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3w ago

Flare Debuts XRP Modular Lending With Morpho via Mystic

The move lets XRP holders earn or borrow against FXRP while retaining base-layer custody on the XRP Ledger.

First ever modular lending for xrp debuts on flare via morpho and mystic
Xrp enters a new yield era as modular lending goes live on flare
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Overview

  • FXRP lending is live on Flare through Morpho, allowing users to supply FXRP for yield or borrow stablecoins without selling their XRP.
  • Markets operate as permissionless, risk‑isolated pairs with a single collateral and borrow asset, and parameters such as LTV set at creation.
  • Mystic is the primary interface at launch for discovering curated vaults and interacting with Morpho on Flare.
  • Independent curators, including Clearstar, have launched vaults supporting FXRP, FLR, and USDT0.
  • Flare positions the rollout as a key XRPFi milestone, citing Morpho’s network with over $10 billion in deposits and noting more interfaces are expected over time.