Since the launch of USD₮0, @FlareNetworks has seen its TVL increase by 300%. This new liquidity is helping to power FAssets like XRP, making XRPFI a reality. Full report 👇
@FlareNetworks is unlocking DeFi for one of crypto’s biggest assets. Here’s what you need to know about XRPFi: - FAssets like FXRP give $XRP smart contract utility on Flare, backed by 2x+ collateral and real-time cross-chain verification. - Flare’s native infrastructure (FTSO + FDC) secures this system without relying on external oracles or bridges. - The launch of USD₮0 via @LayerZero_Core tripled Flare’s TVL in under two weeks, injecting stablecoin liquidity into XRPFi lending, AMMs, and yield farming.
Show original
183
23.45K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.