XRP Holders Can Now Trade Options Using Flare’s FXRP as Collateral
XRP holders can now use Flare’s FXRP as collateral to trade options and perpetual futures on Derive, a decentralized exchange. FXRP is minted through Flare’s FAssets bridge, which turns assets like XRP into ERC-20 tokens on Flare. Users can deposit FXRP into a Derive Portfolio Margin V2 account and trade from their own wallets. The setup lets XRP holders hedge downside risk, earn premium by selling options, or speculate on price moves. Derive’s XRP options settle in USDC rather than XRP, so profitable contracts pay out in the stablecoin while FXRP stays posted as collateral. Sellers must keep enough USDC and margin to avoid liquidation. The integration expands FXRP’s DeFi use cases, following its recent approval as collateral in a Morpho vault tied to Ripple’s RLUSD stablecoin.
