Enosys has launched Enosys Loans, a collateral debt position protocol on the Flare Blockchain. The system allows XRP holders to have a trustless, overcollateral stablecoin in Mint without selling their assets. During the launch, FXRP and WFLR are accepted as collateral, with plans to add STXRP in the near future.
The protocol uses the CDP model, whereby users lock assets as collateral to generate stablecoins with a value of $ 1. A stability pool manages liquidation and covers outstanding debts, while participants earn rewards from mining, interest and liquidation.
Prices for collateral via FTSO
Collateral prices are supplied by the Flare Time Series Oracle (FTSO), which collects data from independent sources to prevent dependence on centralized feeds.
Digital assets meet Tradfi in London on the FMLS25
Enosys Loans is described as a fork of Liquity V2, a protocol that has been working since 2021 and functions as defined by the user introduced loan interest and improved capital efficiency.
Borrow on flare
On Flare, users can lock Stablecoins Mint by FXRP, a representation of XRP. Borrowers can choose their loan speed, although lower rates have a higher risk of repayment if the value of the stablecoin slips under the PEG. Support for STXRP, published by Firelight, enables users to combine the number of returns with Stablecoin Minting.
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The launch marks the first Stablecoin with an XRP-supported Stablecoin on Flare and expands the use of STXRP within decentralized finances. Incentives in the form of RFLR will be distributed among users in stability and liquidity pools to encourage adoption.
Genius Act establishes the regulatory framework of the US Stablecoin
President Donald Trump recently signed the Genius Act in the law and set up the first American framework for regulating Stablecoins. The legislation defines and supervises stablecoin emission, which switches the implementation to federal financial supervisors.
Although enforcement data is submitted, the law lays a foundation for a broader crypto regulation. The signing was attended by senior republicans and crypto managers, including leaders of Kraken, Gemini, Coinbase, Circle and Tether. Analysts expect the rules to supervise the supervision of the Stablecoin and influence future American crypto policy development.
