Defi Innovation: Enosys Loans Introduces XRP to the Decentralized Finance World for the First Time
In the ever-evolving world of decentralized finance (DeFi), Enosys Loans is making waves as a pioneering platform. Set to become a multi-asset Collateralized Debt Position (CDP) platform, Enosys Loans is poised to include XRP, Bitcoin, and other high-value tokens.
Launched on the Flare Network, Enosys Loans marks a significant milestone - the first time XRP can be utilised in DeFi. The platform is a friendly fork of Liquity V2, optimised for the Flare Network, and was officially introduced on or around September 19, 2025.
Enosys Loans operates as a DeFi platform for minting stablecoins using non-smart contract assets, such as XRP, leveraging the Flare Time Series Oracle (FTSO) for accurate and decentralized bitcoin price and xrp price data. The FTSO aggregates price data from numerous independent providers, making it tamper-resistant and highly precise.
FTSO V2 is currently scaling to support thousands of data feeds, ensuring the platform's growth and reliability. This scalability is crucial for Enosys Loans, as it allows users to mint stablecoins using wrapped XRP (FXRP) or wrapped Flare (wFLR) as collateral, without selling their XRP or bitcoin.
Users who provide wFLR as collateral on Enosys Loans can reap additional benefits, including delegation rewards and FlareDrops. This unique feature not only provides liquidity but also rewards users for their participation in the platform.
Enosys Loans aims to offer lending, borrowing, and yield opportunities for these non-smart contract assets, reshaping DeFi interactions with XRP and potentially bitcoin. A second audit is underway to ensure the safety and reliability of the platform before its full launch.
With Enosys Loans, the DeFi landscape is expanding to include assets previously excluded from the sector. This fusion of Liquity V2 and Flare Network's infrastructure is set to open up a world of opportunities for XRP and potentially bitcoin holders, enabling them to engage in DeFi without selling their assets. At launch, Enosys Loans will support FXRP and wFLR as collateral, with plans to add stXRP and FBTC later.
In summary, Enosys Loans is a groundbreaking DeFi platform that brings liquidity, rewards, and DeFi opportunities to XRP and potentially bitcoin holders on the Flare Network. The platform's use of the FTSO for accurate, tamper-resistant xrp price and bitcoin price data, its friendly fork of Liquity V2, and its ambitious plans for growth make it an exciting development in the DeFi sector.
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