Flare Founder Proposes Borrowing RLUSD Against XRP Directly From XRPL
- —The scheme: XRP on XRPL → FXRP on Flare → RLUSD loan via Morpho → RLUSD in an XRPL wallet
- —Requires approval of the PermissionDelegationV1_1 amendment: over 80% validator support for two weeks
- —Requires a working Wormhole bridge for RLUSD
- —Flare has already received approval for an FXRP lending market with RLUSD based on Morpho
Why it matters: It gives XRP holders access to DeFi lending without changing wallets or moving assets, strengthening the link between XRPL and Ethereum DeFi.
Source: Cryptonews.net