Enosys Loans Brings XRP and Bitcoin Into DeFi With Flare Integration

Enosys has revealed the launch of Enosys Loans, a major development for decentralized finance that introduces the first-ever Collateralized Debt Position (CDP) protocol using XRP (FXRP) as collateral to mint a stablecoin.

Built as a friendly fork of Liquity V2 and deployed on the Flare Network, the protocol is designed to extend DeFi access to assets that have historically been excluded from smart contract ecosystems.

Unlocking DeFi for XRP and Bitcoin

XRP holders will now be able to use their tokens as collateral in a CDP structure, enabling them to mint a stablecoin and participate in lending, borrowing, and yield generation. This represents a turning point for XRP, which lacks native smart contract capabilities on its own ledger and has therefore been underrepresented in DeFi.

The protocol’s roadmap goes beyond XRP. Enosys Loans will also support wFLR at launch, with future plans to integrate staked XRP (stXRP), FBTC (Bitcoin bridged to Flare), and other F-Assets. In doing so, the platform aims to unlock new levels of utility for both XRP and Bitcoin, two of the largest cryptocurrencies by market capitalization.

A Fork of Liquity V2, Optimized for Flare

By adapting Liquity V2, one of Ethereum’s leading CDP protocols, Enosys gains access to proven mechanics like efficiency, low fees, and user-controlled interest rates. On Flare, these features are enhanced by the network’s unique capabilities, including scalability and interoperability.

Central to the protocol is the Flare Time Series Oracle (FTSO), which provides decentralized and reliable price feeds. By aggregating data from independent signal providers, the FTSO ensures accurate collateral-to-debt ratios and protects users from volatility.

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Rewards and Expanding Collateral Options

All wFLR deposited as collateral will automatically be delegated, allowing users to earn delegation rewards and FlareDrops on top of their participation in the protocol.

Over time, Enosys Loans plans to expand collateral support to multiple F-Assets, positioning itself as a multi-asset CDP protocol that combines decentralization with flexibility. This makes it a versatile entry point for high-value assets like XRP and Bitcoin into DeFi applications.

With Enosys Loans, DeFi is opening its doors to two of the crypto industry’s most recognized assets, reshaping how non-smart contract tokens can be utilized in decentralized ecosystems.