This new initiative means that XRP holders can now earn yields—here’s how

According to a report by Bijie Network: Flare Network has launched XRP modular lending functionality through integration with Morpho and Mystic Finance, introducing a brand new DeFi application. FXRP holders can now deposit XRP-pegged assets into permissionless yield vaults to earn returns, and borrow stablecoins or other assets using their collateral without having to sell their XRP exposure. This marks the first deployment of Morpho’s lending infrastructure on the Flare platform, which manages over 10 billions USD in deposits on EVM chains.