Flare has been building one of the most ambitious attempts to bring XRP into DeFi.
Through FXRP, XRP holders can take an asset that historically lived largely outside smart contract ecosystems and put it to work onchain. More than 150 million XRP has already moved onto Flare through FXRP, opening the asset up to lending, vaults and other DeFi applications.
Today, Derive adds FXRP as collateral, giving holders access to XRP options and perpetuals directly from Flare.
The next piece of XRPFi
First, Flare needed to make XRP programmable. Then XRP needed places to go: lending markets, vaults and other ways to put capital to work. Options are a natural next step.
FXRP holders can now use their collateral to hedge XRP exposure, trade volatility, sell options to earn premium or construct spreads around different market views.
XRP options and perpetuals sit within Derive’s Portfolio Margin V2 system, allowing positions to be managed against the same collateral balance rather than treating every trade independently.
Building a deeper market around XRP
Our goal is to become the home for options across DeFi. Rather than every ecosystem having to build its own derivatives infrastructure. Flare is building the financial infrastructure around XRP.
A mature market needs more than somewhere to hold an asset or borrow against it. Traders eventually need ways to hedge risk, trade volatility and express more complex views on where that asset is going.
