Enosys Loans Lets Users Mint First XRP-Backed Stablecoins on Flare
Enosys has launched Enosys Loans, a Collateralized Debt Position protocol on the Flare blockchain. The system allows XRP holders to mint a trustless, overcollateralized stablecoin without selling their assets. At launch, FXRP and wFLR are accepted as collateral, with plans to add stXRP in the near future. The protocol uses the CDP model, where users lock assets as collateral to generate stablecoins valued near $1. A stability pool manages liquidation events and covers outstanding debt, while participants earn rewards from minting fees, interest, and liquidation proceeds. Collateral Pricing via FTSO Collateral pricing is provided by the Flare Time Series Oracle…






