Flare CEO Says Ripple CTO Underestimates XRP Ledger Lending Potential
- —Flare's FXRP lending market has issued $7.2 million in RLUSD against 10.8 million wrapped XRP
- —The native XRPL lending protocol XLS-66 is still awaiting validator approval
- —Three addresses hold 93% of the debt in Morpho pools, with Sentora providing liquidity
- —Flare plans to bring smart-contract-like logic to XRPL via Protocol Managed Wallets and Confidential Compute
Why it matters: If Flare delivers XRPL lending without waiting for native upgrades, fee and liquidity flows could shift toward its ecosystem rather than Ripple's.
Source: U.Today