Enosys Loans Unlocks DeFi Power for XRP on Flare

Using FXRP (wrapped XRP) or wFLR as collateral, Enosys Loans has introduced the first Collateralized Debt Position (CDP) protocol on Flare, thereby enabling XRP holders to create a trustless, overcollateralized stablecoin. Starting in December 2025 as a fork of Liquity V2, it quickly reached about $3.5–3.6 million in TVL, with 1.6 million CDP produced, including $1 million backed by XRP. Early adopters are encouraged even more via rFLR rewards for adding stability pool or for supplying DEX liquidity; stXRP integration is next.

Beginning with caps of $4 million for FXRP and $1 million for wFLR, the protocol allows users to open CDPs and mint a stablecoin soft-pegged to $1, beginning with a minimum debt per position of $500. Borrowers select their own APR, yet those picking lower rates have a greater possibility of being redeemed against should the peg swing. While Flare's Time Series Oracle (FTSO) offers decentralized, tamper-resistant price feeds for safe collateral valuation, liquidations are managed by a stability pool that collects fees and incentives.

For XRP holders, Enosys Loans offers a method of unlocking liquidity without trading their assets, hence drawing them further into the Flare DeFi ecosystem. While profiting from the composability of Flare-native protocols and F-Assets like future FBTC support, staking (with stXRP), borrowing, and liquidity provision can help them to yield. Generally, the protocol builds on Liquity's advantages of immutability, strong risk mechanisms, and cheap fees while increasing XRP's application beyond payments and improving capital efficiency.