traded, totaling $16.2 billion. XRP futures also set records in August 2025, with an ADV of 6,600 contracts valued at $385 million and a record ADOI of 9,300 contracts, worth $942 million. Institutional Demand for Advanced Hedging Tools CME Group’s expansion into options is a direct response to growing institutional interest in sophisticated cryptocurrency products. Roman Makarov from Cumberland Options Trading at DRW highlighted the market demand for more varied crypto products, enabling more advanced risk management strategies. Joshua Lim from FalconX also noted that the new options products meet the increasing need for institutional hedging tools for assets like Solana and XRP, further cementing their role in the digital asset space. The launch of options on Solana and XRP futures marks another step toward the maturation of the cryptocurrency market, providing a broader range of tools for managing digital asset exposure. SEC’s Delay on Solana and XRP ETF Approvals While CME Group expands its offerings, the broader market is also watching the progress of Solana and XRP exchange-traded funds (ETFs). The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on multiple crypto-related ETF filings, including those for Solana and XRP. Despite the delay, analysts anticipate approval may be on the horizon. This week, REX Shares and Osprey Funds are expected to launch an XRP ETF that will hold XRP directly and allocate at least 40% of its assets to other XRP-related ETFs. Despite the delays, some analysts believe that approval could come soon, fueling further interest in these assets. The delay by the SEC has left many crypto investors awaiting clarity, but approval of these ETFs could fuel further momentum in the Solana and XRP futures markets. Also Read: Tether CEO Breaks Silence on $117,000 Bitcoin Price – Market Reacts! The post Breaking: CME Group Unveils Solana and XRP Options appeared first on 36Crypto.
Share
Coinstats2025/09/18 02:35