Flare CEO Hugo Philion highlighted the potential for XRP lending to grow larger than expected through two different systems: an external DeFi infrastructure using FXRP as collateral on platforms like Morpho, and a proposed native lending protocol on the XRP Ledger called XLS-66. Currently, FXRP-backed lending markets operate outside the XRP Ledger, allowing XRP holders to participate in onchain credit markets. Meanwhile, XLS-66 aims to enable native XRP Ledger loans with fixed terms and no collateral, pending activation. These developments could increase XRP's utility in DeFi and simplify lending processes for holders in the future.
The story on XRP lending developments offers context for readers following crypto markets. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 07, 2026 23:32 WIB: out of 50 major cryptocurrencies, only 6 rose while 42 fell. Among notable movers, UNI and CAKE both dropped by 9.42%, priced at Rp140.800 and Rp39.403 respectively, while SUSHI fell 8.16% to Rp4.175. Typical hold times vary from 65 to 101 days, with differing Pluang order activities, such as CAKE's 88% buy activity contrasting UNI's 65% buy and SUSHI's 65% sell activity.
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