Enosys Loans: The First XRP-Backed Stablecoin on Flare

Enosys Loans has launched on Flare, allowing XRP holders to mint a trustless, overcollateralized stablecoin using FXRP or wFLR as collateral. Users can open CDPs to mint the stablecoin and early users will receive rFLR incentives. stXRP collateral support is coming soon. This is the first CDP protocol on Flare and enables XRP holders to access the value of their XRP without selling their tokens.