@FlareNetworks is building a universally connected Web3 engine.
Literally giving developers the exact tools to build apps that can:
1. Pull data from anywhere
2. Execute logic securely off-chain,
3. Command assets across any connected network.
Not to metion Smart Accounts abstracting all the complexity away & decentralized/verifiable AI as the cherry on top.
and you're bearish?!
$FLR
Building for XRP also means contributing to the network behind it.
We are excited to share that Flare has joined @XRPLF’s recommended validator list, helping validate new ledgers and vote on protocol upgrades.
A long-term commitment to the XRP Ledger and everyone building on it.
Ripple's Prime and Treasury businesses do trillions in volume off-chain.
Brad Garlinghouse said that a key measure of success for Ripple going forward is bringing more and more of that liquidity and activity on-chain to benefit the @XRP ecosystem.
If you remember, Monica Long said something similar in Korea a couple of weeks ago for 2027 onwards.
Clear to me that with all the amendments on the XRP Ledger and the institutional integrations, Ripple is actively moving the off-chain TradFi activity they built up and acquired, onto the XRP Ledger.
A lot happening at once.
I know that inflation is a key issue right now, and the honest truth is the token inflation has been brutal.
FIP. 16 addresses this issue in many ways, but my favorite is its bet on network growth.
We are going to grow our way out of this. Question is... Do you have the conviction to see it through?
$FLR
I've just seen it run fully and it's truly remarkable.
XRPL-controlled loans powered by Flare Smart Accounts, with all the complexity abstracted away, are in the final phase.
It's an incredible engineering solution that involves XRPL-signed intent, Flare orchestration, LayerZero transport and execution on Ethereum.
This can enable a new XRP credit market to take shape across EVM liquidity without XRPL users having to understand all of the infrastructure underneath while still retaining control through their XRPL wallet.
The lending position is executed on Morpho on Ethereum, but controlled from an XRPL wallet.
The way it works is like this:
An XRPL account makes a payment to the FAssets Core Vault together with a Custom Instruction. FDC verifies that payment on Flare, FXRP gets minted into the system, and the user's Smart Account executes the instructions that were committed to from XRPL.
Part of that execution uses a Loan Subaccount, essentially a dedicated account for managing the loan position and its collateral.
From there, the FXRP on Flare crosses through the OFT and LayerZero path together with the borrow instruction to the corresponding remote Loan Subaccount on Ethereum.
Finally, that remote account supplies the FXRP into Morpho, borrows RLUSD, and sends it to the destination the user authorized.
Sounds like a lot, because it is, and it's all abstracted away such that an XRPL user can just connect their wallet to a portal, sign, and after a couple of clicks receive RLUSD as a loan against their XRP.
Extremely powerful technology, and the loan flow is only one implementation of this type of primitive.
1/ Congratulations to @Ripple on securing final OCC approval for Ripple National Trust Bank.
A major milestone for Ripple and the broader XRP ecosystem.
At @FlareNetworks, we’re building another important piece of that ecosystem: the programmable financial layer for XRP.
@FlareNetworks is building a universally connected Web3 engine.
Literally giving developers the exact tools to build apps that can:
1. Pull data from anywhere
2. Execute logic securely off-chain,
3. Command assets across any connected network.
Not to metion Smart Accounts abstracting all the complexity away & decentralized/verifiable AI as the cherry on top.
and you're bearish?!
$FLR
Trade finance is coming to the XRP Ledger!
Today, we’re expanding our collaboration with @BNYglobal across custody and tokenized trade finance, bringing BNY’s institutional scale together with $RLUSD, @XRP and the XRP Ledger.
→ https://t.co/0wOltZclRj