Sentora Adds FXRP as RLUSD Collateral

Sentora, a platform for managing institutional lending vaults, has added FXRP, a token backed by XRP on the Flare network. FXRP is now among the assets that can be used as collateral in the $RLUSD Main vault on Morpho. Morpho provides decentralized lending infrastructure on Ethereum.

Users can access the market without giving custody of their collateral to a third party. They mint FXRP through the FAssets dApp on Flare, bridge it to Ethereum, and supply it as collateral. They can then borrow $RLUSD against their FXRP within the set loan-to-value limit.

The new isolated FXRP/$RLUSD market runs on Morpho Blue and is part of the Sentora $RLUSD Main vault. The vault holds about $280 million in deposited $RLUSD. The market uses a conservative initial supply cap, which can increase as liquidity and usage grow.

Image: Magnific